Banking

An unprecedented legal bid to bring a class action lawsuit against Mastercard – which could have seen  46 million consumers each receive £100s in compensation – has been turned down by a tribunal.

TSB is introducing iris recognition to its mobile banking app – meaning some customers will be able to log in to their account simply by looking at their phone.

Almost 90,000 customers with Tesco Clubcard Plus savings accounts will have their accounts shut in October.

Santander 123 Lite customers can now earn 5% cashback when using their mobiles to make payments using the Apple, Android or Samsung Pay apps – but only till the end of September.

Millions of Lloyds, Halifax and Bank of Scotland customers could benefit from a bank charge overhaul, meaning they won't pay if they go over their overdraft limit and there'll be no fees for missed payments – but two million could be worse off.

Almost 40% of UK adults now use banking apps, with about 30 transactions taking place every second.

Nationwide is overhauling its FlexPlus account, increasing the £10/month fee to £13/month and improving the insurance it offers but scrapping some perks, MoneySavingExpert.com can reveal.

NatWest and Royal Bank of Scotland have cut the cashback they offer more than 1.9 million Reward current account customers from 3% to 2%, and dropped the monthly fee from £3 to £2 – here's how to check if it's still the best cashback account for you.

Nationwide has extended its popular 'refer a friend' scheme to allow anyone with one of its mortgages or savings accounts to earn up to £500 a year – though it's added more hoops to jump through to get the cash.

More than half of all Norwich & Peterborough customers now have longer to close their current accounts, and four banks have confirmed that they will be able to earn up to £200 switching to them.