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uSwitch comments on reduction of cheque clearing time to one working day

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Commenting on the announcement from The Cheque and Credit Clearing Company (C&CCC) that clearing time will be reduced from ‘six weekdays’ to ‘next weekday’ from 30th October 2017, Tom Lyon, …

uSwitch advises Norwich and Peterborough customers to switch now

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Commenting on the news that Norwich and Peterborough (N&P) customers are struggling to transfer their current account to a new provider, after the building society announced it is closing 100,000 …

uSwitch comments on the introduction of a deadline for PPI complaints

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Thomas Lyon, money expert at uSwitch.com, says: “Since the start of this scandal, the burden has been on consumers to speak to their banks if they believe they’d been mis-sold …

Six million Brits driven to claims management sharks by banks’ overcomplicated complaints process

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One in ten (12%) consumers have turned to a claims management company to handle their banking complaint[1] A third (34%) of consumers who’ve been dissatisfied with their bank have never …

uSwitch comments on Tesco Bank freezing 3% interest current account sign ups

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Commenting on the news that Tesco Bank has frozen new sign-ups to its 3% interest current account after tens of thousands rushed to sign up, Tashema Jackson, money expert at …

uSwitch comments on rise in payday loan complaints

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Commenting on the publication of the Financial Ombudsman Service’s latest complaints figures showing that in just nine months, payday loan complaints are already 50% higher than all of 2015/16, Tashema …

uSwitch comments on CMA’s banking final order

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Commenting on the publication of the Competition and Markets Authority’s final order, following its investigation into the retail banking market, Richard Neudegg, head of regulation at uSwitch.com, says: “Today’s final order marks another …

uSwitch comments on Santander slashing cashback on 123 credit card

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Commenting on Santander limiting cashback for 123 credit card holders to a maximum of £3 per category, and a maximum of £9 per month, Tashema Jackson, money expert at uSwitch.com, …

uSwitch comments on latest Current Account Switch Service figures

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Commenting on the publication of the latest switching figures from the Current Account Switch Service, Tashema Jackson, money expert at uSwitch.com, says: “Awareness of the Current Account Switch Service may be …

uSwitch comments on ONS Crime Survey stats

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Commenting on the publication of the Office of National Statistics (ONS) Crime Survey stats, which show that bank and credit account fraud make up over two-thirds of reported cybercrime incidents …