The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
ReutersBritain casts doubt on EDF's $24 billion nuclear projectReutersLONDON Britain has cast doubt on a $24 billion project with French utility EDF to build the UK's first new nuclear plant in decades, delaying a final decision on the plan just weeks after the Brexit vote ushered in a new prime minister. The surprise ...and more »
This is Money'No job, not a problem': Mortgage lender targets the unemployed in a bid to bring back sub-prime 'liar loans'This is MoneyUnemployed Loans, a lender which promises to bring back self-certification mortgages, boasts on its website that it is able to defy UK regulators and offer loans to those without a job and who are unable to prove their income. On its website the firm ...and more »
The Week UKLloyds takes £350m charge over mortgage arrears inquiryThe Week UKToggle menus. The Week UK Toggle search. Subscribe. Rio 2016: the truth behind the Games. Get 12 issues for just £12 + free content download. Search. Search ..... SAVE money and time on your currency exchange · FIND OUT MORE. Back to top.and more »
AOL Money UKMortgage approvals fall to lowest levels in a yearAOL Money UKAnd continuing a trend seen in previous reports from the Bank, its Money and Credit report also showed that consumer credit is growing at its fastest rate since 2005. Consumer credit recorded a 12-month growth rate of 10.3% in June, marking the highest ...U.K. Mortgage Approvals Fall to 13-Month Low on Brexit JittersBloombergU.K. Mortgage Approvals At 1-Year LowRTT NewsLoan approvals fall back in June: Bank of EnglandFT AdviserWhat Mortgageall 13 news articles »
BloombergU.K. Mortgage Approvals Fall to 13-Month Low on Brexit JittersBloombergAn underlying gauge of M4, a broad measure of money supply, climbed to 8 percent on a 3-month annualized basis. The BOE also said that overseas investors bought a net 8.14 billion pounds of gilts in June, the most since November and more than double ...Mortgage approvals fall to lowest levels in a yearBelfast TelegraphU.K. Mortgage Approvals At 1-Year LowRTT Newsall 9 news articles »
Have you met...
Latest Members:


alsabaak


NO


qasrksa


marwasaf


lolo


danny


midomidi2013

 

Switching banks

69% of people believe they have the best bank account for their needs and UK customers are less likely to switch bank than people in any other European country according to research by Bacs.


Bacs, the company behind Direct Debit, believes we don’t switch because we think it’s too problematic. Its research shows that almost half of us haven’t switched because we believe “it would be too much hassle”, with more than a quarter thinking that changing regular payments and Direct Debits would be “too complicated”.
So Bacs and its member banks have produced a simple step-by-step ‘Account Switching’ guide which also answers people’s most frequently asked questions. The guide is free and can be found at www.thesmartwaytopay.co.uk/accountswitching.

With internet, supermarket and telephone banking all growing and contributing to an increasingly competitive marketplace, there are financial advantages for consumers who are prepared to switch banks. The service costs nothing and is made as simple and painless as possible for the account holder - all the customer needs to do is decide which Direct Debits and Standing Orders to move over to the new account and leave the rest to the new bank.

If you’ve tried switching let us know if you found it simple and painless – liz@moneyagonyaunt.com
Bacs was set up in 1968 as a not-for-profit, membership-based industry body. It’s owned by 15 of the leading banks and building societies in the UK and Europe. Since then more than 73 billion transactions have been debited or credited to British bank accounts via Bacs. And in 2008 more than 5.6 billion UK payments were made this way with a total value of £3.85 trillion.

Direct Debit:
A Direct Debit is an instruction from a customer to their bank or building society authorising an organisation to collect varying amounts from their account. This can be used to ensure regular, safe and efficient payments of anything from household bills to charitable donations. Over three billion Direct Debit payments are processed by Bacs a year and 75 per cent of adults now have at least one Direct Debit commitment.

Direct Credit:
Bacs Direct Credit is mainly used for paying wages and salaries - in fact over 90 per cent of the UK workforce is paid via Bacs Direct Credit. In total, Bacs Direct Credit is used for paying four million wages every week and nearly 25 million salaries a month. In 2008, more than 2.25 billion payments were processed using Bacs Direct Credit, a new record for the payment method.

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks