Savings & Banking News

Bank transfer scams fleeced Brits of £355.3 million in the first half of 2021, the first time that figure has exceeded the money stolen through credit card fraud.There were a total of 106,164 cases of...

American investment bank JP Morgan is launching an assault on the UK retail banking market, with a new app-only current account operating under its Chase brand.Chase is the largest consumer bank in...

Brits have left £246.5 billion languishing in accounts paying zero interest, losing more than £1 billion in interest every year.While savings rates have melted during the pandemic, savers shouldn’t...

Hundreds of consumers have claimed that overzealous banks have frozen their accounts and blocked payments over inflated worries about money laundering and fraud, according to complaints website...

Staff at bank branches alerted local police of thousands of incidents of suspected fraud this year, preventing £32 million from being stolen and leading to the arrest of 90 people, according to new...

Some university students who applied for HSBC’s student account this summer were offered the bank's standard account after a “processing error.”HSBC admitted that a “number of individuals” who...

Britons who have stashed their money in savings products with high street banks are earning pitiable rates, a year after the FCA scrapped plans better protect loyal savers.HSBC recently announced that...

Banks have announced that the spending limit for contactless cards will rise to £100 from 15 October.The maximum amount was raised from £30 to the current level of £45 at the beginning of the...

The exodus from National Savings and Investments savings accounts continued this spring, as consumers sought better interest rates elsewhere and spent some of their pandemic hoards.The latest figures...

Mastercard will phase out magnetic stripes on its credit and debit cards over the next decade after chip and pin and contactless payments have made the technology redundant.The transition will begin...