bank charges

Abbey ups packaged account stakes

Rebecca Atkinson — Wed, 29 Oct 2008 17:15:29 +0000

Abbey has launched into the packaged current accounts market with two deals aimed at families and frequent travellers.

The bank has never before offered packaged – or fee-based - current accounts but now joins several of its competitors in offering tailored deals targeted at specific types of customers.

Banks back in court

Rebecca Atkinson — Tue, 28 Oct 2008 10:34:40 +0000

Britain’s biggest banks are back in court today to challenge an earlier ruling that gave the Office of Fair Trading (OFT) the right to decide whether overdraft charges are fair or not.

Should we really challenge bank charges?

Rebecca Atkinson — Mon, 27 Oct 2008 10:44:47 +0000

“So how many times a month can I use the account for free,” I asked the clerk helping me open my first British bank account several years ago. “As many as you like,” she replied, seemingly confused by my question. “And how much does it cost if I take money out of another bank’s cash machine?” I asked. “Nothing,” she replied with another quizzical glance.

New ruling on unfair bank charges

Rebecca Atkinson — Thu, 09 Oct 2008 11:06:07 +0100

Bank charge victims have been dealt a blow after the High Court judge hearing the high profile case said most banks’ terms and conditions were fair.

Lloyds TSB launches 5% current account

Rebecca Atkinson — Tue, 26 Aug 2008 11:45:14 +0100

Lloyds TSB has launched a new fee-free current account paying 5% credit interest on balances as high as £7,000.

Although experts say the account offers a competitive interest rate compared to other fee-free deals, its specific features mean it is not for everyone.

Moneywise awards: best current accounts for 2008

Chris Thomas — Mon, 28 Jul 2008 15:03:38 +0100

Once upon a time current accounts were seen as a necessary evil, barely warranting a mention, but today they are one of the most talked-about financial products. But it’s not interest rates or the size of the overdraft facility that’s got people talking, it’s the ongoing row about reclaiming unfair bank charges.

Bank charge waiver extended until 2009

Rebecca Atkinson — Mon, 21 Jul 2008 10:27:25 +0100

Victims of unfair bank charges will have to wait until at least 2009 to claim any refunds after the financial regulator extended a complaints waiver for another six months.

Find the best current account

Rebecca Atkinson — Wed, 16 Jul 2008 16:32:20 +0100

Uncompetitive rates and a lack of transparency mean that just 6% of customers have switched their current account provider in the past 12 months, according to a damning new report from the Office of Fair Trading (OFT).

Current account market failing consumers

Rebecca Atkinson — Wed, 16 Jul 2008 10:10:55 +0100

The current account market is not working well for consumers, with banks profiting from customer confusion by offering dismal deals.

Banks make £2.5 billion from overdraft fees

Rebecca Atkinson — Mon, 07 Jul 2008 11:38:12 +0100

Banks make £2.5 billion a year from unauthorised overdraft charges, but could be forced to repay £10 billion if they lose the current court case into bank charges.