MoneySavingExpert News

Banking

Financial regulator to punish banks and building societies that don't protect people's access to cash

Under the new 'Financial Services and Markets Bill' banks and building societies will have to ensure cash withdrawal and deposit facilities are available to customers in communities across the UK.

19 May 2022

Lloyds Banking Group to shut another 20 Lloyds branches and eight Halifax outlets - here's what's happening

Lloyds Banking Group has announced a further round of branch closures, with 28 more outlets being shut across the UK between August and November this year. The closures are made up of 20 Lloyds Bank branches and eight Halifax outlets.

18 May 2022

U Account axes prepaid card service from today – here's what you need to know

U Account holders can no longer access their accounts or use their prepaid cards to spend or withdraw cash as the digital bank closed the service from midday today (3 May).

3 May 2022

Almost 200,000 current accounts switched during first three months of the year – here are the best deals, including £150 from First Direct

Almost 200,000 current accounts were switched during the first three months of the year, up two-fifths on the same period in 2021. In total, eight million current account switches have taken place since the free Current Account Switch Service was launched in 2013.

28 April 2022

Santander to slash opening hours at hundreds of branches - here's what you need to know

Santander is to shorten its opening hours on both weekdays and weekends at hundreds of branches across the UK for those who walk-in without a pre-booked appointment.

21 April 2022

Get tax credits or child benefit paid into a Post Office card account? Set up an alternative account now or your payments will stop

Around 6,600 people who get tax credits, child benefit or guardian's allowance paid into a Post Office card account need to take action urgently as HMRC will stop making payments into these accounts after 5 April.

28 March 2022

Check pockets and purses for paper £20 and £50 notes as there are millions of them still around – and you'll soon no longer be able to use them

Time to check down the back of your sofas for any soon-to-be-discontinued paper £20 and £50 notes as the latest figures from the Bank of England show there’s £17.6 billion-worth still floating around. But be quick as there are only a few months left before they become invalid.

25 March 2022

Barclays takes the axe to current account rewards scheme meaning 100,000s could earn NOTHING

Barclays is hiking its monthly Blue Rewards membership fee for hundreds of thousands of customers from March next year.

22 March 2022

TSB customers 'left without cash' after duplicate payment error - here's what you need to know

TSB customers complain that they've been left struggling to pay for food and bills after payments have been wrongly taken twice today (15 March). The bank said it is working to fix the issue, adding that it will refund any duplicate payments taken.

16 March 2022

Beware NHS Covid pass fraud - one MoneySaver was scammed out of £25,000 though he got his money back after MSE intervened

A grandfather of two, who was tricked out of £25,000 by fraudsters purporting to offer NHS Covid passes, has got his life savings back after MoneySavingExpert.com intervened.

27 January 2022