A number of banks will end the controversial practice of charging their debit card customers to take out foreign currency from a bureau de change in the UK, following an agreement with the Office of Fair Trading (OFT).
The Co-op will punish credit card customers who legitimately reject an interest rate rise by demanding they repay costly debts in just six months. Otherwise, they must accept the initial hike.
A major credit card shake-up will be complete this month with all providers set to stop penalising those who spend on their plastic after making a balance transfer.
A major credit card shake-up starts tomorrow with MBNA set to end a long-standing stealth charge that penalises those who spend on their card after making a cheap balance transfer.
31 August 2010
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