The Money Stop » overdraft

Tighten your spending for next year

Reno — Tue, 30 Nov 2010 17:16:50 +0000

With all the uncertainty over the economy and job losses many people will be stressing over their finances and for many people sorting out their finances for the New Year will be a priority. It is always a good idea to start the New Year with a streamlined budget, as it means that you can [...]

Tighten your spending for next year is a post from: The Money Stop

Banks fleecing customers with overdraft fees

Reno — Mon, 13 Sep 2010 08:34:33 +0000

It has been revealed in a recent report that many of the UK’s banks are fleecing their customers with extortionate overdraft rates and fees despite the fact that many of the customers, as taxpayers, have a stake in the banks because of the bailouts that occurred during the credit crisis, which were funded by taxpayers’ [...]

Banks fleecing customers with overdraft fees is a post from: The Money Stop

Overdraft interest charges hit highest level in ten years

Reno — Wed, 12 May 2010 23:06:46 +0000

Since the catastrophic global credit crisis swept across the UK, leaving the banking industry to face huge losses, the UK’s banks have been taking whatever steps necessary to try and recoup the massive losses, which were made worse by the recession, which left many borrowers unable to continue with repayments on loans, credit cards, and [...]

Overdraft interest charges hit highest level in ten years is a post from: The Money Stop

Charities want banks to extend offer of services

admin — Tue, 30 Mar 2010 11:38:49 +0000

A group of charities is urging banks in the UK to extend who they offer their services to, with officials from the charities stating that millions of people are being excluded from using banking services. The appeal is being made by the Better Banking Campaign, which is a group of charities and local groups, who [...]

Charities want banks to extend offer of services is a post from: The Money Stop

Banks need to do more to help struggling customers

admin — Mon, 22 Mar 2010 08:19:31 +0000

It has been claimed by the Financial Ombudsman Service that banks in the UK need to take more action to help consumers that are in dire straits with their finances and who need help to keep them afloat financially. It has emerged that many banks are routinely turning customers away when they are approached for [...]

Banks need to do more to help struggling customers is a post from: The Money Stop

Banks urged to provide services to those that are excluded

admin — Sat, 06 Mar 2010 07:52:22 +0000

A group consisting of charities and local groups is urging banks to extend their services to those that are currently excluded from a wide range of banking services, such as current accounts, basic bank accounts, credit cards, loans, and overdrafts. It is thought that millions of people are being left out when it comes to [...]

Banks urged to provide services to those that are excluded is a post from: The Money Stop

Thousand leave Halifax over bank charge changes

admin — Fri, 22 Jan 2010 07:06:03 +0000

It is reported that around seventy thousand customers have left the High Street banking giant Halifax amidst anger over changes to the way it charges for overdraft facility usage. There is also speculation that customers of the bank are still leaving, which means that eventually the changes may have cost the banking giant in excess [...]

Thousand leave Halifax over bank charge changes is a post from: The Money Stop

Don’t Get Ripped Off On Your Holiday This Year

admin — Tue, 30 Jun 2009 08:11:51 +0000

It is possible that your holiday may cost you more money than you planned on spending this year. With hidden bank charges this could amount to an extra £300. This is especially true if you plan to take your holiday abroad where the exchange rates of the pound seem to be going down each day. [...]

Don’t Get Ripped Off On Your Holiday This Year is a post from: The Money Stop

Possible good news for NatWest customers

admin — Thu, 05 Feb 2009 08:00:34 +0000

There could be some good news in the pipeline for customers of the bank, NatWest, if they have been trying to reclaim past overdraft charges that were applied to their accounts. According to a recent report Justice Andrew Smith, who has been presiding over the High Court bank charges case brought by the Office of [...]

Possible good news for NatWest customers is a post from: The Money Stop

Many banks get all clear over bank charges

admin — Mon, 10 Nov 2008 08:19:29 +0000

Following recent hearings in the next stage of the overdraft bank charge High Court case, many of the UK’s banks have received a clean bill of health from the presiding judge, who has said that most customers will not be able to use the law to challenge the terms that the banks in question have [...]

Many banks get all clear over bank charges is a post from: The Money Stop