Banking

TSB has admitted it's been deluged with 40,000 complaints from customers over the IT meltdown which has gripped it for more than a week - and only half of them have even been acknowledged so far.

TSB customers are complaining that standing orders are bouncing back into their accounts as the bank's IT meltdown continues into its second week.

TSB asked rival banks to 'hold' switching requests from its customers on Friday in the middle of its IT meltdown, MoneySavingExpert can reveal.

Barclays is doubling its Blue Rewards scheme incentives for new and existing customers who switch an account to it - meaning they can earn at least £132 in the first 12 months.

Some Lloyds Bank, Halifax and Bank of Scotland customers have complained of problems logging into their online banking accounts today - as issues with TSB's services rumble on.

A TSB customer who complained to the bank just a couple of hours after its IT meltdown started is thought to be one of the first to be awarded compensation - after being paid £40 this morning.

Transferwise has launched a debit card which gives you bank account details for four countries including the US and Australia - but while it's good for long-term travellers it can be beaten for shorter trips.

First Direct has launched a range of new bank switching incentives including a £150 Expedia voucher or a Fitbit Charge 2 - just a day after it stopped offering its £125 cash bribe.

TSB has waived all overdraft fees and interest charges for personal banking and small business customers for April, after its IT meltdown dragged into its fifth day - and if you've been left out of pocket by the outage in other ways, you may be able to get cash back.

Some customers who were due to receive their £125 incentive from NatWest for switching their bank account may have to wait an extra two weeks for their cash.