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...

Despite the fact that the papers are frequently full of horror stories about internet banking fraud, it seems from research carried out by Lloyds TSB, that we are as a nation unperturbed by the problem. 51% of us are unworried, even though 93% of us acknowledge that it is far from a “victimless” crime. 26% of us take t...

Even though only a few months ago, a survey by MoneyMood revealed that over the last year Britons have become far more likely to save their money than in previous years, a new study suggests that as a nation we are still very reluctant to save, with only 1 in 4 people spending rather than saving their money, t...

Choosing the right mortgage is a difficult and confusing process. Distinguishing between caps and collars, offsets and overpayments, sub-prime and self-cert, discounted and deferred and fixed and flexible provides enough to dazzle and bewilder the average homebuyer. It is no wonder that mortgage lenders are able to surreptitiously add an array of fees onto these mortgages. Meandering...