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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
UK Finance, the trade association that oversees the UK finance and banking industry, found that nearly £1.3 billion was lost to fraudsters in 2020 – although an additional £1.6 billion in fraud was prevented thanks to safety measures. While companies are doing what they can to keep their customers safe, we have to be vigilant too.
That’s why the banking association has launched fraud awareness campaigns, which offer tips to try and prevent people from losing their hard-earned cash to scammers. While there is a lot of advice out there and there are unfortunately a lot of different ways for people to get scammed, the most important thing you can do is to try and keep your bank account safe.
This means knowing what you can expect from your banking provider and when you need to be on your guard. So, to help you keep your finances safe, here are eight things your bank will NEVER do:
Now, there will be other ways by which fraudsters can scam you out of your money, but at least these tips should help keep your bank account safe. Remember to do your research whenever you’re looking to spend money and you might not only save yourself from becoming a victim of fraud, but also save some cash.
If you’re concerned about trusting a small business with your custom you could use a credit card for extra safety. As credit cards are protected under the Consumer Credit Act, you’d have means of recouping your funds if your purchase were to be damaged or undelivered and was over £100 in value.
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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
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.
Our guide sets out 11 steps to boosting your credit score, including making payments on time and keeping your credit utilisation low.
Our guide sets out 11 steps to boosting your credit score, including making payments on time and keeping your credit utilisation low.
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.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
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.
Our guide sets out 11 steps to boosting your credit score, including making payments on time and keeping your credit utilisation low.
Our guide sets out 11 steps to boosting your credit score, including making payments on time and keeping your credit utilisation low.
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.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.