A MAJOR bank is to charge its customers for a standard current account, it emerged last night.
Tag: Banks
This Is Money: First Direct To Charge Monthly Fee
First Direct will start charging some customers a £10 monthly fee, as well as overdraft arrangement fees, in what could be the first step towards the end of free banking
MoneyExpert: Morgan Stanley: Credit Card Rewards ‘make Sense’
Some 29 per cent of those looking to compare credit cards have been found to value a loyalty or reward scheme as their main consideration when choosing.
MoneyExpert: Credit Card Fees Could Happen Soon, Says Analyst
Free banking could be a thing of the past as credit card providers look for other ways to make money, according to an analyst at financial website moneyfacts.co.uk.
This Is Money: Cheque Clearing ‘within Hours’
Electronic bank payments are to be processed within hours under new proposals backed by the Treasury today
Scotsman: ‘Point Nine Nine’ Rates A Nice Little Earner
BANKS and building societies are cashing in on the “point nine nine syndrome” – also used by supermarkets – by taking advantage of some customers’ limited ability to process numbers, Moneyfacts.co.uk has warned.
Motley Fool: The Death Of Cheap Credit?
As you’ve probably heard by now, last Thursday the Bank of England hiked its base rate by 0.25% to 5% a year. Naturally, some lenders have already sprung into action by raising the interest rates which they charge borrowers.
This Is Money: Farepak Blame Game Starts
The boss and bankers of the parent company that owned the collapsed Christmas Savings Firm Farepak face being quizzed by MPs about the scandal
This Is Money: Banks To Seal Debt Escape Route
Thousands of people trying to escape some or most of their debts could be stopped in their tracks by a new centralised service offered to banks and other lenders
Scotsman: Capital One Criticised Over Credit Card Cheques
A LEADING debt campaigner has described Capital One Bank as “reckless” after it sent its customers unsolicited credit card cheques.