MBNA puts an end to credit card cheques
Friday, 19 March 2010 10:51AM
MBNA puts an end to credit card cheques
Greg Reed, Chief Marketing Officer for Bank of America Europe Card Services, said: "This decision is part of a number of changes we will be making over the coming months as we seek to offer better choice, added value and simplicity for our customers."
Customers have been informed that they can still take a look at their facilities using their credit cards, which can also be used to make balance transfers.
On September 25th 2009, the UK Domestic Cheque Guarantee Card Scheme announced the closure of the scheme for June 30th 2011, with mixed responses from consumer groups.
Posted by Martin Ellis
Latest money stories
- Brits compulsively checking bank balances The UK has turned into a nation of compulsive bank balance checkers due to the economic downturn, research shows.
- Savers are still not checking interest rates Brits are doing their best to put money into savings despite difficult economic times, though most fail to check how much interest they are making, it has emerged.
- Childcare loan proposals floated Proposals to allow parents to borrow money from the government to cover childcare costs have been put forward by a leading thinktank.
