Customers who opened either an Everyday current account
or an Essentials current account
between February 1 2018 and February 20 2019, and who went into unarranged overdraft, did not receive an alert warning them of the possibility of charges.
'The recent widening of current account
deficits has overshadowed the near-term economic outlook of India, Indonesia and the Philippines,' Reza Siregar, head of the IIF's Asean and India research, said in the Oct.
The UK's Financial Conduct Authority (FCA) chief executive, Andrew Bailey, has warned banks against closing down operations in the current account
Some 248,302 switches took place between January and March 2017 according to payments body Bacs, which oversees the current account
"Packaged current accounts
are a great way to get a little extra from a current account
, such as worldwide travel insurance, but they can be a costly mistake if the benefits are not used or if people find that they are not eligible.
IT'S easy to assume it's not worth your while switching your current account
It said criminals are continuing to test potential weaknesses in the seven-day system which was introduced in 2013 to make it easier for people to switch current accounts
- but the growth in fraud detection rates shows firms' systems are holding up.
Most banks do not usually remunerate current accounts
with interest nor offer any value added benefits, usually on the assumption that giving full liquidity cannot be coupled with providing any extra premiums.
6 An investigation into the power of Britain's Big Four banks over the PS8billion current account
market is expected to be announced today.
And it is a drop in the ocean compared with the 65m active current accounts
in the UK.
ANKARA, December 12, 2011 (A.A) - Turkey's current accounts
deficit went up 94 percent between January and October when compared to the same period of last year and reached a figure of 65.05 billion USD.