Current accounts

High street bank TSB has relaunched its free £125 offer for switching to its Classic Plus current account. Here's what you get and how it compares with other top-pick bank switch incentives.

Stray payments sent to your old bank account could be redirected to your new account decades after you've switched, under new plans put forward by the Bacs payment scheme.

A grandmother who had her £40,000 life savings stolen by a callous con-man just days before Christmas has been told by her bank that it won't cover her losses, despite pressure for banks to shoulder more responsibility when customers fall prey to sophisticated scams.

The Financial Conduct Authority (FCA) has today announced it will help make current accounts more open and competitive by developing a range of prompts and alerts for customers to review their bank account choices and overdraft use.

NatWest is scrapping the benefits it offers to 30,000 customers with its Black credit card at the end of the year, meaning some account holders will have to take out alternative travel insurance for trips booked for 2017.

Just over 1% of the 70 million active current accounts in the UK were switched in the first nine months of this year – although thousands more people switched banks than in the same period in 2015.

Three of the country's best-paying current accounts will dramatically cut the interest and rewards they pay millions of customers early next year, MoneySavingExpert.com can reveal, as banks continue to slash headline rates on their top accounts.

Some Nationwide customers have found that payments due to leave their accounts today don't appear to have done so – though Nationwide insists outgoing direct debits have reached their destinations and customers' balances are simply failing to update due to technical problems.

High street bank TSB i s reviewing the 5% rate it pays out to savers on its best-buy Classic Plus account, MoneySavingExpert.com understands.