Current accounts news, Oct - Dec 2006

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Young users push online banking ahead of telephone banking

29 December 2006

The number of adult customers banking online has outstripped the number of telephone banking customers for the first time, a survey from Apacs has shown

Apacs says phishing increase of 8,000% is a good thing

20 December 2006

Research from the Financial Services Authority (FSA) shows that the number of phishing attacks, where fraudsters attempt to get consumers to part with their bank details by posing as their bank in an email, have risen by a whopping 8,000% in the past two years.

BBC exposes banks' overcharged services

13 December 2006

Consumers have been left angry by a BBC Money Programme investigation which has revealed that many of the most popular banks are charging up to £30 for a service which only costs them £4.50.

Current account customers stung by NatWest

08 December 2006

NatWest bank has announced that it is to raise its overdraft interest rates for the second time in three months, making it the second major high street bank to do so this week.

Experts issue security warning for online current accounts

07 December 2006

Leading IT specialists have joined the UK payments association Apacs in calling for consumers to be extra vigilant in watching their online bank accounts this Christmas after a new Trojan worm was discovered to be draining current accounts of consumers' hard-earned cash.

uSwitch warns on limited current account offers

01 December 2006

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

Consumers say switching current accounts is "too much hassle"

29 November 2006

Consumers are being put off switching their current account, telling financial experts that it is "too much hassle" to move all of their direct debits and other financial obligations.

Mixed messages on consumers' trust in online banking

24 November 2006

Surveys commissioned to discover consumers' beliefs about the safety and viability of online banking have produced varied results, showing that many customers are still unsure whether or not online banking is for them.

195,000 to be hit by first direct's £10 charge

16 November 2006

Online banking firm first direct has announced that as of February next year, current account holders must keep an average monthly balance of £1,500, or deposit at least £1,500 in their account every month or face a £10 fee.

Brits falling hook, link and sinker into phishing attacks

09 November 2006

The number of phone, cheque and mail order fraud cases may have fallen by 5% in the last 12 months, but Brits are still being caught out by 'phishing' scams according to UK payments association Apacs.

Banks failing to protect customers from ID fraud

31 October 2006

UK banks are failing to protect their customers from ID theft according to research from Heise Security. Last month, the computing publication released research stating that many of the UK's banks were missing security loopholes which could enable identity thieves to obtain critical information.

Free cash machines for post offices

23 October 2006

The Royal Bank of Scotland (RBS) and Natwest have confirmed that they are to provide 100 free cash machines in the poorest rural community sub post offices.

BBA comments on bank charges

20 October 2006

The British Bankers' Association (BBA) has commented on the charging of fees by banks.

Wealthiest most at risk of ID fraud

19 October 2006

New research has shown that it is the wealthiest customers who are most at risk of ID fraud.

Mobile banking for rural account holders

17 October 2006

NatWest has launched a mobile bank service for current account customers in south Wales.

Lloyds TSB drops buffer zone

16 October 2006

Current account holders with Lloyds TSB are to be hit by new overdraft charges.

Nationwide comments on student finance

12 October 2006

As many students settle into their first term at university and attempt to get to grips with their finances and which accounts to select, Nationwide has been giving advice on financial responsibility for the young.

International money transfers can prove costly

11 October 2006

Consumers may be paying as much as four times the amount they should be spending when transferring funds from their current accounts, according to new research.

Barclays comment on internet fraud measures

10 October 2006

Barclays has commented on the measures it takes to prevent internet fraud, following a new study on the subject of internet security.

HSBC reviews 300,000 current accounts

06 October 2006

Around 300,000 of its customers' current accounts will be reviewed by HSBC as the bank assesses whether or not to close them.