Category: Current Accounts
The analysis published under this category are as follows.
Tuesday, February 11, 2020
What All To Do Before Opening A Bank Account For Your Business / Companies / Current Accounts
By: Sumeet_Manhas
While getting prepped up for starting a business, a lot of things need to be taken care of. What kind of business it will be, what will be the target mass, who are your competitors, and so on. But before you get down to the big stuff, there are small but crucial things that you need to assess. This includes setting up a bank account for the business. The business itself is about transactions, therefore getting done with this step is of utmost importance. So, today we will go through a few things that you might want to do before you open your business bank account.
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Tuesday, December 31, 2019
Helpful Tips for Managing International Finances / Personal_Finance / Current Accounts
By: Justin_Weinger
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Wednesday, November 01, 2017
Don’t Waste Your Payday Cash on Bank Overdraft Charges / Personal_Finance / Current Accounts
By: MoneyFacts
As the last day of the working month, today could well be the time when workers get paid their monthly salary. Some may be breathing a sigh of relief as their pay packet hits their bank account, but those customers who were in their overdraft may find that they are missing some of their hard-earned cash as it becomes wasted on excessive overdraft charges.
According to the latest research by moneyfacts.co.uk, the upcoming overdraft changes due this week from Lloyds Bank may be the perfect prompt for borrowers to check how they use their overdraft facility and whether the changes make them better or worse off.
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Tuesday, July 04, 2017
UK Bank Rewards Current Accounts / Personal_Finance / Current Accounts
By: MoneyFacts
Consumers looking to earn a little back when they switch and spend may have noticed that some current account providers are shrinking the rewards they have on offer. The reason behind this appears to be down to low interest rates, but other factors could also be dampening activity in this area of the market.
The banks are expected to retain more capital, which could result in them spending less on perks for customers - meaning decreasing and disappearing rewards, as we’ve seen since the start of 2017.
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Tuesday, January 24, 2017
UK Current Account Sweeteners That Can Turn Sour / Personal_Finance / Current Accounts
By: MoneyFacts
Current accounts can offer some fantastic perks for switchers or savers, but if consumers failed to grab a top deal last year they would be disappointed to know that some banks have clawed back their perks.
Additionally, using the overdraft facility on some of these accounts over a long period can turn upfront cash sweeteners quite sour. The Current Account Switch Guarantee is well established, following its launch in 2013, but the latest research by Moneyfacts.co.uk can reveal that cash switching incentives, which could be a big enticement to switch, are in fact being cut down.
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Tuesday, September 20, 2016
Savers Could Earn Over 10% by Using a Current Account / Personal_Finance / Current Accounts
By: MoneyFacts
At a time when savings rates are reaching record lows, there are clearly far fewer ways of earning a decent return. Surprisingly, a current account could be a salvation for savers weathering the current climate, thanks to the rewards they offer.
By making use of the Current Account Switch Guarantee (which has been in force for three years this month), spenders and savers alike could earn up to £220 in the first year when moving their account.
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Tuesday, August 09, 2016
UK Bank Current Accounts Conundrum / Personal_Finance / Current Accounts
By: MoneyFacts
Current account customers who are considering switching their bank account will be facing an ever growing challenge to find the right deal. Now that the Competition and Markets Authority (CMA) have finalised the retail banking report, many customers will be hoping for more competition in the market for their business.
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Tuesday, July 12, 2016
Extortionate Fees Push Bank Overdraft Costs to a New High / Personal_Finance / Current Accounts
By: MoneyFacts
In March 2009 the credit crunch started to bite and base rate fell to its historic low of 0.50%. Since then, the cost of borrowing using a current account has risen, and it has now hit yet another high. Indeed, the latest research by Moneyfacts.co.uk can reveal that authorised overdrafts could now cost borrowers as much as £180 a year.
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Monday, April 25, 2016
2.8 Million Bank Switches Create Current Account Storm / Personal_Finance / Current Accounts
By: MoneyFacts
In previous years banking customers have had little incentive to switch their current account, but since the launch of the Current Account Switch Guarantee in 2013, almost three million people have ditched their old account*. As a result, a veritable current account storm has been created as providers compete to attract new customers.
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Monday, March 21, 2016
Over 90% of Current Accounts Charge Fees / Personal_Finance / Current Accounts
By: MoneyFacts
The latest research from Moneyfacts.co.ukreveals that more and more day-to-day current accountcustomers* are paying fees to use their account. Traditionally, customers would pay fees to get extra add-ons, such as travel insurance, but not all fee-charging accounts continue to reward their customers in this way.
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Monday, January 18, 2016
Free Cash Incentives Tempt Bank Current Account Switchers / Personal_Finance / Current Accounts
By: MoneyFacts
Current accounts are renowned for their perks, which can include benefits such as insurance add-ons, but providers are now upping the ante by offering cash bonuses to entice new customers.
Since the launch of the Current Account Switch Guarantee in 2013, Moneyfacts.co.uk has seen a sharp rise in the number of cash incentives being offered with current accounts, with some deals boasting sums of up to £220 a year.
