Halifax has told holders of its Reward current account they will have to opt into potentially paying a £3 monthly fee for it, under changes coming in at the start of June. Customers will have to pay in £1,500 a month or be billed £3, while the bank is also revamping the account’s cashback offer. … Read more
Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more
New £20 notes with serial numbers as low as 000010 will be auctioned off next month, and could sell for as much as £10,000, This is Money can reveal. The Bank of England is hosting a charity sell-off of the new notes featuring artist JMW Turner, which will be run by London auction house Spink. … Read more
Savers looking for monthly pocket money have been dealt a blow by the news one of the nation’s largest building societies will no longer pay monthly interest on its fixed-rate bonds. Yorkshire Building Society previously offered monthly interest payments to savers who held its one, two and three-year fixed-rate bonds and Isas, but now only … Read more
Young savers were handed a boost in the Budget, with the Government revealing the Junior Isa allowance will be more than doubled to £9,000 in April. Currently parents or those aged under 16 can deposit £4,368 every year tax-free in the accounts, with both cash and stocks and shares options available, in a bid to … Read more
Santander is slashing the benefits of its flagship current account in a move that could deprive millions of customers of as much as £100 a year. The Spanish bank, which has almost four million current account holders, will cut the rate on its 123 account from 1.5 per cent to 1 per cent in May, … Read more
Some customers of Santander have accused the bank of making its online banking less secure after it revamped the way customers log on. At the end of January, the banking giant made changes which would make it ‘easier’ for customers to log into their account, requiring them only to enter their personal ID and a … Read more
Welcome to the brave new world of cashless shopping – where Big Brother keeps an eye on your supermarket basket and you are served by robots rather than a friendly face. In the heart of the City of London, where pinstriped fat cats rub shoulders with riff-raff like me, is a Tesco Express store. Nothing … Read more
Why wouldn’t Barclays let me close my account and move £38,000? Customer left waiting EIGHT weeks to transfer foreign currency Robert Cooper closed his main Barclays current account in 2017 Last December, he tried to close three foreign currency accounts and move cash For eight weeks a string of bank employees told him he was … Read more
Five out of the six High Street banks allow customers to bank cheques made out to their middle names By Samantha Partington For The Daily Mail Published: 22:00 GMT, 10 September 2019 | Updated: 09:13 GMT, 11 September 2019 Current account holders can still bank cheques made out to their middle names in five out … Read more