Bank customers whose lost or stolen contactless cards have been cancelled may need to comb through months or even years of statements to check for fraudulent transactions, an MSE investigation has found.
Rewards and interest rates on Lloyds', Halifax's and Bank of Scotland's flagship current accounts could be under threat, after their parent company Lloyds Banking Group said it will conduct a review as a result of "changing market conditions".
More than 150,000 Halifax Clarity credit card customers will no longer be able to pocket a £5 monthly reward for using their card. However, new customers applying online can still take advantage of the old offer for a limited time.
The number of current account customers switching banks is on the up, despite the fact that of the UK's 68 million current accounts, fewer than 1% were switched during the opening six months of 2016.
MoneySavers who've racked up £100s by repeatedly switching banks have battled it out for the title of Britain's biggest bank tart – with one couple sharing a whopping £1,565 and another switcher making £845 in the first three months of 2016 alone.
If you're a Barclays, Halifax or Co-operative Bank customer who earns 'rewards' in the form of monthly cash payments on your current account, you may owe tax.
Young savers who open a Halifax Kids' Regular Saver account are no longer able to secure a 6% interest rate following the bank's decision to chop the rate to 4%.
Halifax has cut the interest rate of its Help to Buy ISA from 4% to 2.5% for new customers – but if you already have one, you can breathe a sigh of relief as existing customers won't be affected by the change.
A MoneySaver who made the most of banks' hefty switching incentives has told how he netted almost £800 in free cash and vouchers after opening six bank accounts in just over two years. Are you a bigger bank tart – and how do you do it to avoid the pitfalls?
8 March 2016
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