Could you manage without an overdraft?
7 November 2021
Overdrafts are a popular way for people to tide themselves over until the end of the month. But they are now more expensive than the typical credit card - with average interest rates of nearly 20%, according to the Financial Services Authority.
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£145 million fund could help more people find bank accounts
18 October 2021
The government will set aside a £145 million fund to help more people get access to bank accounts, according to The Guardian.
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Families in social housing 'could be better off with budgeting lessons'
5 October 2021
A financial training scheme, run by Santander Bank and the Citizen's Advice Bureau for families in social housing, made 78% of participants change their spending behavior.
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Banks 'to be given seven days to switch accounts'
4 October 2021
From September 2013, banks will be given a strict seven-day deadline to switch a customer's bank account to another institution, This is Money reports.
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How do you feel about 'the end of free banking'?
3 October 2021
There has been a lot of debate about 'free banking' recently. Some have argued that charging a transparent fee for all bank accounts will make banking
fairer by putting an end to hidden charges. Others disagree.
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Is your PIN number easy to guess?
2 October 2021
In theory there are 10,000 possible combinations for a PIN number - which would offer a reasonable amount of protection to each individual. The Guardian has found, however, that when it comes to choosing a PIN number, too many people are shockingly predictable. In fact, one in ten people use the PIN number 1234 to access the money in their bank account.
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Mobile banking: mobile payments 'to grow 42% per year'
1 October 2021
Every year until 2016, we can expect mobile payments to grow by an average of 42%. By then, we should see almost 450 million users, in a market that'll be worth $617 billion (£382 billion).
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Banks sign up to Funding for Lending scheme
27 September 2021
Five of Britain's six biggest banks and financial institutions have signed up to the new Funding for Lending scheme, in an attempt to boost the economy by making cheaper loans available to businesses and personal banking customers.
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Customers want tougher rules on bank accounts
26 September 2021
A meeting between members of the public and the Parliamentary Commission on Banking Standards, organised by Which?, has highlighted a number of key concerns that customers have regarding their banking services.
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Parents dipping into their children's bank accounts to get by
25 September 2021
30% of parents with children under 18 have borrowed (or taken) money from their child's savings account or piggy bank, according to MoneySupermarket.com. 13% admit to borrowing money once a week, 10% once a month and 14% every few months. A further 11% say they only dip into their child's savings on special occasions - like the summer holidays or Christmas.
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