Banks

You'll soon be able to clear a cheque by the next working day thanks to a new image-based system being rolled out from today.

App-based bank Monzo experienced problems today, with many prepaid card users unable to make payments.

The number of current account switches has dropped to a new low, according to figures released today.

Banks have started to pay out £1,000s to people reclaiming PPI under a new rule which means you may be able to claim back some of the cost just for having had a policy.

If you have a current account with app-based Monzo Bank, you'll be charged fees for overseas ATM withdrawals from 18 December if you take out more than £200/month.

App-based bank Monzo has apologised after thousands of people on its waiting list had their order delayed due to problems making its coral-coloured prepaid card.

App-based Monzo Bank has announced it is to scrap or severely limit free overseas ATM withdrawals on its popular prepaid card, and has launched an online poll asking users to vote on a number of different charging options.

Almost 600,000 Lloyds, Halifax and Bank of Scotland customers who fell behind on their mortgage payments are in line for a payout totalling £283 million.

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.

Update 11.15am: Since we published this story the technical issue now appears to have been resolved and cards are working normally.