Current accounts news, Oct - Dec 2007

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Halifax gives update on dormant accounts

24 December 2007

Halifax has issued an update on its dormant accounts scheme - which aims to reunite customers with long-lost or forgotten assets.

Royal Bank of Scotland introduces new lost cards service

17 December 2007

The nightmare of losing a debit card through theft or carelessness could be alleviated, thanks to a new service from a UK bank.

Royal Bank of Scotland announces cash machine increase

14 December 2007

UK banks NatWest and the Royal Bank of Scotland (RBS) have announced the installation of 460 new cash machines across the country in the past year - which, they say, has given local economies an annual boost of over £5 million.

Consumers given greater access to banking services

07 December 2007

Consumer group Citizens Advice has welcomed a move by the Government to improve access to banking in the UK.

Consumer economic confidence slumps

05 December 2007

Latest statistics suggest that shoppers are likely to tighten their purse strings in the coming months with consumer optimism at its lowest level for three years.

BBA comments on offshore accounts report

03 December 2007

The British Bankers Association (BBA) has called for a "balance" to be struck between customers' financial confidentiality rights and authorities' need to track down tax evaders.

Britons bank online in increasing numbers

28 November 2007

It's official - organising your finances online is addictive.

Apacs announces start date for cheque changes

27 November 2007

The way in which Britons use cheques will change from next Monday, payments association Apacs has announced.

BBA's dormant accounts scheme 'a success'

22 November 2007

The British Bankers' Association (BBA) has hailed the success of its dormant accounts scheme - which aims to reunite consumers with forgotten-about and unused funds.

Bank details lost in HMRC blunder

21 November 2007

The government has made one of the biggest security lapses in history, by losing two computer discs containing the personal details of 25 million people.

Bank charges attacked by OFT

16 November 2007

The defence offered by British high street banks over what consumer groups see as excessive charges has been rejected by the Office of Fair Trading (OFT).

Banks unclear on pensioners' account tax

14 November 2007

A financial pressure group slammed banks and tax authorites yesterday for taking advantage of vulnerable OAPs.

UK prefers 'tried-and-tested' banking methods

13 November 2007

Britons are still attached to traditional methods of banking, a new study from Royal Mail has shown.

Stronger bank safety net on the way

08 November 2007

New laws are set to be introduced by the government in response to consumer concerns over bank deposit security.

Alliance and Leicester launches new account

29 October 2007

A personal finance expert at uSwitch has advised consumers on the new Alliance & Leicester (A&L) Premier 50 current account.

Nationwide launches new 'dormant account' service

25 October 2007

A new account service, which aims to reunite customers with their lost assets, has been launched.

Government national finance plan revealed

24 October 2007

A report set up by the government to set out proposals for a national financial advisory service has released its interim findings.

Banks file court defences over charges

22 October 2007

Eight of Britain's biggest high street financial services providers have formally submitted their defences for a test case which might permanently alter the way they make money in the UK.

Halifax has court date in bank charges fight

16 October 2007

The conflict between banks and their customers over penalty charges continues, with news that financial giant HBOS will be summoned to the High Court this week to defend its practices.

Chancellor launches depositor protection plan

12 October 2007

In the wake of the crisis at Northern Rock, which saw queues of worried customers outside branches in the first UK 'bank run' for over a century, the Chancellor of the Exchequer Alistair Darling has announce a discussion paper on keeping deposits safe.



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