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High street banks charge overdraft users £640 million more than challengers

Britain’s 12 million overdraft users could be wasting £640 million a year on fees and interest by not switching from expensive traditional high street banks[1] The average overdraft user is …

uSwitch comments on Citizens Advice super-complaint to the CMA

Commenting on Citizens Advice lodging a super-complaint with the CMA, Richard Neudegg, head of regulation at uSwitch.com, says: “Citizens Advice is right to highlight that vulnerable consumers can often end …

uSwitch comments on anniversary of Current Account Switch Service

The Current Account Switch Service launched in 2013 and since then has helped five million people and small businesses switch their current account provider. Commenting on the news, Tashema Jackson, money …

We know what you spent last summer: Holidaymakers put £9.7 billion on plastic to pay for summer holidays

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More than half of British holidaymakers (57%) used their credit cards to help fund their fun in the sun this year[1] A total of £9.7 billion was put on plastic …

Big high street banks falling short of customer expectations

Commenting on this morning’s announcement from the CMA that banks must display how likely customers are to recommend their services to family and friends, Tashema Jackson, money expert at uSwitch.com, …

Interest rate rise as era of cheap credit comes to an end

Commenting on the decision of the Bank of England to raise interest rates to 0.75%, Tashema Jackson, money expert at uSwitch.com, says: “This increase in the Bank of England’s base rate will see …

Savvy consumers not willing to put up with poor service from their banks

Following the Current Account Switch Service latest quarterly figures published today, Tashema Jackson, money expert at uSwitch.com, says: “A six per cent increase in customers switching their current account is …

Holidaymakers put £9.7 billion on plastic to fund their fun in the sun

More than half of British holidaymakers (57%) are using credit to help fund their foreign getaways this year[1] A total of £9.7 billion is being put on plastic to pay …

Unacceptable that banks make millions of pounds from vulnerable overdraft users, says uSwitch

Following publication of the FCA’s high cost credit review, Tashema Jackson, money expert at uSwitch.com, says: “It is encouraging to hear that FCA is looking to tackle some of the …

Seven million Brits claim to be living debt free despite owing millions, UK’s debt profile reveals

Seven million Brits don’t consider they are in debt, despite having at least one credit agreement with a lender[1] Three quarters (74%) of consumers[1] are in debt owing a total …