Halifax

Fraud procedures at Lloyds, Halifax and Bank of Scotland have been placed under review after a MoneySavingExpert.com investigation revealed lost and stolen contactless cards can be used by crooks months after they're cancelled – with some banks failing to spot dodgy payments.

Mortgage lenders that have not yet passed on Bank of England (BoE) base rate savings to their customers could attract the attention of the regulator as it carries out a study into mortgage competition.

Bank customers whose lost or stolen contactless cards have been cancelled may need to comb through months or even years of statements to check for fraudulent transactions, an MSE investigation has found.

Rewards and interest rates on Lloyds', Halifax's and Bank of Scotland's flagship current accounts could be under threat, after their parent company Lloyds Banking Group said it will conduct a review as a result of "changing market conditions".

More than 150,000 Halifax Clarity credit card customers will no longer be able to pocket a £5 monthly reward for using their card. However, new customers applying online can still take advantage of the old offer for a limited time.

The number of current account customers switching banks is on the up, despite the fact that of the UK's 68 million current accounts, fewer than 1% were switched during the opening six months of 2016.

MoneySavers who've racked up £100s by repeatedly switching banks have battled it out for the title of Britain's biggest bank tart – with one couple sharing a whopping £1,565 and another switcher making £845 in the first three months of 2016 alone.

If you're a Barclays, Halifax or Co-operative Bank customer who earns 'rewards' in the form of monthly cash payments on your current account, you may owe tax.

Young savers who open a Halifax Kids' Regular Saver account are no longer able to secure a 6% interest rate following the bank's decision to chop the rate to 4%.