A new 'name check' service is being set up to tackle money transfer scams and lower the risk of online payments being sent to the wrong account – with some banks expected to start using it early next year.
TSB customers have wrongly received texts saying they don't have enough money to make payments and that they need to pay cash into their account that same day, MoneySavingExpert.com can reveal.
Lloyds, Halifax and Bank of Scotland have been rapped by the competition watchdog for failing to send out the correct information to thousands of customers who had PPI policies.
Nationwide is to lower the maximum age covered by its packaged bank account travel insurance from 75 to 70, while raising the surcharge paid by older customers from £50 to £65.
Tesco Bank has been fined £16.4 million by the financial regulator after failing to protect customers from a "largely avoidable" cyber-attack in November 2016.
If you've set up a direct debit to pay off your Lloyds, Halifax or Bank of Scotland credit card and then make a one-off additional payment, your direct debit now WON'T be adjusted – so make sure you don't overpay.
27 September 2018
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