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Banking Guides

We've collated our most popular and most recently-published banking guides in one place for you. Designed to help you through the basics as well as more complicated issues, browse our entire back catalogue below. 

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Our most popular banking guides

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Who Owns Whom? Check FSCS Protection

This guide reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

This guide reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

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How Does an Overdraft Work?

Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it is important to compare interest rates. Find out more here.

Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.

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The difference between AER, gross rate and net rate

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

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What is a standing order?

A standing order is a way of setting up a regular, fixed payment from your bank account. Read the Moneyfacts guide to find out more about standing orders.

A standing order is a way of setting up a regular, fixed payment from your bank account. Read the Moneyfacts guide to find out more about standing orders.

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What is the Consumer Credit Act?

The Consumer Credit Act (CCA) is a key piece of legislation that protects consumers and regulates credit agreements. Find out how it affects you and your rights.

The Consumer Credit Act (CCA) is a key piece of legislation that protects consumers and regulates credit agreements.

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What is the EAR overdraft rate?

EAR is short for equivalent annual rate, which is the interest rate you are charged if you go overdrawn on your current account. Read our guide to find out more

EAR is short for equivalent annual rate, which is the interest rate you are charged if you go overdrawn on your current account. Read our guide to find out more

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Cash cards vs debit cards explained

Depending on the type of current account you have, you may be offered a cash or a debit card by your bank or building society. Discover the difference here.

Depending on the type of current account you have, you may be offered a cash or a debit card by your bank or building society. Discover the difference here.

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What is a Direct Debit?

A Direct Debit is where money is automatically taken from your bank account by the company you are paying, according to your instructions.

A Direct Debit is where money is automatically taken from your bank account by the company you are paying, according to your instructions.

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All our banking guides

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How Does an Overdraft Work?

Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it is important to compare interest rates. Find out more here.

Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.

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What is a building society?

Building societies are financial institutions that are similar to banks in some ways, but there are several key differences in how they work.

Building societies are financial institutions that are similar to banks in some ways, but there are several key differences in how they work.

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Cash cards vs debit cards explained

Depending on the type of current account you have, you may be offered a cash or a debit card by your bank or building society. Discover the difference here.

Depending on the type of current account you have, you may be offered a cash or a debit card by your bank or building society. Discover the difference here.

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What are challenger banks?

They regularly top the savings charts and tend to have a reputation for offering great service too – but what is a challenger bank, and can they be trusted as an alternative to the established banking giants?

They regularly top the savings charts and tend to have a reputation for offering great service too – but what is a challenger bank, and can they be trusted?

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Can you make money from stoozing?

Stoozing is a money hack that uses credit cards to help to maximise the interest you earn on your savings. Find out how it works and if it’s worth doing.

Stoozing is a money hack that uses credit cards to help to maximise the interest you earn on your savings.

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What is the Consumer Credit Act?

The Consumer Credit Act (CCA) is a key piece of legislation that protects consumers and regulates credit agreements. Find out how it affects you and your rights.

The Consumer Credit Act (CCA) is a key piece of legislation that protects consumers and regulates credit agreements.

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What is a cooling off period? What are my rights?

A cooling off period is a number of days, usually 14, that allows you to change your mind about a purchase or contract you completed from a distance. Find out when this applies and how it works.

A cooling off period is a number of days, usually 14, that allows you to change your mind about a purchase or contract you completed from a distance.

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Using a current account as a savings vehicle

With the right current account you could enjoy valuable additional benefits while securing a return on a portion of your savings.

With the right current account you could enjoy valuable additional benefits while securing a return on a portion of your savings.

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How To Stay Safe Online This Christmas

Worried about staying safe online this Christmas? It’s vital be alert to potential risks. We look at how you can stay safe as you spend this festive season.

Worried about staying safe online this Christmas? It’s vital be alert to potential risks. We look at how you can stay safe as you spend this festive season..

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The guide to budgeting for Black Friday

Black Friday is one of the biggest shopping events of the year. Some deals on this day can save UK consumers a significant amount of money on items such as clothes, electronics, and jewellery. Below we have explained how to use this holiday to your advantage.

Black Friday is one of the biggest shopping events of the year. Our guide explains how you can plan and budget for it.

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The difference between AER, gross rate and net rate

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

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What are the best ways to spend money abroad?

From vibrant city breaks to relaxing beach getaways, wherever your travel plans take you this year, you’ll need to have access to cash. The good news is that there are multiple options to choose from when it comes to spending money abroad.

From vibrant city breaks to relaxing beach getaways, wherever your travel plans take you this year, you’ll need to have access to cash.

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Has your local bank branch closed? Here’s what you can do

What are your options if your local bank branch faces closure?

What are your options if your local bank branch faces closure?

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CBDC Explained: When will the UK launch a digital pound?

How will the digital pound affect your day-to-day spending?

In February, the Bank of England and the Treasury confirmed that they were looking at introducing a digital currency.

