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....279bn. However, Nationwide said 795,000 new current accounts had been opened in the year to March. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 07:20:53 AM
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....1% of the value of the property. The society is winning the share of the current account market, in part because of customers switching from the troubled Co-operative Bank. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 04:13:14 PM
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....Buying separate travel insurance may not be necessary if you have a bank account with the benefit attached to it. Nationwide’s FlexPlus current account, at £10 a month, includes worldwide travel insurance as well as car breakdown cover and mobile phone insurance. ... [Read full article on Guardian ]
Sunday 28th of May 2017 05:59:02 AM
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Latest Finance News related to Current Account

Take a break from the falling pound … you can still minimise your holiday costs image
....Buying separate travel insurance may not be necessary if you have a bank account with the benefit attached to it. Nationwide’s FlexPlus current account, at £10 a month, includes worldwide travel insurance as well as car breakdown cover and mobile phone insurance. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
....1% of the value of the property. The society is winning the share of the current account market, in part because of customers switching from the troubled Co-operative Bank. ...
Nationwide profits hit by low interest rates image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:20:53 AM
Best bank accounts for FREE money: How to switch and earn £250 image
Source : Daily Express [Read Article] Friday 19th of May 2017 03:52:00 PM
....Instant access saving and ISA account continue to languish and dismal lows. In comparison providers desperate for new current account customers are offering lump sums of cash and top interest rates. ...
Seeing red when Delta Air debited me twice for plane tickets image
Source : Guardian [Read Article] Friday 19th of May 2017 06:00:48 AM
.... The £1,047 cost was debited from my credit card within 24 hours. Four days later I discovered the available balance on my current account had decreased by a further £1,047. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
....Let’s not forget, too, that Lloyds started with the immeasurable advantage of being the biggest retail bank in the UK by a country mile. It has a 25% share of UK current accounts, 22% of retail deposits and 21% of mortgages. ...
Lloyds claims taxpayers have made £900m profit from bailout image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:37:15 AM
....Finalising the bill for that PPI scandal – which has already topped £17bn – and paying compensation to victims of the HBOS Reading scandal are among the issues facing Lloyds. The bank is also in the throes of taking over credit card firm MBNA which will take its share of the market to 26% and add to its financial dominance: Lloyds has a 25% share of current accounts, 22% of retail deposits and 21% of mortgages. ...
Lloyds reaches landmark as government sells final shares image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:45:44 PM
.... Once operating in 30 countries, it now remains in just six – leaving it open to concern that it is vulnerable to any economic slowdown in the UK caused by Brexit. Lloyds has a 25% share of UK current accounts, 22% of retail deposits and 21% of mortgages, and as a result of the takeover of credit card company MBNA it will have a 26% share of credit card lending. ...
Best savings rates: How to make your money work harder image
Source : Daily Express [Read Article] Sunday 14th of May 2017 01:43:00 PM
....01 per cent. The dismal rates from traditional savings accounts means savers could be better placed by turning to current accounts, which can offer a bumper combination of high interest rates and lucrative perks. ...
German economic growth speeds up image
Source : BBC [Read Article] Friday 12th of May 2017 06:50:04 AM
....However, its relative strength has prompted concern in Brussels. In February, the European Commission said Germany's current account surplus - which measures the balance of goods, services and investments into and out of the country - was too big. ...
Will Lloyds chief enjoy plain sailing or will he jump ship? | Nils Pratley image
....Under the current set-up, Lloyds’ leadership in UK retail banking is assured as far as the eye can see. It is big in all the main activities – current accounts, mortgages, retail deposits, loans to small businesses – and is filling the only obvious gap by boosting its credit card operation with the addition of the MBNA book. ...
IMF meeting drops anti-protectionism pledge image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:58:15 AM
....Global finance leaders from the IMF and World Bank have dropped a pledge to fight trade protectionism from the closing note of their spring meetings. An IMF statement said members would "work together" to reduce global trade and current account imbalances "through appropriate policies". ...
Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
.... Yet it is true that changes to the international trading system are needed, especially non-tariff barriers to trade that harm fair competition. All credible ideas should be on the table, including potential penalties for countries with persistently large current account surpluses, particularly those that intervene in the foreign exchange market. ...
