4m Brits now using fee-free basic bank accounts

December 12, 2016 | Suzie Neuwirth

FOUR million customers are now using fee-free basic bank accounts, following a government initiative to help Brits with bad credit scores.

The UK’s nine biggest retail banks are providing the no-frills, no-overdraft accounts, which mean consumers who might have … Read More

Government referral scheme faces competition from NatWest

November 1, 2016 | Staff

THE THREE aggregator platforms chosen for the government’s bank referral scheme will have competition in sourcing alternative finance for small businesses, as NatWest’s own referral initiative enters its full launch phase.

The high street lender, which is owned by … Read More

New referral scheme gives P2P lenders access to more borrowers

November 1, 2016 | Staff

PEER-TO-PEER finance platforms will have access to thousands more businesses seeking loans, thanks to a new bank referral scheme that launches today.

Under the government initiative, nine of the UK’s biggest banks will pass on the details of small businesses … Read More