Basic Bank Accounts
U Account axes prepaid card service from today – here's what you need to know
U Account holders can no longer access their accounts or use their prepaid cards to spend or withdraw cash as the digital bank closed the service from midday today (3 May).
3 May 2022
HSBC to close 69 branches across the UK – here's the full list and what to do about it
HSBC is going to be closing 69 of its branches across the UK. The move follows the closure of another 82 branches which were closed last year.
15 March 2022
Nationwide offers refunds after technical glitch delays payments again – what you need to know
Thousands of Nationwide customers were left unable to transfer money in or out of their accounts after an internal technical glitch meant that all faster payments were queued. Nationwide says that any customers who have been unfairly charged because of the delay will be refunded.
28 February 2022
Starling Bank to introduce fee for current account holders who deposit more than £1,000 a year via the Post Office
Starling customers who deposit cash into their account via the Post Office will be charged 0.7% per payment over £1,000 from 1 March 2022 in sweeping changes announced by the bank.
17 December 2021
Monzo becomes first major bank to launch buy now pay later scheme – here’s how it stacks up
Monzo has today (16 September) launched Monzo Flex, a buy now, pay later (BNPL) scheme, Monzo Flex, which will allow customers to make payments and then pay back in instalments.
23 September 2021
Thousands of HSBC clubs and community bank account holders face being moved to a new account from November that costs £60/yr
Thousands of charities, sports clubs and community groups with HSBC's free Clubs and Community Bank Account face being moved to the bank's new Charitable Bank Account from 1 November.
2 September 2021
Alan Turing to appear on new £50 note
Mathematician and computer science pioneer Alan Turing will appear on the new £50 note
15 July 2019
Millions benefitting from fee-free basic bank accounts, but some Lloyds and RBS customers are missing out
More than four million banking customers benefitted from fee-free basic accounts during the opening six months of 2016
12 December 2016
Nine banks to offer fee-free basic accounts in the New Year
Millions of basic bank account holders will soon be able to switch to a truly fee-free basic account
27 December 2015
Banks told to make switching easier
Banks must make it easier for customers to take charge of their accounts, the competition regulator has announced
22 October 2015
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22 March 2023
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Beat April price hikes
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Superfast fibre '£18/month'
Broadband hikes are coming
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Tesco Clubcard triple-up axed
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Ovo launches one-year fixed tariff – but is it worth switching to?
24 March 2023![]()
Almost every household has been charged the same price for their energy over the last year under the Energy Price Cap (EPC) and the Energy Price Guarantee (EPG), with no cheaper fixed deals to switch to. That has now changed, with Ovo launching a one-year fix for existing customers that undercuts the EPG level of £2,500 a year. -
BT customers 'forced into overdrafts' after duplicate payment error - here's what you need to know
24 March 2023![]()
BT customers have complained that they've been forced into overdrafts after payments were wrongly taken twice this month. The telecommunications giant said it will refund any duplicate payments taken automatically. -
Martin Lewis: Four urgent ways you may be due £1,000s in tax back – if you're married, had a PPI payout, wear a work uniform or even just pay tax
23 March 2023![]()
If you're married or in a civil partnership, have ever had a PPI payout, wear a uniform to work or pay any income tax, you could be due £100s or even £1,000s in tax back – but you'll need to check urgently. -
Bank of England increases base rate to 4.25% – what the rise means for your mortgage and savings
23 March 2023![]()
The Bank of England has increased the base rate from 4% to 4.25%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
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Martin Lewis: Is it time to ban unnecessary Christmas presents?
5 December 2022![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of... -
Martin Lewis: The one thing everyone aged over 66 needs to know
29 November 2022![]()
It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills.
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Clever ways to calculate your finances
