Banking

If you bank with Nationwide, you could get a free £50 paid into your account next month as a one-off 'thank you' payment following the building society's takeover of Virgin Money. The bonus will be paid to over 12 million of Nationwide's 'members' with a current account, savings or mortgage product and is separate to the £100 'Fairer Share' scheme payment that could still come later this year.

If you're a Barclays Bank customer who's been left out of pocket due to widespread delays sending or receiving payments, here's how to try and reclaim any associated costs you've incurred. Technical problems at the bank first began on Friday 31 January and have rolled on for several days.

Chase is making a major change to its popular debit card from Monday 7 April, which will see it restrict the purchases you can earn 1% cashback on – including axing the perk on overseas spending. MoneySavingExpert.com (MSE) founder Martin Lewis has branded the move "bad news" for customers.

The base rate has been cut to 4.5% from 4.75% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.

The independent Financial Ombudsman Service (FOS) – which settles disputes between UK-regulated financial companies and consumers – has confirmed plans to start charging claims firms and other "professional representatives" to bring complaints from 1 April 2025. But you'll still be able to do this yourself for free.

If you have an overdraft with Lloyds, Halifax or Bank of Scotland, the interest rate you're charged for using it could be going up from Friday 31 January as part of a shake-up announced last year. Here's what's happening and what you can do about it.

Nationwide has raised the fee on its popular FlexPlus packaged bank account from £13 to £18 a month – a £60 a year increase. So now's a good time to check if you're still getting value from the perks or whether you should ditch and switch.

Tesco Bank savings accounts, credit cards and loans are now being run by Barclays under a "partnership" between the pair. The Tesco Bank brand will remain though and you can still use its products and services as before.

If you're a club or society using Lloyds or Bank of Scotland's 'Treasurer's Account' you'll soon be moved to a new paid-for version costing up to £8.50 a month. The shake-up takes force on 14 January 2025 unless you move your money elsewhere beforehand. Here's what's happening – and your options.

If you're scammed into making a bank transfer to a fraudster, your bank MUST now refund you in most cases, under new industry-wide rules which came into force on Monday 7 October. But you still need to be cautious when making payments, as you may have up to £100 deducted from your refund – and banks will be able to reject claims entirely if they find you were really careless.