Banking

Social media giant Facebook is to launch a dedicated tool to report scam ads, donate £3 million to a new Citizens Advice project to help tackle them and cover the legal costs of MSE founder Martin Lewis after reaching a settlement with him over his campaigning defamation lawsuit.

Lloyds, Halifax and Bank of Scotland have apologised to customers after many reported being unable to make payments today.

Mastercard customers will be sent emails or texts to warn them when they are approaching the end of a free trial and are about to be billed for a service, under changes to be introduced by the card scheme later this year.

England manager Gareth Southgate, actor Danny Dyer, rapper Nicki Minaj and 'Rahul from Bake Off' were just some of the famous faces nominated by members of the public to appear on the new £50 note, MoneySavingExpert.com can reveal.

At least four more high street banks – Bank of Scotland, Halifax, Lloyds and Santander – are working on plans to help customers restrict their spending on gambling, after Barclays became the first to do so last month.

RBS and NatWest customers who use their debit cards on flights and ferries have been warned to watch out for unexpected charges, after a Virgin Atlantic passenger was stunned to find a 'foreign purchase fee' added to transactions made in pounds.

The financial regulator has fined Santander £32.8 million for failing to process customers' accounts and investments effectively after they have died. 

Fixed daily and monthly overdraft fees are set to be banned as part of a package of reforms proposed by the financial regulator.

Scam victims who have been tricked into transferring money to a fraudster are to get stronger rights to complain about the bank that received the money, rather than just their own bank.

Barclays has become the first UK high street bank to allow you to block payments to certain categories of retailer, such as gambling services and premium rate phone lines, in a bid to help vulnerable customers.