Banking News

HSBC has more than 40 million customers across the world. It is one of the big four banks in the UK. Consumers that switch their bank account to HSBC can currently earn £125 cash bonus on specific HSBC accounts (subject to eligibility). We review its range of bank accounts and the HSBC mobile banking app.

HSBC offers £125 cash bonus to switch to specific HSBC accounts (subject to eligibility). We review its range of bank accounts.

American Express cardholders could earn £25 cashback for supporting small businesses.

American Express cardholders could earn £25 cashback for supporting small businesses.

As cash machines and branches continue to close across the country, digital banking is becoming increasingly important

As cash machines and branches continue to close across the country, digital banking is becoming increasingly important

This week, consumers were faced with more bank closures as TSB announced it is planning on closing 82 of its branches across the UK

This week, consumers were faced with more bank closures as TSB announced it is planning on closing 82 of its branches across the UK

The most recent results for bank service standards from the Financial Conduct Authority (FCA) show that although there has been progress in some areas of customer service, banks are still failing to improve in others – most notably in replacing lost debit cards within one day.

Although there has been progress in some areas of customer service, banks are still failing to improve in others – replacing lost debit cards within one day.

More areas across the UK are set to lose their branch of HSBC, with 114 closures announced on top of the 69 revealed earlier in 2022.

More areas across the UK are set to lose their branch of HSBC, with 114 closures announced on top of the 69 revealed earlier in 2022.

Metro Bank has launched ‘MCASH’ – a new way for small businesses to request for cash to be collected or delivered directly to their premises.

Metro Bank has launched ‘MCASH’ – a new way for small businesses to request for cash to be collected or delivered directly to their premises.

Consumers looking to switch their current account over the summer holidays could be disappointed to find that banks have slashed the free cash offered when using the Current Account Switcher Service

Consumers looking to switch current accounts over the summer could be disappointed as banks slash free cash offered when using Current Account Switcher Service.

Advanced Payment Solutions Limited, trading as Cashplus, which offers a range of business and personal banking products, has been granted a full UK banking licence

Advanced Payment Solutions Limited, trading as Cashplus, offers a range of business and personal banking products, has been granted a full UK banking licence

Banks are battling it out for your current account custom, with generous cash incentives and other perks now on offer to encourage you to switch. The biggest cash switching offer available is from NatWest, which will pay new customers £150 to switch to its Select Account, as long as they use the Current Account Switch Service (CASS), pay in £1,500 and register and log in to online or mobile banking. This is a big hike from the £100 NatWest offered at the end of 2021, but this deal only runs until 7 April.

Banks are battling it out for your current account custom, with generous cash incentives and other perks now on offer to encourage you to switch.

With just a few weeks left until the new university semester begins, it is vital for students to take a time out to find a competitive student account

With just a few weeks left until the new university semester begins, it is vital for students to take a time out to find a competitive student account

Barclays has reversed its controversial decision to no longer accept over-the-counter cash withdrawals at the Post Office.

Santander is the latest bank to announce changes to its overdraft fees in response to the Financial Conduct Authority’s (FCA) banning of fixed fees on overdrafts

Santander is the latest bank to announce changes to its overdraft fees in response to the Financial Conduct Authority’s (FCA) banning of fixed fees on overdraft

NatWest will be piloting new technology that will enable its customers to bank from home using just their voice, the bank has revealed

NatWest will be piloting new technology that will enable its customers to bank from home using just their voice, the bank has revealed

Consumers who regularly use their overdrafts will start seeing the impact of the overdraft fee changes, with some arranged overdraft borrowers seeing their charges nearly double

Consumers regularly using overdrafts start seeing the impact of the overdraft fee changes, with some arranged overdraft borrowers seeing charges nearly double.

If your bank account dwindles to almost zero every month before payday, you’ll be happy to hear it’s now harder to stumble into the red. New rules have come into force that require banks to notify you when you’re getting close to going into debt.

If your bank account dwindles to almost zero every month before payday, you’ll be happy to hear it’s now harder to stumble into the red. New rules have come...

