TSB Not Accepting Mortgage Applications from Furloughed Workers
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Read this article about how TSB are refusing to accept application from furloughed workers.
Tag: bank
NHS Worker Accuses Lloyds of ‘Hollow’ Support
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Read this article about how Lloyds Bank is demanding repayment of a loan from NHS worker.
Devon Police Warning Over Cash Machine Scam
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Read this article about how people drawing cash from ATMs are being scammed by a thing called a ‘Lebanese Loop’. Be careful out there!
Bank Transfer Rules Are Changing
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When transferring money, you need a Sort Code and Account No. But if they’re wrong, you could be sending a random person the money. So there’s a new system ‘confirmation of payee’ which allows you to check the payee’s name. See this article for more details.
Barclays Show They’ve Got Heart
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Read this story explaining how Barclays Bank have dealt with a complex debt situation which they’ve cancelled due to its unfairness.
Bank of England Governor ‘Ready To Take Action’ After Record GDP Slump
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Read this article where the governor of the Bank of England, Andrew Bailey, talks about taking action as a result of the 20.4% slump in GDP resulting from Coronavirus lock-down. Be interesting to see what it is!
ISAs Being Abandoned In Favour of Instant Access Accounts
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The low interest rates are partly responsible for savers abandoning ISAs for Instant Access accounts. See this article for full details.
RBS and Natwest Repaying £2.2M in Wrongly Charged Overdraft Fees
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Natwest and RBS are repaying over £2.2M in wrongly-charged overdraft fees, see this article.
Banks Introduce New Overdraft Rules
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The banks, including Lloyds, Barclays and Halifax, are introducing new rules as a direct result of Coronavirus. Read this article with advice from Martin Lewis.