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7 ways to stay safe when using ATMs

While the number of financial tasks you can complete via ATMs has increased significantly over the past 10 years, fraudsters have also become more sophisticated. Read our guide about how to stay safe when using an ATM.

With the growing sophistication of ATM fraudsters, it is becoming growingly important to be more vigilant. Find out more in our guide.

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Six tips to keep online banking safe

Innocent people who fall foul of internet bank account fraud can expect to be reimbursed if they have taken reasonable steps to keep their account safe.

Innocent people who fall foul of internet bank account fraud can expect to be reimbursed if they have taken reasonable steps to keep their account safe.

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How satisfied are consumers with their banks?

Most mainstream banks in the UK must contribute to the independent service quality survey. See whether the bank you use has been featured and what the consumer consensus is!

Most mainstream banks in the UK must contribute to the independent service quality survey. See whether your bank has been featured.

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How are credit card cash advances charged?

Cash advances from a credit card rank as the most expensive thing you can do – so don't consider withdrawing cash on your card unless it's an absolute last resort.

Cash advances from a credit card rank as the most expensive thing you can do – so don't consider withdrawing cash on your card unless it's a last resort.

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Everything you need to know about Open Banking

Open Banking is a practice that allows you to securely share your financial data with authorised third-party providers, such as budgeting apps or other banks, through APIs. Depending on the app or service, you can also give them permission to make payments directly from your account.

Open Banking is a practice that allows you to securely share your financial data with authorised third-party providers such as apps or other banks, through APIs

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UK inflation explained - and how to deal with it

Whether you are looking to invest for your future, save for retirement, or find your perfect mortgage you have probably come across a term called inflation. With its widening effect, it is important to understand what inflation is, why it is necessary, and how it affects the economy.

Whether you are looking to invest for your future, save for retirement, or find your perfect mortgage you have probably come across a term called inflation.

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What is the Current Account Switching Service?

Switching bank accounts is now easier and faster than ever before thanks to the Current Account Switching Service. Read our guide to find out more.

Switching bank accounts is now easier and faster than ever before thanks to the Current Account Switching Service. Read our guide to find out more.

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Who Owns Whom? Check FSCS Protection

This guide reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

This guide reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

Read More
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How to get your money back after an online scam

If you’ve fallen victim to an online scam, your thoughts will likely be turning to how to get your money back, and the answer will often depend on how you were conned out of it. So, here’s how to get your money back after an online scam if you…

Here’s how to get your money back after an online scam.

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What should you do if you are scammed?

If you’ve fallen victim to a scam, you need to act quickly to ensure things don’t get any worse. If you were targeted online you should change your passwords as soon as possible – particularly those for your bank and other financial accounts – and you’ll need to inform the relevant authorities.

If you’ve fallen victim to a scam, you need to act quickly to ensure things don’t get any worse.

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How to apply for a credit card?

If you’re thinking of taking the plunge and opening a fresh line of credit, you need to know how to apply for a credit card. Here, we outline the steps you need to take to find the ideal card for your needs and boost your chances of acceptance.

In this guide, we explain the different steps and considerations you should make when thinking about applying for a credit card.

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What is a forward currency contract?

A forward currency contract can be a great way to give you some certainty when it comes to exchange rates and costs while avoiding currency fluctuations, but what exactly is a forward currency contract, and how can you make it work for you? We take a look.

A forward currency contract can be a great way to give you some certainty when it comes to exchange rates and costs .

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What is the safest way to bank online?

We explain how the banks keep your money safe when banking online. Read our guide to find out more about staying safe online.

We explain how the banks keep your money safe when banking online. Read our guide to find out more about staying safe online.

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How to reclaim unfair credit card charges

If you have accumulated substantial extra debt because of unfair credit card charges, then you may be able to claim some of this back from your card provider of the time.

If you have accumulated substantial extra debt because of unfair credit card charges, then you may be able to claim some of this back

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Is gap insurance worth it?

Gap insurance is often sold by car dealerships when you buy a new or second-hand car. Gap insurance is there to make sure you are not out of pocket if your car is written off or stolen.

Gap insurance is often sold by car dealerships when you buy a new or second-hand car. Find out more about what role it plays in our guide.

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Is a joint bank account a good idea?

Joint accounts are readily available from nearly all banking providers. There’s quite a range to choose from so it pays to compare when looking for a new provider. Our guide explains more.

Joint accounts are readily available from nearly all banking providers. There’s quite a range to choose from so it pays to compare when looking for a provider.

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How does being self-employed impact your finances?

What you need to know about how being self-employed can impact your finances.

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Payment errors: What can you do?

Click the proceed button on a large payment before realising you've sent it to the wrong account and your first reaction is likely to be panic. Read our handy guide to find out more.

Click the proceed button on a large payment before realising you've sent it to the wrong account and your first reaction is likely to be panic. Find out more.

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