Current accounts news, Apr - Jun 2007

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uSwitch warns on limited current account offers

27 June 2007

Consumers have been warned not to be too taken in by the rising number of limited offers available on current accounts from UK banks.

HSBC to remove interest free overdrafts for graduates

22 June 2007

Students who are coming up to their graduation are being advised to check their graduate account details after HSBC announced that from August, all graduate accounts will have overdraft charges of 9.9%.

New charges will make first direct's current accounts more confusing

21 June 2007

Current accounts with first direct, which are already subject to a 10 monthly fee unless customers take out an additional financial product with the bank, or pay in 1,500 per month, or have an average of 1,500 in their account, are set to go through further changes, with new overdraft arrangements costing consumers an additional 25 per request.

Halifax rewards switchers with £100 bonus

18 June 2007

Consumers who are unhappy with their current account should consider looking at the new offers from Halifax which could boost their balances by over £58 per year.

Beware sneaky changes to current accounts

15 June 2007

Authorised overdraft rates on current accounts are the latest medium through which the banks are making money, according to finance experts at the price comparison and switching website uSwitch.com.

No June interest rate rise

07 June 2007

The Bank of England has held off on raising interest rates any higher today after last month's increase of 0.25%.

APACS offers payment advice to elderly

05 June 2007

As part of a scheme to encourage elderly consumers to engage in more modern ways of banking, APACS, the UK payments association, has produced a new guide on how best to manage their finances.

RBS says sorry for banking crash

04 June 2007

The Royal Bank of Scotland has issued a public apology after a technical glitch left thousands of its customers unable to use its cards.

Banks win second round in current account war

30 May 2007

Lloyds TSB was handed the win against a complaining customer after the judge threw out an unfair fees case.

Online banking turns 10

23 May 2007

Online banking celebrates its tenth anniversary next week and according to the UK payments association Apacs, this 21st century way of organising your finances has witnessed a 500% increase in the past six years.

Apacs: Cash machine use up

21 May 2007

Money taken from current accounts is increasingly being obtained through cash machines, according to a new report from the UK payments association Apacs.

Judge favours bank in unfair fees case

17 May 2007

Consumers who are considering challenging their bank over unfair current account fees were urged not to be put off by Lloyds TSB's court win this week over Kevin Berwick.

6 million to receive card readers

15 May 2007

Over six million online current account users are to be sent home chip and PIN devices to help combat internet fraud.

uSwitch: Consumers should be wary of ambulance chasers

04 May 2007

A large number of specialist firms designed to help consumers win back money after they have been charged unfair fees for their current account may not be the "knight in shining armour" that they appear, according to uSwitch.com.

Are you hiding a Cashflo?

01 May 2007

Research from Abbey Current Accounts has revealed that 12% of Britons own a current account which their loved ones don't know about.

OFT begins bank probe

26 April 2007

Today marks the start of an in depth investigation by the Office of Fair Trading (OFT) into claims of unfair charges handed out by high street banks.

Islamic current accounts on the way

24 April 2007

Islamic financial products are set to be taken up in ever greater numbers as knowledge about them increases, Lloyds TSB has stated

Sainsbury's Bank urges customers to shop around

20 April 2007

Clearly confident about their current and savings accounts rates, Sainsbury's Bank has issued a statement urging consumers to research all the best current account offers on the market before choosing one to ensure they are getting the best rates.

Unnamed man wins £36,000 in unfair charges case

17 April 2007

A businessman has been given £35, 987.94 by NatWest in an attempt to avoid going to court after the customer claimed the £26,010 worth of charges he racked up on his current account between January 2001 and February 2003 were unfair.

Royal Mail to help dormant account holders

13 April 2007

Royal Mail has come up with a new system to help people in the UK be reunited with their dormant current accounts



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