Over the next few months, many high street banks will be implementing new overdraft charges, which is in response to new rulings by the Financial Conduct Authority (FCA)

Over the next few months, many high street banks will be implementing new overdraft charges, which is in response to new rulings by the FCA

Consumers looking to earn cashback by switching bank accounts are urged to act quickly as many of the current switching offers could end in just weeks

Consumers looking to earn cashback by switching bank accounts are urged to act quickly as many of the current switching offers could end in just weeks

Both NatWest and Metro Bank have announced that they are launching new technology-based products that are designed to make their customers’ money management easier and more secure

Both NatWest and Metro Bank have announced that they are launching new technology-based products that are designed to make their customers’ money management eas

JP Morgan has entered the UK consumer market with the launch of its digital bank, Chase

JP Morgan has entered the UK consumer market with the launch of its digital bank, Chase

The rise of contactless payments shows no signs of stopping, with new milestones being hit on a seemingly monthly basis. Well, another one has arrived, with new data showing that a quarter of all card payments are now made via contactless means.

The rise of contactless payments shows no signs of stopping, with new milestones being hit on a seemingly monthly basis. Well, another one has arrived, with...

Many current account providers have been cutting their switching incentives, perks and interest rates recently, but a slight boost in activity this week...

Dampening activity in the banking sector has started to affect the perks that customers have been able to get on current accounts. We’ve taken a look at some of the rewards still available, to see if switching could still be worth it.

Dampening activity in the banking sector has started to affect the perks that customers have been able to get on current accounts. We’ve taken a look at some...

The latest service data compiled from banks across the UK marketplace shows the surprising differences in how long it takes to complete the most popular customer requests.

The latest service data compiled from banks across the UK marketplace shows the surprising differences

It’s 1989, the Berlin Wall has come down and the Bank of England base rate is 14.88%. A new bank called first direct is launched by Midland Bank. It is the first telephone bank in the UK and allows consumers to bank at a time and a place convenient to them using their phone. It's launching principle is to ‘pioneer amazing service’.

It’s 1989, the Berlin Wall has come down and the Bank of England base rate is 14.88%. A new bank called first direct is launched by Midland Bank. It is the firs

The latest quarterly results for banking service standards from the Financial Conduct Authority (FCA) reveal that while some banks and building societies continue to improve, others have slipped further down the charts.

Financial Conduct Authority (FCA) reveal that while some banks & building societies continue to improve, others have slipped further down the charts.

Consumers looking to take advantage of the 5% interest rate being offered by Nationwide on its FlexDirect account have just days left to open the account as the rate is due to be cut on 1 May 2020

Consumers looking to take advantage of the 5% interest rate being offered by Nationwide have just days left, as the rate is due to be cut.

The bank service standards survey results are in for Q1 2020 - How did your bank do?

The bank service standards survey results are in for Q1 2020 - How did your bank do?

Banks have been working hard to attract your business, with many offering fantastic perks for switchers. However, these perks are starting to dwindle, so if you failed to grab a top deal last year, you may find that some are being clawed back.

Banks have been working hard to attract your business, with many offering fantastic perks for switchers. However, these perks are starting to dwindle, so if...

Non 123 World or Select customers will be offered 0.70%. With ISA season in full swing, Santander has increased the interest on its eISAs by 0.20%. This means 123 World or Select customers will access a rate of 0.80% while other customers will be offered 0.70%. “We’re pleased to have increased rates across a range of Santander accounts recently, and our improved e-ISA offers customers one of the highest Cash ISA rates from a high street bank, with an even higher return for our 123 current account customers as a reward for banking with us,” said Hetal Parmar, Head of Banking and Savings at Santander UK.

Non 123 World or Select customers will be offered 0.70%.

Online shoppers buying from a Europe-based company could see an increase in prices if businesses decide to pass Mastercard’s planned European fee rise onto consumers

Online shoppers buying from a Europe-based company could see an increase in prices

The Islamic Finance Consumer report 2019 from Gatehouse Bank has revealed that nearly half of all Muslim consumers have never used a sharia-compliant bank

The Islamic Finance Consumer report 2019 from Gatehouse Bank has revealed that nearly half of all Muslim consumers have never used a sharia-compliant bank