Visit your local branch as soon as you can. If you can't get there, or it is closed, call your bank and ask for its guidance on what to do. If the bank’s phone services are also down or busy, try contacting your bank on social media to ask what to do. But remember: don’t ever share your account details over social media. Try to do this on the day the problem arises so you can show you made every attempt to solve the issue. If you still can't access your money, begin gathering evidence for a complaint. … [Read more...] about Is TSB down? How to check if the website or banking app is working
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She added: "We now hope the Payment Systems Regulator [the economic regulator for payments] will do everything in its power to support the industry to ensure a long-term funding solution can be introduced, including using its regulatory powers if required." … [Read more...] about Bank transfer fraud victims will be refunded under new rules IF banks sign up
'I was almost ashamed, to be honest, to even pick up food from the food bank because somebody might look at my used Cadillac and be like, 'What is she doing in the food bank line?' But I had to get past those feelings of shame. There's no shame in feeding my children.' … [Read more...] about Thousands of cars line up at San Antonio food bank from before dawn as millions file for unemployment across the country
In contrast with the US economy, where firms borrow on bond markets, lending in Europe is driven by banks. The ECB has found a new way to stimulate the economy by creating a tiered system of interest rates. If banks lend to business, they can now do so with funds from the so-called TLTRO facility that the ECB pays them to borrow from. This subsidy to bank lending has not been enough to prevent a worrying slide towards deflation, but it has worked in ensuring that credit flow has not collapsed. … [Read more...] about The world’s central banks are starting to experiment. But what comes next?
Basic accounts are for people who have experienced serious financial diffiuclty and don't qualify for a standard current account Users can have benefits and wages paid in and set up standing orders and direct debits and can get a debit card - just like a normal account But the accounts won't offer any overdfraft facility, so you won't be able to borrow money with it Because of this, it's important you check your balance regulary, especially if you set up regular payments as you could be charged extra by the company if you fail to make a payment All the major banks are required to offer basic bank accounts by law - and some will let you open a joint account if your partner also qualifies … [Read more...] about Basic bank accounts – how to apply and get accepted