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 to get HSBC to reverse […]
Category: Banks
Bank Error In Your Favour: Part 2
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 in favour of the bank unless […]
How Should We Pay For Banking?
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 in different ways, most probably by […]
Online / Phone Money Transfers To Get Quicker
Ever wondered why it still takes 3 days for money to get transferred from one bank to another, even when you do it online? Yep, me too. Probably one reason is that the banks make around £30m per year from the interest gained whilst the money is moved. Well, that’s going to change, as a […]
Devils Advocate: Why I Want Bank Charges Court Case To Fail
This is the first in a series of posts titled “Devils Advocate”, in which I look at a personal finance issue from a slightly different angle that I would normally. I thought it might be interesting to see whether it prompts any sort of debate. Best read with a pinch of salt. So, this reclaiming […]
Natwest Bank Charge Case Resumes…
…and is then ajourned until tomorrow. I hadn’t realised just how stop-start court cases could be. The big bank charge case between barrister Tom Brennan and Natwest resumed today a couple of weeks after the last ajournment. As the judge has now heard both cases, it was ajourned again until tomorrow (22nd May). I’ll post […]
Natwest Bank Charge Court Case Begins
Today saw the start of the Natwest bank charge court case involving lawyer Tom Brennan, who is representing himself in the attempt to get permission to sue the bank over its charges.
Cutting Out The Loan Middleman: Zopa
Simple Pound has a good write-up on how Zopa works which is worth a read.
We Don’t Trust Our Banks
A recent survey by Fool.co.uk highlighted how we do not trust our banks with our money.
NatWest Repays £35,000 Bank Charge Claim
Bank have repaid over £34,000 in charges to a Norfolk business after an unnamed businessman chose to question the charges it had imposed.