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
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Curve 'all-in-one' debit card to offer fee-free spending abroad, but how does it stack up?MoneySavingExpertThe changes announced today mean even if you link a bog-standard debit or credit card to your Curve card, you'll be able to avoid the typical 3% 'load' normally charged on overseas transactions and won't be charged for overseas spends or cash ...
The Star'Credit card betting ban would have saved Dad from prison' says Sheffield gambling campaignerThe StarAs well as the new levy and credit card ban, Mr Watson told how a Labour government would prohibit gambling adverts during live sports broadcasts, among other measures. “There are 430,000 problem gamblers in the UK - 25,000 of them are under 16 and ...Why Labour might be right with its call for new gambling regulationsThe Independentall 195 news articles »
Mirror.co.uk8-step plan to keep your student debt under controlMirror.co.ukAs students head off to university this month, their excitement about what lies ahead is probably tempered a little by the thought of how much the next three years or so is going to cost. The average student will leave with around £50,000 of debt ...
Money MarketingPension transfers fall to £8.2bn in Q2Money MarketingAccording to AJ Bell, this is the first drop in value of pension transfers since the second quarter of 2016. The figures coincide with Aegon research into the defined benefit transfer market that shows strong support among advisers for an effective ...and more »
Have you met...
Latest Members:


mohammadasad


MS OFFICE


joker


laceygua


webtechcoupons


seanmaxwell


shimaashaker

 

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