Current accounts news, Jul - Sep 2007

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Changes to Alliance & Leicester bank charges

24 September 2007

Changes to Alliance & Leicester (A&L) current account charges could be good news for UK consumers; however uSwitch warns the changes could have a "sting in their tail".

Bank threatened with winding-up order

21 September 2007

One of the UK's biggest high street banks has been threatened with a winding-up order after being accused of ignoring customers' claims to repay overdraft charges in the bank fees debate.

First Direct scraps credit interest on accounts

19 September 2007

First Direct current account customers will no longer receive interest on positive balances, it has been announced.

HSBC reassures online customers

17 September 2007

HSBC has reassured online banking customers about the safety of using the web as a new report highlights the growing trend of hi tech crime in the UK.

Nationwide named top for customer service

14 September 2007

Nationwide is the best bank in the UK for customer satisfaction, a new report claims.

Latest news on bank charges High Court case

12 September 2007

Latest figures from the Office of Fair Trading (OFT) suggest that UK banks make up to £3.5 billion a year in overdraft penalty charges.

Lloyds TSB cuts overdraft charges

11 September 2007

Lloyds TSB has announced it is to cut its fees for unauthorised overdrafts, as the debate surrounding bank charges continues.

Service top for current account customers

10 September 2007

Good customer service the number one feature of a current account, Defaqto has revealed.

Green banking options remain limited, EIRIS says

05 September 2007

Options for ethical banking remain limited with many high street banks still not providing a wide range of 'green' banking choices for customers, Ethical Investment Research Services (EIRIS) has revealed.

Shop around for best current account

04 September 2007

Consumers should shop around now to find the best current account to suit them, Defaqto has claimed.

'Big freeze' puts one million claims on hold

31 August 2007

Over one million bank customers face a long wait to see if so-called 'unfair' bank charge claims totalling over £700 million will be returned, a report by uSwitch has uncovered.

Britons would fail finance exams, Abbey says

23 August 2007

As millions of GCSE students find out their long-awaited exam results today, Abbey has revealed that one in ten UK adults would fail a simple personal finance examination.

Current accounts 'to be managed on the go'

22 August 2007

A mobile banking specialist has insisted that current account customers will soon be able to transfer money over their mobile phones.

Shoppers out in force thanks to sales

17 August 2007

Summer sales have helped retail sales in the UK climb to levels higher than expected, new figures have shown.

Money transfer plans face delay

16 August 2007

The roll-out of a £300 million banking system allowing same-day money transfers made via telephone and the internet has been put on hold.

RBS steps into mobile banking arena

14 August 2007

The Royal Bank of Scotland has become the latest bank to offer customers the chance to check their bank accounts via their mobile phone.

Online banking hits branches

08 August 2007

The rise of online banking is contributing to the rise in the number of bank branches closing nationwide, a study has revealed.

Yorkshire Bank helps uni students manage cash and social lives

08 August 2007

With A-level results looming and thoughts turning to starting or returning to university, Yorkshire Bank has launched a new student account in time for the new academic year.

HSBC repays £116m in overdraft fees

31 July 2007

HSBC figures have revealed the extent of the repayments made to customers charged unreasonable bank fees for going overdrawn.

OFT takes banks to High Court

27 July 2007

High street banks will today be the subject of a High Court trial brought about by the Office of Fair Trading (OFT) in a bid to prove that overdraft fees charged by banks are unlawful.



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