Brexit, PPI and high cost credit are top priorities for City watchdog image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:32:29 PM
....”. The wide-ranging work of the FCA, which oversees 56,000 firms, will also involve looking at the business models of retail banks and “free banking” for current account customers who do not use unauthorised overdrafts following on from the Competition and Markets Authority investigation last year. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
....”. That said, it will no doubt prove popular, particularly as some of the high-interest current accounts have had their rates slashed or conditions imposed. ...
Savings rates turn NEGATIVE amid biting inflation with just ONE account beating rate image
....But there are other ways to still get a return on your cash. Savers can get above inflation interest rates of three per cent through a number of current accounts, including Nationwide, TSB and Tesco Bank. ...
Small towns seethe at bank closures, but others are plotting a new future image
....Monzo is relying on an EU directive, called PSD2 (the second payments services directive) that later this year will open the banking market to digital competitors. Monzo hopes to create a single financial tent, home to the core current account but also drawing in mortgages, savings, card providers, and even utility companies, all accessed from one app. ...
Smile no more, as Co-op airport lounge passes managed to escape us image
Source : Guardian [Read Article] Tuesday 4th of April 2017 06:00:44 AM
. Our Co-op Smilemore current account, for which we pay £15. ...
How to fight back against age bias on finances image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
.... . One respondent said that their travel insurance premium jumped the moment they turned 50, even though their circumstances had not changed in any other way, while another lost the free travel insurance on their current account on turning 70. ...
Sterling’s fall lifts UK exports, figures show image
Source : Guardian [Read Article] Friday 31st of March 2017 04:15:49 PM
....Britain’s trading position with the rest of the world improved markedly in the final three months of 2016, boosting hopes that the pound’s sharp fall since the Brexit vote can help the economy become less reliant on domestic spending. As sterling’s fall made UK goods more competitive on overseas markets and boosted exports, there was a significant narrowing in the UK’s current account deficit, the latest ONS growth figures showed. ...
The new 12-sided £1 coin launches – but you may not be able to use it image
....However, the change may bring an unexpected windfall for many families. Dan King, head of current accounts at the Nationwide building society, said the15 October deadline, when the round £1 coins will cease to be legal tender, could bring a financial surprise. ...
UK banks given new stress test scenarios image
Source : BBC [Read Article] Monday 27th of March 2017 11:43:00 AM
.... . Setting out the stress test scenarios, the Bank of England said: "As highlighted in recent financial stability reports, the United Kingdom's large current account deficit creates a vulnerability to a reduction in foreign investor appetite for UK assets and increases in funding costs for real-economy borrowers. ...
Is an Isa the best home for your nest egg? image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
....Interest rates on cash Isas are also (inexplicably) lower than rates on standard deposit accounts. For many people, the best rates of interest they will earn will be on money kept in a current account in one of the deals from the likes of Santander, Nationwide and Lloyds. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
.... It claims that in some cases, even branch staff are unfamiliar with them, and recommends that the government should “require” banks to properly promote them, in branches and via advertising. So what exactly is a basic bank account, who are they aimed at, and what about some of the alternatives to a traditional current account suitable for the people the big banks don’t want or struggle to cater for, such as migrants and those with a poor credit history?. ...
Tax year end 2017: Are ISAs or current accounts the best place to save £5,000?  image
Source : Daily Express [Read Article] Thursday 16th of March 2017 04:19:00 PM
. Top interest rates on current accounts, which provide unrestricted access to savings, are far higher than easy-access ISAs - as well as most fixed rates. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
.... But they like it anyway. First, the US imports a lot more than it exports, so it runs a large trade deficit, with the broadest measure (the “current account”) at about 2. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....Despite its troubles, sparked when a £1. 5bn capital shortfall was uncovered in 2013, the bank which prides itself on its ethical stance has attracted 4,147 current account customers during the year. ...
Savers are getting worse return than ever while risk takers are benefiting image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:01:00 AM
....Current Accounts. Nationwide’s FlexDirect current account pays 5 per cent on the first £2,500 in your account, but only for one year. ...
Moneysupermarket shares hit as revenues dip image
Source : BBC [Read Article] Tuesday 28th of February 2017 09:27:26 AM
....Shares in Moneysupermarket fell more than 6% after the comparison website warned that revenues so far this year were running below last year's levels. The FTSE 250 company said this was due to customers switching less between savings and current accounts because of low interest rates. ...
