With the worldwide credit crunch making financial institutions desperate to attract our investment, savers are being lured by offers of high interest rates. This applies, not only to the familiar high street banks and building societies, but even more so to offshore accounts. Indeed Scarborough Channel Islands and ...

Internet banking has proved phenomenally popular since its introduction. What have been most surprising, however, are the benefits to the over 55s. Indeed, it has been revealed that over 3.6 billion people over the age of 55 have started online banking since 2006. Despite the conventional view that the elderly tend to be the one of the most technophobic groups, they are now beco...

Moving abroad can be stressful enough without having to think about how you will manage or replace your bank account, so it is important to know a few things beforehand to make the financial move a little easier when the physical move happens. If you plan to stay in your chosen country permanently or for quite some time, it is important to open a bank account in your new country. This ...

The Office of Fair Trading announced that banks are still making billions from unauthorised overdraft fees. But in a move which may surprise cynics, LloydsTSB has launched a scheme to help customers avoid going into the red, and therefore steer clear of associated penalty charges. The bank’s new SMS alerts inform account holders if they are about to go overdrawn or have exceeded their...

A new incentive from HSBC means that ATMs across the country will soon show warnings to customers if a cash withdrawal will take them over their overdraft limit. This new measure, which is the first of its kind, came into force at the start of October across all of HSBC's 3500 cash machines. It is designed to prevent customers from unwittingly going over their limit and incurring unanticipated...