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 ...
Daily MailLove cheat, 78, who was dumped by his wife moved in with his ex-mistress then ...Daily MailHe then began stealing money by transferring the company's capital to his account before withdrawing thousands of pounds on Ms Losack's store cards and credit cards. 'For the next four years he systematically helped himself to money from those accounts ...Love-struck 78-year-old stole £160k from his wife to lavish on Swedish 3 news articles »
The C SuiteCompanies Look to Boost Advisory Services on Pension FreedomsThe C SuiteThe research from the CBI/Mercer 2015 Pensions Survey solicited views from 166 UK organisations and was undertaken partly to assess the impact of the Government's Freedom and Choice in Pensions legislation, which gives people more choice and ...and more »
The GuardianCyber Monday – get the best deals and know your online shopping rightsThe GuardianIf you're spending more than £100 it is sensible to use a credit card because it gives protection that you don't get with a debit or prepaid card or PayPal. Under section 75 of the Consumer Credit Act the credit card provider is jointly liable if ...
Money MarketingFCA investigates advisers over outsourcing pension transfer adviceMoney MarketingThe regulator says it has found firms delegating the “entire regulated activity of providing advice to an unregulated third party”. As a result consumers have been recommended to transfer their personal pensions into high-risk Sipp assets “that may ...and more »
AOL Money UKThe Fixer: credit card scamAOL Money UKI have since cancelled the credit card, but have not been able to recoup the money taken from my account. Peter Huxley ... The Fixer Whatever your financial problem, write to and The AOL Money Fixer will get on the case.
Have you met...
Latest Members:


Sloane Beck




Kathryn Moore



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

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 –
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