The Crusader: How to keep travel insurance fit for your purpose image
Source : Daily Express [Read Article] Friday 24th of February 2017 07:43:00 PM
....Cancellation of his and his wife’s flights cost £1,800. But when the couple claimed on their Advantage travel policy, part of their NatWest Gold current account package, it was rejected. ...
German budget surplus highest since 1990 image
Source : BBC [Read Article] Thursday 23rd of February 2017 02:29:14 PM
.... . On Wednesday the Commission said Germany's current account surplus - which measures the balance of goods, services and investments into and out of the country - was too big. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
....OakNorth Bank, one of the challengers, pointed out that 80% of small businesses bank with the big four. Rishi Khosla, chief executive of OakNorth, said: “It’s important that this fund doesn’t just focus on current accounts, but that it is used to increase challenger banks’ capabilities to deliver a range of products and services, including short and long-term business loans”. ...
Co-op Bank is up for sale – is it time to leave? image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
....The Co-op Bank is the only UK high street bank with a customer-led ethical policy, covering a range of issues from the environment to animal welfare. It currently gives £110 to people who move to its no-monthly fee current account via the industry’s switching service (which involves closing your old account) and port over at least four active direct debits. ...
Nationwide should swallow Co-op Bank | Letters image
Source : Guardian [Read Article] Wednesday 15th of February 2017 06:25:56 PM
.... It’s still a mutual. Why can’t it go back to its co-operative roots? Failing that, Triodos Bank is small and undoubtedly ethical, but has no current account. ...
Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott image
.... Net trade, traditionally the motor of the German economy, subtracted from growth on the quarter because imports rose more strongly than exports. In one respect, this is a helpful development since Germany has been running an excessively high current account surplus and needs to bring it down for the good of the rest of the eurozone and the global economy. ...
My refund was a no show after The Lowry charged my card twice image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
....This is disappointing treatment of a loyal customer, though once we got in touch The Lowry’s box office representative phoned you straight away and apologised for the delay. It has not only now refunded you £87 via BACS transfer to your current account but also promised two free tickets to a show of your choice to compensate for the inconvenience. ...
Find your perfect current account image
Source : Independent [Read Article] Friday 10th of February 2017 08:51:34 PM
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Related to :
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
.... Causing consternation in Brussels, the new American president has said the EU has become a vehicle for German interests. His trade adviser Peter Navarro has accused Germany of being a currency manipulator, using a ”grossly undervalued” euro to run up a massive current account surplus. ...
What the dip in sterling means for your holiday image
Source : Daily Express [Read Article] Sunday 29th of January 2017 12:01:00 AM
.... S. aga Platinum waives charges, but is restricted to the over 50s, while the charge-free Nationwide Select Credit Card is only open to the building society’s current account customers. ...
Whistleblower wins out over HSBC charges; plus, Sky ditches the dishes image
Source : Guardian [Read Article] Thursday 26th of January 2017 02:25:22 PM
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Yorkshire building society to close 48 branches and ditch current accounts. ...
Yorkshire building society to close 48 branches and ditch current accounts image
Source : Guardian [Read Article] Wednesday 25th of January 2017 04:06:52 PM
....The announcement came 24 hours after HSBC said it would be shutting another 62 branches this year, on top of 55 already earmarked for closure. The Yorkshire, Britain’s second largest building society, will quit the current account market in order to concentrate on mortgages and savings. ...
Banks scale bank on ‘sweeteners’ used to tempt customers to switch current account image
....”. She said the Halifax Reward current account has a £15 monthly overdraft fee, adding up to £180 for those remaining overdrawn for a year. ...
‘Barclays took my £440,000 and put me through hell’ image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
.... “De-risking is banks acting in a blanket way … it will make potentially significant parts of geographic, ethnic and business classes unbanked if allowed to continue,” the FCA’s chief executive told MPs in 2015. The Financial Ombudsman Service, which handles unresolved customer complaints, categorises all cases under the financial product in question, such as current accounts, rather than the nature of the issue, so it can’t tell whether complaints about closures are on the rise or whether certain ethnic groups are disproportionately affected. ...
