As someone with numerous VADDs (Variable Amount Direct Debits) on their bank account to pay everything from credit cards, council tax, insuance policies, etc., I can see very little difference. VADDs have been in existence for more than 40 years and work well. They are not very difficult to set up.
14 Nov 2023 09:09 Read comment
I was taught never to put all of my eggs into one basket. The reason that I use multiple financial institutions is to safeguard my money. If one gets into trouble, I still have access to funds elsewhere. What juristiction would X Bank fall under? If US, then I would definitely not bank with it.
13 Nov 2023 13:57 Read comment
Having spent 17 years as a Coutts customer and one year with HSBC Premium (which was a disaster), I moved to Nationwide Building Society and have not looked back. They are excellent. Who needs a neobank?
08 Nov 2023 09:30 Read comment
Why is the bank not named?
07 Nov 2023 12:50 Read comment
Nowhere in this article is the bank named.
06 Nov 2023 10:20 Read comment
But they have still managed to close two of my local branches - Whetsone & Southgate. In addition, the Moorgate Branch, which is my work branch, is closed on Mondays & Thursdays. Yes, they are doing better than most of the high street banks, but I am not impressed by the PR.
09 Oct 2023 16:47 Read comment
The last paragraph is the key. If banks charge ahead with instant payments without Confirmation of Payee (CoP) fraud is going to excalate at an alarming rate.
02 Oct 2023 08:48 Read comment
Time for hackers to target Russian Banks
20 Jun 2023 23:52 Read comment
Have not written a cheque in 10 years. Cash, debit card & credit cards are all I need. All utility bills are paid by direct debit.
08 Jun 2023 09:38 Read comment
The one ting not to do is put money into a pension fund. My pot, which is £105,000, increased in value by £100 last year, after charges. The same sum in an ISA or even a simple savings account, would earn 3-4%. The killer is charges.
06 Jun 2023 09:18 Read comment
Gilbert SoueidyManaging Director at Fintrax
David BaxterManaging Director at T-Scape
Ben BradleyManaging Director at Macon Raine
Prateek SaxenaManaging Director at Appinventiv
David JoyceManaging Director at KIngsbrook Consulting Ltd.
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