Bank Account Advice: How to Understand Your Bank Account

Banking has never been more accessible, with competitive rates and countless options at your fingertips. Our comprehensive guide empowers you with expert advice, practical tools and real case studies covering everything from daily banking and savings to borrowing and security. Bank Account Advice is here to help.

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BACs Transfers and Processing Explained

If you are employed or work on a freelance basis, your wage will no doubt be paid directly into your nominated bank account. This is usually done by BACS tra...

Applying for a Student Over Draft

Student banking can be confusing, particularly if a student has never had a bank account or had to manage his or her own money in the past. Some students are...

Can My Friend Pay His Cheque into My Account?

“After section 81 of the Bills of Exchange Act 1882 there shall be inserted the following section—81A—(l) Where a cheque is crossed and bears across it...

Why Are Cheques Being Phased Out?

Cheques have been in use for more than 350 years, but they now appear to be on their way out as the internet and other forms of electronic payment bring us c...

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Latest Articles and Tools

Payment Protection Insurance: Could You Claim Back Thousands?

Payment protection insurance (PPI) has the potential to be hugely costly for the banks. The cover, which was routinely added to credit cards and overdrafts u...

Top Five Credit Cards for Christmas Shopping

According to research conducted by the online shopping portal Twenga, British shoppers will spend an average of £414 per person over the festive season. Thi...

How Much Does the Average Briton Have in Their ISA?

Did you know that the amount saved in your ISA may vary depending on where you live? Recent financial surveys have revealed large fluctuations in the amounts...

Protect Against Banking Fraud at Home and Online

Beware, fraudsters have worked out a number of different ways to steal your personal details and commit ID fraud. We reveal the most popular methods of ID th...

Safeguard Your Bank Accounts Against ID Theft

Identify theft, has gained in notoriety in the past few years, largely due to the rising use of credit and debit cards and online transactions. In fact, iden...

Does the Taxman's Latest Blunder Affect You?

In the words of the great American president Benjamin Franklin: “nothing can be said to be certain, except death and taxes”. UK taxpayers may be surprise...

How Higher Inflation is Robbing Savers of Their Nest Eggs

Inflation is fast becoming a concern for UK savers. In 2011 the Government raised value added tax (VAT) from 17.5 percent to 20.0 percent. This, along with r...

Overdraft Rates Now at Record High

Britain’s banks may have recovered from the mess of the financial crisis back in 2008, but it seems that they still have quite some way to go before winnin...

Why You Should Avoid Using One Credit Card for Everything

Credit cards rarely get a good press these days, as they are frequently blamed for causing high levels of consumer debt. It should not be forgotten, however,...

Shattering the Banking Myths

There are several well-worn myths regarding banking that have been known for years, but simply no longer apply in modern times. This article explores some of...

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