MoneySavingExpert News

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