Seeing red when Green Motion took £2,500 for a refuelling ‘mix-up’ image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
.... It was signed in and accepted by Green Motion. More than two months later, however, £2,495 was taken from my Barclays current account because Green Motion claimed I had misfuelled the car. ...
Your money: Hidden costs behind your financial products image
Source : Daily Express [Read Article] Sunday 22nd of January 2017 12:01:00 AM
....A number of savings accounts limit the number of penalty-free withdrawals, so check the small print, Hagger says. BANK ACCOUNTS Banks are battling for your current account business but you must look beyond the headline rates and extras. ...
Can credit unions finally provide a truly ethical current account? image
Source : Guardian [Read Article] Saturday 21st of January 2017 06:59:28 AM
....Billions of pounds of taxpayer cash pumped in, PPI mis-selling, investing in fossil fuels or dodgy regimes, money laundering, Libor rigging, tax avoidance, excessive executive pay… the list of scandals involving banks goes on and on. So it’s no wonder that many people would like a more ethical home for their current account cash. ...
Link cash machines may start charging because of row about network fees image
Source : Guardian [Read Article] Wednesday 18th of January 2017 01:10:13 PM
.... About 25% of the machines currently charge for withdrawals because they are operated by independent suppliers installed in locations such as convenience stores. Lloyds Banking Group – which is the biggest user of the network as it has the largest number of current account customers – has previously raised the need for a review of the system, which could result in many cash machines being removed to cut costs. ...
Lloyds online banking problems enter second day image
Source : BBC [Read Article] Thursday 12th of January 2017 09:45:08 AM
.... Apologies for any inconvenience caused," it has tweeted. Lloyds Banking Group has 22 million current account customers. ...
Free lunches image
Source : BBC [Read Article] Thursday 12th of January 2017 12:01:34 AM
...." . Mr Trevisan, who works for marketing consultancy Simon-Kucher & Partners, says that an example of cross-selling is banks giving current accounts away for free in order to later sell the client loans, mortgages and overdrafts. ...
For love or money image
Source : BBC [Read Article] Sunday 8th of January 2017 12:56:25 AM
....It is the mundane reality of keeping heads above water financially - rather than keeping a vessel shipshape - that prompts most people to open a joint bank account. Any couple or group of people can open an account together, generally a regular current account with some added terms and conditions. ...
How to get FREE £200: Bank accounts offering the best opening perks image
Source : Daily Express [Read Article] Saturday 7th of January 2017 05:08:00 PM
....Customers can qualify if they pay in at least £1,000 a month and will also be able to open First Direct's five per cent regular saver account. The Co-op gives £110 upon the opening of one of its current accounts and customers qualify if they can pay in at least £800 a month. ...
How to tackle your debts if you overspent this Christmas image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
....Some banks offer special deals to encourage you to switch – for example, HSBC is offering switchers a six-month interest and fee-free overdraft. But what about switching your current account if you are overdrawn? Payment body Bacs, which runs the Current Account Switch Service, says you can. ...
Tech startups to make your life more slick, secure and stylish in 2017 image
Source : Guardian [Read Article] Sunday 1st of January 2017 12:00:00 PM
....The banking licence also means the company can start making money for the first time. Users will be able to request an overdraft facility on their Monzo current accounts, with the fees paid being the first revenue the startup will pull in. ...
Mark Carney's year in quotes: 'We are actors in a play written by others' image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:29:51 AM
.... That did little to help shake off the tag of “unreliable boyfriend” given to the Bank governor by one MP. In one of many warnings to come about the potential consequences of a vote for Brexit, Carney said in January that concerns about a UK exit from the EU could test “the kindness of strangers” – a reference to the global investors who fund the UK’s big current account deficit with the rest of the world. ...
Rising cost of essentials leaves UK households with less cash for treats image
Source : Guardian [Read Article] Tuesday 27th of December 2016 12:01:01 AM
....3%. The Lloyds spending power report, which analysed current account data, also noted a relatively sharp rise in spending on food. ...
UK third quarter GDP growth revised up to 0.6% image
Source : BBC [Read Article] Friday 23rd of December 2016 09:36:26 AM
....". Separate figures from the ONS showed the UK's current account deficit widened towards record levels in the third quarter, with few signs that the fall in the pound in the wake of the Brexit vote has helped to boost exports. ...
