Complaints relating to current accounts
(24,335 in H1-2017) continue to represent the largest number of consumer complaints about banking products.
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
THE good news is that many current accounts
offer perks such as cashback, rates of interest which are much higher than you could expect to get from many savings accounts and also cash to switch.
In application to the United States, it may be stated as follows: The accumulation of dollar reserves requires the United States to run a current account
IT'S easy to assume it's not worth your while switching your current account
are seen as a "quick win" for fraudsters as they enable them to launder money and rack up debts in someone else's name by maxing out overdrafts or using the account as a springboard to make other bogus credit applications.
PowerPlus reinvents the generic current account
that pays no interest, and fixed deposits that require money to be locked in with a loss to liquidity.
The determination of current account
and exchange rate--the two major indicators of external sector--has been studied widely in theoretical and empirical literature but mostly the discussion of the two variables largely remained separate [Lee and Chinn (1998)].
are big business for banks, which rely on them to help cross-sell other products to us.
British banks are doing away with interest payouts on current accounts
Helen Bierton, head of Santander current accounts
, said: "For many people enjoying a successful long term relationship in whatever form is more rewarding than chopping and changing.