Martin Lewis, founder of moneysavingexpert.com Archant You can get paid to switch your bank account to a new provider for no hassle – so what’s stopping you? Martin Lewis of Moneysavingexpert says a banking price war means it could be worth switching accounts to earn some extra cash before Christmas. Photo: Getty Images/iStockphotoFree cash in time for Christmas.There are laws against bribery. Luckily they don’t apply to banks wanting to bung you free money in return for your custom. There’s a banking price war on which means you can earn up to £200 for switching account. So take a bribe, and get some extra cash in the kitty before Christmas. And don’t just do this for the money. I get more complaints about banks than any other sector apart from energy, yet people loyally stick with the perpetrators for years. If that’s you, start switching. Many of the accounts that pay have decent service too.Switching is easy, they do it all for you. Before … [Read more...] about Martin Lewis of MoneySavingExpert: Get some extra cash in the Christmas kitty by switching bank accounts
Opening new bank account deals
PUBLISHED: 09:58 11 September 2018 | UPDATED: 09:58 11 September 2018 Judy Rimmer Students may feel nervous when heading off to university, but parents can help to reassure them. Picture: GETTY IMAGES/ISTOCKPHOTO Png-Studio So your son or daughter is flying the nest and heading off to uni. What do you need to help them with before they go, and what should they take with them and leave behind? Student life can put on the pressure. GETTY IMAGES/WAVEBREAK MEDIAIt can be quite a wrench for parents when, after seeing your child through every stage of education from nursery onwards, you suddenly find them heading off to a university, maybe in a different area of the country. As a parent, you can’t just switch off worrying about them - and you will want to do everything you can to help them before they set off. Here is our checklist of important things to do before they leave home.Build independenceOne of the most essential and difficult things is for both … [Read more...] about Son or daughter off to university? Parents’ guide to help new students prepare
By Rishika Dugyala and Anna Irrera NEW YORK (Reuters) - Free Wi-Fi, discounted cappuccinos, artwork, and a dancing robot are among the features banks across the United States are touting to convince customers that even in an era of smartphones it is still worth it to visit a bank branch. Banks are in a bind - branches are costly and keep losing traffic as phone apps take over day-to-day banking, but they need them because that is where customers still get advice, resolve tricky account issues or deal with cash and checks. To square that circle banks have been trying to drum up more branch business with location upgrades and eye-catching features. JPMorgan Chase & Co <JPM.N> branches, for example, feature local art, Bank of America Corp <BAC.N> highlights new technologies at its "technology bars," and at HSBC Holdings PLC's <HSBA.L> Fifth Avenue flagship New York branch a humanoid robot Pepper greets visitors with a wave and a wiggle. However, wooing more customers … [Read more...] about Banks turn to espressos, dancing robots to help keep U.S. branches alive
The U.S. Treasury Department on Friday sanctioned a Russian bank for a weapons of mass destruction-related transaction connected to North Korea. The Office of Foreign Assets Control (OFAC) announced one new sanction “targets a Russian bank for knowingly facilitating a significant transaction on behalf of an individual designated for weapons of mass destruction-related activities in connection with North Korea.”One individual and two entities were also named for “facilitating North Korean illicit financial activity.” “This action reinforces the United States’ ongoing commitments to upholding the decisions of the UN Security Council (UNSC),” the announcement made clear. “The United States will continue to enforce UN and U.S. sanctions and shut down illicit revenue streams to North Korea. Our sanctions will remain in place until we have achieved the final, fully-verified denuclearization of North Korea,” said Treasury Secretary … [Read more...] about U.S. Sanctions Russian Bank for North Korean Activity Violating U.N.
Germany is a banking powerhouse, with established names like Deutsche Bank, Commerzbank, KfW and DZ Bank all calling Germany home. With these big names, though, come a lot of differences in the banking structure. So how do you know where to start? We walk you through the ins and outs of making your way through the German banking system. Know the lingo The first step to banking is knowing the lingo. Geldautomat, for example, is extremely important: ATM. Photo: DPA Before you embark on navigating the complicated waters of banking in Germany, it’s important to know the lingo. Here are some of the important German-specific words that you will need to know before you set foot inside a German bank. EC-Karte – This is an EC card, essentially the same as a debit card, that is the most accepted form of credit payment by most German retailers. IBAN and BIC- Much like in other places in Europe, your … [Read more...] about What to know about starting your personal banking in Germany