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Tuesday, October 06, 2015
UK Current Account Bank Fees on the Rise / Personal_Finance / Current Accounts
By: MoneyFacts
Recent research by Moneyfacts.co.uk shows that there has been a rise in the cost of some high street current accounts over the past two years, with account fees and overdraft usage fees creeping up.
This upward trajectory is likely to continue into next year, as another high street bank is already making plans to more than double its account fee in early 2016, without offering any extra benefits.
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Wednesday, September 02, 2015
How to Make Sure the Government Can’t Freeze Your Bank Account / Personal_Finance / Current Accounts
By: Casey_Research
By Justin Spittler
If you wake up tomorrow and your bank account is frozen… what will you do?
You probably remember when the financial crisis in Greece was dominating headlines a few weeks ago.
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Wednesday, September 02, 2015
Parents Send Your Finances Back to School / Personal_Finance / Current Accounts
By: MoneyFacts
As parents breathe a sigh of relief as the kids go back to school, now is the perfect time to take stock of your finances and teach yourself a few things about personal finance.
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, said:
“A well-deserved sit-down to sift through your income and expenditure will highlight any areas you need to tackle. Fixing your finances sooner rather than later will lift a massive weight off your shoulders and make things far more manageable.”
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Tuesday, July 21, 2015
Bank Current Account Overdraft Fees Hit a High, Attacking Careful Customers / Personal_Finance / Current Accounts
By: MoneyFacts
Research by Moneyfacts.co.uk reveals that considerate customers who plan their authorised overdraft are being rewarded with higher fees, while those who fall into an unauthorised overdraft are seeing their costs reduce.
Providers traditionally charged interest on the amount customers borrowed in their overdraft, but in recent years other fees, such as usage fees, have been introduced. These fees sit either alongside the usual interest rate or in its place, and are designed to make bank charges clearer.
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Tuesday, July 07, 2015
Current Accounts Become a Salvation for UK Savers / Personal_Finance / Current Accounts
By: MoneyFacts
Rachel Springall, Finance Expert at Moneyfacts.co.uk, comments:
“In the past, current accounts paid less favourable rates of credit interest than standard savings accounts, but today, things couldn’t be more different.
“Savers can earn over three times more interest using a current account compared with the best easy access account on the market.* For this reason, it wouldn’t be surprising if savers flock to these accounts and abandon standard savings accounts altogether.
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Wednesday, January 28, 2015
How to Find the Best Offshore Banks / Personal_Finance / Current Accounts
By: Casey_Research
By Nick Giambruno
It’s hard to think of a topic where following the conventional wisdom can be more dangerous.
And that topic is banking.
It’s generally accepted as an absolute truth by the public and most financial experts that putting your money in a domestic bank is a safe and responsible thing to do. After all, if anything were to go wrong, your deposits are insured by the government.
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Saturday, January 24, 2015
10 Reasons Why You Need an Offshore Bank Account / Personal_Finance / Current Accounts
By: Casey_Research
By Nick Giambruno
You may have wondered: “What’s the difference between having a bank account at Bank of America and having an offshore bank account?”
The truth is, there’s possibly all the difference in the world.
Here are the top 10 reasons why you need an offshore bank account.
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Wednesday, November 16, 2011
The New Banking Fees That Are Silently Squeezing You / Personal_Finance / Current Accounts
By: Money_Morning
Kerri Shannon writes:
Customers won a victory in early November when their protests prompted Bank of America Corp. (NYSE: BAC) to drop new banking fees on debit cards.
But while you were celebrating, banks got busy finding new ways to recoup that money.
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Saturday, May 12, 2007
Britain's Best Bank for Personal Banking, Current Account Services Poll Results / Personal_Finance / Current Accounts
By: Shahla_Walayat
The poll conducted by the MarketOracle.co.uk shows that out of a selection of 29 choices the highest votes cast for the best bank for UK personal banking services, (primarily current account and linked products) are for the Abbey National.
In total 617 votes were cast between 26th April and 11th May 2007. The top 8 financial institutions for personal banking services are -
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Thursday, May 03, 2007
Vote for the Best Bank in Britain, Abbey National leads the pack / Personal_Finance / Current Accounts
By: Shahla_Walayat
With the UK local election voting taking place today, we remind readers of the ongoing Market Oracle poll on the Best UK Bank for Personal Banking services such as current accounts.
With some 230 votes in, the results so far show the following top 5 banking institutions by number of votes cast from a selection of 29 options.
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Tuesday, March 27, 2007
Current accounts - an alternative home for your Savings / Personal_Finance / Current Accounts
By: MoneyFacts
Andrew Hagger, head of news and press at Moneyfacts.co.uk, the money search engine comments “Over the last couple of years we’ve seen the emergence of more current accounts offering high credit interest rates, some of which are on a par with the top paying savings accounts.
“Traditionally, people keep their current account for managing their day to day finances and maintain a separate savings account, often with a different institution, in which to hold their savings balances.
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