Read this article about how TSB are refusing to accept application from furloughed workers.
Read this article about how Lloyds Bank is demanding repayment of a loan from NHS worker.
Read this article about how people drawing cash from ATMs are being scammed by a thing called a ‘Lebanese Loop’. Be careful out there!
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.
Read this story explaining how Barclays Bank have dealt with a complex debt situation which they’ve cancelled due to its unfairness.
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!
The low interest rates are partly responsible for savers abandoning ISAs for Instant Access accounts. See this article for full details.
Natwest and RBS are repaying over £2.2M in wrongly-charged overdraft fees, see this article.
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.