Navigating the financial affairs of a loved one who has recently died can be a tricky and complicated. This process includes unraveling the fate of any bank accounts the person held, which depends on whether the accounts have joint owners, beneficiaries or neither. Understand the process for managing a deceased loved one's bank account and … Continue reading What happens to a bank account when an owner dies?
A business and economics expert Gurpreet Narwan has been taking a look at the unsurprising decision by the Bank of England to hold interest rates at 4.75%. She says what was "more striking" was the policy rift starting to emerge on the Bank's Monetary Policy Committee, with six members voting to hold the rate and three voting … Continue reading Rate cut expectations for 2025 fall
A sustainable pension or better banking may be a more effective way of cutting your carbon footprint than not flying. Triodos Bank, based in the Netherlands, recently announced a commitment to invest at least €500 million in nature-based solutions by the end of 2030. It is part of a growing sector of 'green banks' whose … Continue reading Bank earmarks €500m for nature-based solutions to attract investors
NatWest is offering £180 to new and existing customers in the latest switch offer to enter the market. To qualify, you need to use the Current Account Switch Service, pay £1,250 into the new account and log into the mobile app within 60 days of moving accounts. If you have previously received a switch reward … Continue reading NatWest is offering £180 to switch – here are four other banks also offering cash to lure customers
If you have an HSBC credit card, you may be able to earn up to £150 in cashback on groceries, fuel and transport over the next three months - but you have just a few hours to opt in. It could be a great way of getting free money on purchases you are already making … Continue reading Do you own an HSBC credit card? You could be getting up to £150 cashback on everyday spending
A major lender has announced it will allow first-time buyers to borrow up to five-and-a-half times their income in a bid to help more people onto the property ladder. Lloyds says it has increased its max loan-to-income ratio from 4.49 as the situation is "tough right now" for first-time house hunters. It means buyers with … Continue reading Major bank to let first-time buyers borrow up to 5.5 times salary
Barclays customers will stop receiving certain perks on their Blue Rewards accounts from Wednesday. The most noticeable being scrapped is the free £5 that pops into their accounts every month just for having at least two direct debits. All other product cash rewards for holding a Barclays mortgage, loan or life insurance are also going. … Continue reading Major change for Barclays customers this week
Monzo has been named the best bank in the UK for customer satisfaction, according to a major survey. More than 17,000 personal current account customers rated their bank on the quality of its services and how likely they would be to recommend to friends or family. Digital banks made up the top three, with Monzo … Continue reading UK’s best bank named after major survey
Nigeria’s leading commercial bank, Guarantee Trust Bank, has described as entirely false report of its website being seized by hackers. A top GTB executive, who is not authorized to speak, disclosed this to the media. The clarification comes amid a report that its website has been compromised by hackers and customers’ data intercepted in a … Continue reading GTB not hacked – customers’ data safe
The two heavyweights of the payments industry, Visa and Mastercard, have agreed to settle a lawsuit brought but ATM users who accused the defendants of anti-competitive behavior by controlling fees charged by ATM networks. According to court papers, Visa and Mastercard have agreed to pay a combined $197 million to settle the case. Chase, Wells … Continue reading Why Visa and Mastercard agreed to compensate customers
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