Current accounts news, Jan - Mar 2008

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Young people encouraged to save earlier

27 March 2008

Youngsters should think about the future and start saving for it as soon as possible, maybe in current accounts, Scottish Widows has claimed this week.

Major 'incentive' to change current accounts

20 March 2008

Consumers have been given a "strong incentive" to switch their current accounts after Abbey amended its offerings, uSwitch.com has claimed.

Financial application fraud rise noted

14 March 2008

There has been a rise in fraud noted among those applying for current accounts and other financial products, according to Cifas, the UK fraud prevention service.

More financial education urged

13 March 2008

Knowing how to operate a current account is not enough preparation for young Britons to manage their money independently, it has been suggested.

Headline rates 'tricking current account customers'

11 March 2008

Consumers have been urged to check the headline rates of current accounts before they make a switch by the Coventry.

A "shopping list" can help consumers choose a current account

29 February 2008

Customers could help themselves make the right choice about who to bank with by compiling a shopping list of their needs, an expert advises.

Shoppers 'flocked to the internet in January'

25 February 2008

British shoppers spent more online last month than during any previous January, according to figures from the Interactive Media in Retail Group (IMRG).

Bank account switching report welcomed

21 February 2008

Nationwide Building Society has welcomed a recent report which highlights how the big five banks fail to offer genuine best buys

Barclays 'announces big write-offs along with profits'

20 February 2008

UK bank Barclays reported on its year-end results yesterday, announcing profits of £7.12 billion.

Cheque use 'falling at fastest-ever rate'

15 February 2008

The death knell for cheques might have been rung by new research from payments association APACS.

High Court bank charges trial ends

11 February 2008

The High Court test case on bank charges has come to an end - although a ruling is not yet in sight, the BBC reports.

Bank offers a breath of fresh air says uSwitch

08 February 2008

Increasing competitiveness in the current accounts sector has been noted by uSwitch, following Alliance & Leicester's move yesterday to increase its in-credit interest rates.

Royal Mail issues paper statements warning

06 February 2008

Companies could lose big by imposing comparatively unpopular paperless billing on customers, the Royal Mail said yesterday.

Dormant accounts website launched

05 February 2008

National Savings and Investments (NS&I) has stepped up its dormant accounts scheme - which aims to reunite customers with funds they have either mislocated or forgotten about.

OFT: Bank contracts use strange language

31 January 2008

The Office of Fair Trading (OFT) told a High Court hearing that banks use confusing language on their contracts.

Bank robberies fall to 'lowest ever level'

30 January 2008

Current accounts in the UK are safer than ever - as bank robberies are becoming a thing of the past, the British Bankers Association (BBA) said yesterday.

Banking Code consultant admits 'small print' loophole

28 January 2008

Banks are not making changes to their terms and conditions sufficiently clear to their customers, a top consultant has said.

Barclays begins charges defence

23 January 2008

Barclays, one of eight UK lenders accused of levying unfair penalty charges from customers, has launched its High Court defence of the fees.

Barrister slams OFT as bank case begins

18 January 2008

The High Court case brought against banks by the Office of Fair Trading (OFT), over what it terms the "excessive" penalty charges they levy, got under way yesterday.

Bank charges court case begins

14 January 2008

A high-profile case, which could see big changes to current accounts in the UK in future, gets under way today at London's High Court.



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