MoneySavingExpert News

Banking

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 19,000 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 30 November.

30 November 2021

Lloyds to shut 41 branches and Halifax to close seven - here's a full list of the impacted sites

Lloyds Banking Group, which owns Lloyds and Halifax, is to shut 48 branches next year, citing a fall in customer demand for the closures. We have full details below on which banks are being closed and what to do if your local branch is affected.

20 October 2021

Tesco Bank adds more customers to trial of new debit card that gives you extra Clubcard points - and budgeting help

Tesco Bank has quietly launched a prepaid debit card called 'Clubcard Pay', which it's currently trialling.

30 September 2021

JP Morgan launches new 'Chase' bank account that pays 1% cashback and 5% interest - here's how it compares

Investment bank JP Morgan has this week announced the launch of a brand new current account called 'Chase'. It offers customers 1% cashback on most spending for a year, 5% interest on savings made when you round-up purchases, and fee-free debit card use abroad. But most can only get it from November and you could earn up to £130 switching bank account NOW, so is Chase worth it?

24 September 2021

M&S Bank to close all current accounts from 31 August - so it's your last chance to switch

M&S Bank is to close all of its current accounts from August, it's been announced. But customers with credit cards, loans and insurance customers are not impacted. Here's what's happening.

24 August 2021

Tesco Bank to close its 213,000 current accounts in November – here's what it means for you

Tesco Bank has announced it will close all existing current accounts on 30 November 2021

26 July 2021

Is your bank's customer service a pleasant or peasant experience? See how your bank fared in our latest poll

Challenger bank Starling has taken the crown in our latest banking customer service poll, with digital rival Monzo coming a close second and former champion First Direct knocked into third place.

23 July 2021

Lloyds to introduce up to £28/mth fee for customers with 'free' access to its Gold, Platinum and Premier packaged bank accounts

The move impacts customers who took out these accounts before 2005 and who benefitted from offers to have the monthly fee waived provided they kept a certain amount of money in the accounts each month.

16 July 2021

MoneySavingExpert.com named UK's 'most recommended brand' for second year running

It's the second year in a row we've nabbed the top spot in YouGov's UK "Recommended Rankings" survey since its launch in 2020. This year, the data looked at 1,791 UK brands across a range of different sectors from online to banking to retail.

15 July 2021

Why has HSBC really paid likely 100,000s people £100s in refunds and compensation? And could it owe even more?

Former and existing HSBC, First Direct, John Lewis Finance and M&S Bank customers have been receiving payments from HSBC Banking Group - which the lenders come under - out of the blue over the past 10 months, and we still haven't really been told why. We’ve been pushing HSBC for answers and have put questions to the bank from ourselves and a former whistleblower to find out what’s going on.

13 July 2021