Articles in the Banks Category
Are We About To See The End Of Free Banking?
January 13th, 2008
This week could see the start of another bad period for the banks, thanks to a new test case starting tomorrow (14th Jan).
The High Court is to start ruling on a case the Office of Fair Trading (OFT) is bringing against 7 top banks and the Nationwide building society. The …
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Where To Go To Save Your Forgotten Money
November 13th, 2007
A long while ago I blogged about the plan for the Government to seize money which has been left in dormant accounts.
Under the “Dormant Accounts bill”, the money will be used for community projects. It is thought there could be up to £400million left untouched in abandonned or forgotten …
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Update On Bank Charge Situation
October 8th, 2007
The reclaiming of bank charges has largely dropped out of the news recently, thanks to both the OFT’s “super-claim” against some of the country’s biggest banks, and the Northern Rock saga.
If you’ve forgotten where we all stand with bank charges, and what action, if any, you should be taking …
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Good & Bad News From The Banks
September 13th, 2007
There’s been mixed news from the banks today which makes for some interesting reading.
Firstly, on the good side, if you’re a saver, savings rates have reached a massive 7% from some banks and building societies, with many having raised their interest rates on savings accounts in the last couple …
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Independent: Spread Bank Pressure
September 11th, 2007
There’s an interesting article I really agree with at The Independent, calling for the recent consumer backlash against banks to spread to other companies within the financial services industry:
The thrust of this consumer power into the financial services industry has so far been limited to bank accounts – the
…
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Student Finance: Best Student Bank Accounts
September 5th, 2007
Comparing student bank accounts isn’t that easy - but take a look at the MoneyFacts best buy table, and you’ll see that the top two accounts offered on their are the Royal Bank of Scotland and Halifax student accounts.
Both of these accounts offer 2% interest if you are in …
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HSBC U-Turn After Facebook Protest
September 4th, 2007
Following on from last week’s post on students pressuring HSBC on Facebook, HSBC have decided to do a U-turn on their plans to scrap interest-free overdrafts on their graduate accounts:
Thousands of students on Facebook had threatened to boycott the bank. The National Union of Students said this made
…
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Students Pressure Bank Using Facebook
August 29th, 2007
The internet is the power behind yet another consumer protest - this time, students have joined together on Facebook to protest against HSBC’s decision to scrap a 3-year interest free deal on their graduate accounts.
Around 3,500 students have joined the “Stop The Great HSBC Graduate Rip-Off” group to try …
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Bank Error In Your Favour: Part 2
August 28th, 2007
Around 2 years ago I did a post on what you should do if you found a bank had made a mistake in your favour; crediting your account with money that wasn’t yours.
The advice back then was to own up, as the financial obudsman and/or lawyers would rule …
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How Should We Pay For Banking?
August 16th, 2007
There’s an interesting article and vote on the BBC site regarding how consumers should pay for banking services.
As I mentioned in a recent post on bank charges, one of the consequences of bank charges being outlawed would be thatthe banks would try to recoup some of their money …
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