New European proposals aimed at cutting the cost of using debit and credit cards have been announced, but it's too early to say whether shoppers will benefit or lose out from the move.
Banks that have failed to cancel a regular payment on a credit or debit card when asked over recent years will now have to refund customers for all subsequent charges. So it's important you claim back this cash, if owed.
Customers mis-sold identity protection and card protection policies from a bank or credit card firm could soon be entitled to millions of pounds in refunds.
New Nationwide banking customers who've been abroad in the past month should check their statements now to make sure they haven't been charged a non-sterling fee for purchases made in the UK.
London bus passengers with both an Oyster card and a contactless credit or debit card should check their wallets to ensure the wrong plastic isn't charged, which could result in commuters paying extra.
Lloyds Banking Group is writing to millions of customers this week to explain how their banking arrangements will change as it prepares to sell over 600 branches to the Co-op.
Ryanair passengers will soon no longer be able to escape its admin fees levied when booking flights, making its £6 each-way charges completely unavoidable, MoneySavingExpert.com can reveal.
The Government has confirmed it will ban excessive charges for using credit and debit cards and has launched a consultation on how to implement these plans.
3 September 2012
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