Virgin Money launches its first digital current account as it takes on the big banks

Virgin Money has revealed its attempt at pulling customers away from Britain’s biggest high street names, unveiling its new digital current account. The bank says it is looking ‘to break the big banks’ stranglehold on the UK’s stagnant current account market’. The challenger bank’s first foray into digital banking can be opened in-app, online, over … Read more

Overdraft interest more than DOUBLES on Nationwide Flexaccount

Nationwide customers will see overdraft interest more than DOUBLE today to almost 40% as it also axes fee-free buffers for some Nationwide announced overdraft changes in the summer This would bring in a 39.9% interest rate for all account holders FlexPlus and FlexDirect customers would also see interest-free buffers axed Those changes come into force … Read more

Five out of the six High Street banks allow customers to bank cheques made out to their middle names

Five out of the six High Street banks allow customers to bank cheques made out to their middle names By Samantha Partington For The Daily Mail Published: 22:00 GMT, 10 September 2019 | Updated: 09:13 GMT, 11 September 2019 Current account holders can still bank cheques made out to their middle names in five out … Read more

Cynergy Bank launches easy account to replace Virgin Money next to Marcus

Cynergy Bank launches 1.5% easy access account to replace Virgin Money as the only savings provider matching Marcus Virgin Money’s Double Take E-Saver previously paid 1.5% That put it level with Goldman Sachs’ savings account but Virgin has today cut the rate  For a few hours it left Marcus as the 1.5% easy access account offer … Read more