Basic Bank Accounts
![]() RBS and Lloyds urged to rethink policy on basic bank accountsConsumer Focus is calling for banks to sign up to a set of minimum standards governing basic bank accounts as Andrew Tyrie says RBS and Lloyds actions could influence other banks to limit cash machine access. |
![]() Co-op exit means Barclays only bank account choice for bankruptsThe decision by the Co-operative Bank to withdraw its basic bank account for new bankrupts has been criticised by the government and consumer groups. |
![]() HSBC changes its mind on Post Office bankingHSBC is to allow its nine million current account customers to perform basic banking transactions at all Post Office counters in the UK. |
![]() MPs tell Lloyds and RBS to lift cash machine restrictionsA Treasury Committee has told Lloyds and RBS to lift the restrictions on basic bank account holders being able to access cash from all of their ATM's. |
![]() Treasury plans to launch simple financial productsThe Treasury is looking at developing a range of simple financial products with the same terms and conditions to encourage people to save and switch to better deals. |
![]() RBS and Lloyds refuse to bow to pressure on basic banking chargesPart taxpayer-owned banks The Royal Bank of Scotland (RBS) and Lloyds have refused to follow the recommendations of Andrew Tyrie MP and lift restriction on ATM use. |
Banking reforms 'must help most vulnerable'The government risks failing some of the most vulnerable people in Britain because its proposed reforms of the banking sector overlook the problem of those who are marginalised because they do not have access to a basic account, Consumer Focus has warned. |
Bank accounts – the best deals and what to look forIn his budget the chancellor Alistair Darling said all UK adults will be given the right to open a basic bank account, but will that lead to better banking for all? <i>Myfinances.co.uk's</i> Kate Saines investigates. |
Darling 'planning bank accounts for all'Chancellor Alistair Darling is expected to announce a legal obligation for banks to provide basic accounts to all UK citizens when he unveils the Budget later today. |
"Radical shift" needed in banking cultureBritain's banks need a radical shift in the way they do business to ensure the needs of their customers are put before their own, City minister Lord Myners has said. |
£27.5m lies in "forgotten" bank accountsOver £27 million lies unclaimed in dormant bank accounts held with HSBC, the lender has announced. |
Bankruptcy banking: Can you find a current account?You have made the tough decision to go bankrupt and have started the process. What next? |
Bankrupt Brits refused bankingBrits who have been forced into bankruptcy are finding only two banks will offer them basic bank accounts. |
1.8 m open first bank accountsSome 1.8 million people excluded from banking have set up accounts for the first time in the last six years. |
Islamic Bank of Britain launches premier banking serviceThe Islamic Bank of Britain (IBB) has today opened a premier banking office in London for affluent and high net worth individuals. |
Post Bank could save Post OfficeA coalition of groups is calling on the government to establish a state-run bank out of the nation's post offices. |
UK banks 'greedy and impersonal'UK banks are greedy and impersonal, according to a survey of consumers. |
Finance guides launched for people with learning disabilitiesA range of guides has been launched to help people with learning disabilities open their own bank accounts. |
Bank accounts for prisoners scheme successEnabling prisoners to open a bank account may help lower the rate of re-offending, a study has revealed. |
Mandelson offers hope to Post OfficeThe government could be redrafting its plans for the Post Office, a leaked letter from Peter Mandelson to Gordon Brown reveals. |
EU may raise deposit cover to ?100,000The EU is proposing to raise the level of protection available to depositors from ?20,000 (15,500) to ?100,000 (£77,500) within a year in a bid to improve confidence. |
Banks call for liquidity scheme extensionHigh street banks are expected to ask the Bank of England to extend the special liquidity scheme beyond October in a meeting today. |
Credit unions to offer basic bank accountsPeople will soon be able to open a basic bank account through a credit union rather than going to a high-street bank. |
NatWest launches Polish bankNatWest is saying <i>witamy w NatWest</i> to the UK's Polish-speaking customers with a new bank account. |
![]() 600 new free cash machines for poor areasPlans to install 600 new free-to-use cash machines in the poorest areas of the UK have been unveiled today. |