Banking

Monzo prepaid card holders won't be able to use them from "early April" and will instead have to sign up for a current account, the app based bank has announced.

Metro Bank has today opened current account applications to the whole of the UK and will allow customers to prove their identity by uploading a selfie.

Tesco has today postponed a shake-up of its Clubcard Rewards scheme after a furious backlash from customers and a call from MSE founder Martin Lewis for it to rethink the changes.

NatWest has launched its first switch incentive in almost a decade and is offering £125 to new and existing customers.

Fraudsters are tricking victims into handing over personal details by sending fake texts which appear to be genuine NatWest messages – and have used the sophisticated scam to steal more than £100 from one woman.

Customers will be given more information to help them choose a bank by its service, under new rules which come into force next year.

Disgruntled Tesco Bank customers have had their credit cards cancelled as part of "fraud protection measures" – leaving them without their cards just two weeks before Christmas.

The charity Mental Health UK has set up a new debt advice service for those with money and mental health problems, with financial backing from Lloyds Banking Group.

Lloyds, Halifax and Bank of Scotland stopped sending customers text alerts warning them their balance was low in the wake of a huge shake-up of its overdraft charges because of "technical difficulties", MoneySavingExpert.com can reveal.

Lloyds Bank customers who have an Avios Rewards American Express credit card are being urged to check their statements following a spate of fraudulent transactions targeting the rewards card.