Bank Charges
Legal & General Investments cuts Initial Service ChargeIn a boost to customers, Legal & General Investments has announced that it has reduced its Initial Service Charge (ISC) to zero per cent. |
Santander raises overdraft charges on current accountsA new fee-free overdraft buffer has been introduced by Santander but only after the bank doubled charges on daily arranged overdraft fees on most current accounts. |
Which? calls for action on 'confusing' overdraft chargesWhich? wants the Financial Conduct Authority to put a stop to what it calls excessive charges for overdrafts. |
Virgin Money announces charges for new Northern Rock accountsVirgin Money will charge new customers taking out current accounts around £5 a month for its services. |
OFT pressure leads to cut in currency and holiday money chargesThe Office of Fair Trading (OFT) has pledged to improve the service to travellers and holidaymakers by cutting charges on foreign currency and bank card use abroad. |
Barclays triples charges for basic bank account holdersCash Card account holders at Barclays are to face increased charges next year as the bank attempts to cut costs. |
Would customers benefit from the end of free banking?A senior figure from the Financial Services Authority (FSA) recently said that upfront fees from banks would benefit customers. Myfinances.co.uk investigates. |
RBS and Lloyds refuse to bow to pressure on basic banking chargesPart taxpayer-owned banks The Royal Bank of Scotland (RBS) and Lloyds have refused to follow the recommendations of Andrew Tyrie MP and lift restriction on ATM use. |
Packaged accounts: Are they a con?Packaged bank accounts are becoming more prevalent as banks attempt to get customers to sign up to more of their products but unless you actively use the services provided they can be a rip-off. |
How to use your bank overdraft effectivelyAn overdraft facility is often overlooked as a way of helping to manage cashflow but having the right bank overdraft and using it in the right way can be cheaper than using a credit card or personal loan. |
Consumers 'more likely to switch football teams than bank accounts'Britons are more likely to switch their allegiance from the football team they are supporting at the World Cup than change their current account, despite many complaining of poor customer service from banks. |
Government takes aim at "excessive" credit card ratesThe government plans to give financial regulators more power to define and ban "excessive" interest rates for credit and store cards as part of its strategy to improve consumer protection in the UK. |
Bankers 'could learn from hairdressers' about customer serviceBanks have been ranked third from bottom in a new survey examining the public's customer service experiences across a range of industries. |
Lib Dems pledge to scrap bank chargesThe Liberal Democrats will scrap disproportionate overdraft charges if they come to power, Nick Clegg has said. |
OFT drops bank charges investigationThe Office of Fair Trading (OFT) has dropped its investigation into unauthorised bank charges, it has announced today. |
Banks win unfair charges caseOne million bank customers who had hoped to recoup overdraft charges from their bank which they considered unfair were dealt a massive blow this morning as the Supreme Court ruled in favour of the banks. |
Up to 12 million people have been hit by unfair bank charges claims Which?Up to 12 million people have been hit by unfair bank charges since 2001 with 63% of them having yet to ask for their money back, if new research published by Which? today is to be believed. |
Abbey to offer fees free bank accounts to mortgage customersAbbey is to offer a fees free bank account from the start of the new year to all mortgage customers, it announced yesterday. |
Bank of Scotland error leads to double chargingThe Bank of Scotland said it will repay any customers who were charged twice for transactions after a technical fault. |
Date set for House of Lords bank charges appealThe House of Lords has set a date to hear the banks' appeal against the Office of Fair Trading's (OFT) overdraft charges for June 22nd. |
Million customers claiming bank chargesNearly one million bank customers have had their claims for a refund on their bank charges frozen as the case is dragged out through the courts. |
Bank charge case will go to House of LordsBanks have been given permission from the House of Lords to challenge the Court of Appeal's ruling on bank charges. |
King: Savers could face charges for savingsMervyn King today admitted banks may have to start charging customers for holding deposits as interest rates drop. |
Court rejects banks' overdraft fee appealThe Court of Appeal has rejected an attempt by several high street banks to block the Office of Fair Trading from making a decision on the fairness of bank charges. |
NatWest customers see hope on overdraft chargesThe Office of Fair Trading was back in court with the high street banks yesterday, giving NatWest customers a glimmer of hope that they could get some charges refunded. |
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