Banking

banking

MasterCard refunds - the latest

We told you about the potentially massive fine that Mastercard are looking at, and how that could see millions of customers getting compensation. There's talk of £14 billion leaving Mastercard's account, and in the latest on all this, yesterday, lawyers filed their case at the Competition Appeal Tribunal. The lawyers think that (up to) 46…

PPI deadline confirmed - hurry up and make your claim

If you haven't made your PPI claim yet, you'll now have until June 2019 to get your compensation from the mis-selling scandal. Now, before we continue, we'll again point out that you can make your own claim and it is completely free. Don't give money to people who say they'll do it for you. It…

Santander customers charged 65p a minute after calling free hotline

A number of customers with Santander have been hit with high charges on their telephone bills, thanks to a simple misdial. The bank's freephone number is 0800 9 123 123, however, if you miss that number 9 out, you'll get a message telling you that the number is no longer in use. In the message,…

Overdrafts 'cost more than payday loans'

Payday loans have been lambasted from all quarters, but off the radar has been bank overdrafts. Our pals over at Which!!! have been looking into this, and in a report, have shown that some banks are charging customers a lot more in fees than payday lenders do. The watchdog looked at unarranged overdraft charges, and…

£400 compensation from Mastercard action?

There's some class action being taken against Mastercard, which says that shoppers have been swindled out of money, by as much as £400, in needless chip and pin charges in shops. This means that millions of people could be compensated thanks to the £19 billion pound claim which is being launched. It is claimed that…

Free template letter to claim compensation for mis-sold paid-for current account

We told you about the spike in complaints about paid-for, and packaged current accounts that banks have been offering. It very much looks like this is going to be the new PPI scandal, with people wanting compensation after being mis-sold these products. The Financial Ombudsman and Financial Conduct Authority have seen a dramatic increase in…

Everything you need to know about the new £5 note

We told you the new £5 notes were imminent - well, now they've been unveiled and the new plastic fivers will be in circulation very soon. "These notes will stand the test of time," said Bank of England governor Mark Carney; "Polymer marks a major innovation - it's cleaner, safer and stronger." Thanks to the…

Check to see if your HSBC branch is closing

There's going to be a lot less HSBC on the high street, thanks to a number of closures from the bank. Across the UK, HSBC have already closed 78 branches in 2016, and now there's another 53 to close too. HSBC told the Mirror: "Decisions to close branches are not taken lightly, but they are…

How to claim for PPI compensation on your old store card

If you were talked into having a store card before 2001, there's a good chance you may have been mis-sold PPI. However, a lot of the claims for this particular cover were thrown out too quickly, which means you might be in-line for some compensation. Some banks ditched a lot of these claims without looking…

NatWest online banking has problems with scam

Both NatWest and Royal Bank of Scotland have been apparently hacked by journalists from BBC Radio 4's You and Yours programme. If journalists can hack a banking app, then an unborn foetus could probably do it too. Anyway, there's a lot of concern over the safety of online banking apps at the moment, as they…

SSE ditch free number - how to ring them, or anyone, for free

SSE may have dropped their prices, but they'll be trying claw money back in other ways, like scrapping the free phone number customers can call them on. The energy company have stopped using the 0800 number, and instead, fired up the 0345 numbers, which will cost you (up to) 9p a minute from a line land,…

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Protests at rail fare hikes

Protests at rail fare hikes

A study has shown that British train users are spending up to six times as much of their wages on railway fares, as those who use trains elsewhere in Europe. Action for Rail say that some commuters in the UK are parting with 13% of their salary on trains, while Italians are paying just 2%. This…

Wonga to try out 90-day loans

Wonga - remember them? Well, they're peering out from a cloud of trouble, fines, restructuring costs, and a lot of bad press, and looking to win customers over again with some new products. They're going to start testing a 90-day loan, so people can spread costs out over longer periods, and the idea is that…

How to make a PPI claim - hurry, there's a deadline due!

If you think that you've been missold Payment Protection Insurance (PPI) and you've been lazy with regards to sorting it out, you're going to have to get a wriggle on, because the Financial Conduct Authority is thinking about putting a deadline on the whole thing. Now, you might think it is really difficult to make…

Government to change strike law reforms

Striking is a touchy subject among many, but here at Bitterwallet, we tend to side with workers, rather than chief executives and MPs. Now, there's news that the government are drawing up new legislation which is designed to make it harder for workers to go on strike. This means, there's going to be a lot…