Different companies have always taken a different stance on who they give priority: the customers they already have that they don't want to lose, or the new customers they want to entice to join. This has started to become a big issue in the banking industry as well, with Lloyd's TSB the latest in a rising fashion to reject the old and con...

Over the past few months studies have shown that debt is becoming an increasingly serious issue in the UK, with many people having to seek help to try and bring their finances back under control. Though it could be said that a comfortable amount of debt is not a matter for concern, it is still clear from recent figures that many are troubled by their finances. In fact, the ...

The Office of Fair Trading has indicated that banks could be making as much as £3.5 billion from penalty fees levied against customers who take their accounts over the authorised overdraft limits. The figure is an estimate released as part of an ongoing investigation by the OFT into the legality and fairness of charges made by banks against ...

Once upon a time it was easy to distinguish between Banks and Building Societies. The latter were where you kept your savings and applied for a mortgage, while the former contained your current account and allowed you to take out personal loans for big buys such as cars. Over the last twenty years, however, Building Societies have demutualised, and the differences have gradually disappeared, l...

There is always plenty of advice in the Press about bank accounts for students, but what should you do if you’re still at school and want to open a current account? You may well have a Saturday job which requires a bank account for your wages to be paid into or you may just want the convenience of being able to use a debit card for shopping or withdrawing cash from an ATM. It should be...