Lloyds's MBNA deal: good for the bank, bad for competition | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
.... Biodiversity will be marginally reduced. Look at the shares Lloyds enjoys already: 25% in current accounts; 21% in mortgages; 22% in retail deposits; 19% in lending to small and medium-sized businesses; and 17%, and rising, in car loans. ...
Lloyds snaps up MBNA for £1.9bn image
Source : Guardian [Read Article] Tuesday 20th of December 2016 08:10:43 AM
....Culmer acknowledged the deal was subject to competition approval but he said a recent study had found the credit card market was “healthy and competitive”. The bank has a 25% share of current accounts, 22% of retail deposits and 21% of mortgages. ...
Recycled bank accounts can mean sending money to the wrong person image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
.... But this wasn’t a fat finger error, whereby you erroneously key in the wrong account number and the money goes to an unintended recipient; and it also wasn’t one of those nasty email scams where someone is duped into paying money to a fraudster posing as their builder/carpenter etc. In this case, Lyndsay made several separate payments into what she thought was her 33-year-old son’s current account, but is actually now someone else’s account – and this person is refusing to give the money back. ...
This is a true age of uncertainty for the world economy | Barry Eichengreen image
Source : Guardian [Read Article] Wednesday 14th of December 2016 02:55:00 PM
.... China has an unmanageable corporate-debt problem and a government whose commitment to restructuring the economy is uncertain. Turkey has a massive current account deficit, an erratic president and an unstable geopolitical neighbourhood. ...
Inflation challenge to the long-suffering savers in Britain image
Source : Daily Express [Read Article] Wednesday 14th of December 2016 08:56:00 AM
.... Mountford said: “Santander offers a very competitive 1. 5 per cent on its 123 current account, for balances up to £20,000. ...
Lloyds Banking Group fails to meet 'fee-free' basic account guidelines image
Source : Guardian [Read Article] Monday 12th of December 2016 07:32:21 PM
....It is understood one of the accounts affected is the Halifax Easycash account, where a customer can be hit with up to three £10 “returned item fees”a day in cases in which there is not enough money in the account to make a payment but and the bank refuses to allow them to go into the red. Basic bank accounts are aimed at those who do not have a bank account or are ineligible for a standard current account. ...
Millions of bank customers on raw deals, figures suggest image
Source : BBC [Read Article] Monday 12th of December 2016 12:18:52 PM
....Millions of people who have basic bank accounts may be paying higher fees than necessary, government figures indicate. Basic bank accounts are designed for people who do not already have a bank account and are ineligible for a standard current account. ...
UK's trade deficit before Brexit vote narrower than first calculated image
Source : Guardian [Read Article] Tuesday 6th of December 2016 11:14:26 PM
....1bn to a record £17bn. Trade in goods and services is the largest component of a country’s current account balance. ...
Kept on hold by Barclays  for four months as it fails to clear a £19,000 cheque image
. In July I paid an American cheque for $24,000 into my Barclays current account, and four months on it has not cleared. ...
NS&I bond raises hopes of greater savings competition image
Source : Guardian [Read Article] Sunday 27th of November 2016 06:59:53 AM
....”. Nevertheless, the offer is not going to cause a mass outbreak of excitement, and many market commentators said high-interest current accounts still offer some of the best returns. ...
Where to find the best bank accounts for teenagers image
Source : Guardian [Read Article] Saturday 26th of November 2016 07:00:25 AM
. What do you do when your children have moved beyond piggy banks but aren’t old enough for a fully fledged current account? The good news is that there are a number of “youth” bank accounts on the market that can help teenagers, and those fast approaching their teens, obtain their first debit card, learn about budgeting and take their first steps towards financial independence. ...
Buy-to-let lending falls as tougher rules bite image
Source : Guardian [Read Article] Friday 18th of November 2016 12:43:50 PM
....New rules on seven-day switching have helped the society to challenge the traditional high street banks. Nationwide opened 377,000 new current accounts, up 36%, giving it a 15. ...
Nationwide profits hit by low interest rate environment image
Source : BBC [Read Article] Friday 18th of November 2016 08:26:19 AM
....But it said net mortgage lending was its "best ever", rising by 46% to £6bn. The mutual organisation also said its current account had attracted record numbers, with 377,000 people opening an account in the period, a jump of 36%. ...

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