Financial institutions collect more in overdraft fees

Overdraft fees — a staple for banks and the bane of customers — are on the rise again, despite new federal regulations and consumer lawsuits aimed at reining them in. Consumers paid $400 million more in checking account overdraft fees at banks and credit unions last year than in 2011, according to a recent estimate [...]

Are you a small business or start-up? Five of the best current accounts for businesss

By Amy Andrew PUBLISHED: 04:01 EST, 16 May 2013 | UPDATED: 04:01 EST, 16 May 2013 Money can be tight during the initial months, and even years, of a fledgling business, so it is important that you stay firmly on-top of your finances. If you are able to run your business and personal banking alongside [...]

Post Office current accounts launched

Post Office has today launched three day-to-day bank accounts, including the Standard Account, Packaged Account and Control Account. It is aiming to revolutionise the current account market with its offering of “fair and transparent” products with no hidden charges. “What you see is what you get – no surprises, ” said Nick Kennet, Post Office’s [...]

Post Office launches 'transparent' current accounts

Post Office has launched three day-to-day bank accounts, including the Standard Account, Packaged Account and Control Account. It is aiming to revolutionise the current account market with its offering of ‘fair and transparent’ products with no hidden charges. ‘What you see is what you get – no surprises,’ says Nick Kennet, Post Office’s director of financial services. [...]

Post Office trials new current accounts

The Post Office is launching three new current accounts in a trial at 29 branches in East Anglia as it tries to become the latest challenger to the established high street banks. The Post Office will charge a fee for two of the three current accounts, due to be rolled out across the 11,500-strong branch [...]

Post Office warned on account fees

13 May 2013 Last updated at 06:45 ET 11,500 local branches will soon offer current accounts Consumer group Which? has warned that a monthly charge could discourage people from opening bank accounts at the Post Office. A pilot scheme is being launched at 29 post office branches in East Anglia, to try out three different [...]

Post Office under fire for fees on new current accounts

The Post Office is launching three new current accounts in a trial at 29 branches in East Anglia as it tries to become the latest challenger to the established high street banks. The Post Office will charge a fee for two of the three current accounts, due to be rolled out across the 11,500-strong branch [...]

Banks hit customers in search for profits

Banks hit customers in search for profits Santander have switched almost 2m account holders to a zero-interest deal while increasing overdraft charges Experts warn that banks are looking to boost profits at the expense of customers (Getty) MILLIONS of customers at one of Britain’s biggest banks have seen returns on their cash cut to zero [...]

Where to get a free overdraft

Recent research from MS Bank says that a third of us use an overdraft on our current account. And the average overdraft amount is currently around £2,000, according to figures from StepChange Debt Charity. Sadly, interest rates charged on authorised overdrafts are at record highs. According to financial data company Moneyfacts, the average authorised overdraft [...]

This is Money's best basic bank accounts

By Amy Andrew PUBLISHED: 03:47 EST, 7 May 2013 | UPDATED: 03:47 EST, 7 May 2013 If you are running up hundreds of pounds in overdraft fees every month, the best option may be to go cold turkey and sign up to a bank account that does not allow you to get overdrawn in the [...]

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