Money and Debt

UK bodies that regulate the banks, building societies, credit unions, insurers and major investment firms:

The Money Advice Service offers free financial advice to members of the public.

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Banking

DIFFERENT TYPES OF BANK

There are a number of different types of bank, and many banks incorporate several functions at the same time. Here we set out definitions of ...

Banking

BASIC BANK ACCOUNTS

A Basic Bank Account allows you to manage day-to-day money and will usually provide you with a bank card but will not let you become ...

Banking

CURRENT ACCOUNTS

A Current Account helps you manage money going in and out on a day-to-day basis. This type of account usually offers an overdraft facility but ...

Banking

OPENING A BANK ACCOUNT

Opening an account with a bank or building society is a relatively simple process, but you will usually be asked for proof of identity and ...

Banking

MANAGING YOUR BANK ACCOUNT

When you open a new bank account, your bank or building society will give you information and details about how best to manage your finances. ...

Banking

SWITCHING YOUR CURRENT ACCOUNT

Banks and building societies are actively competing to attract new customers with a range of incentives. Whether you have a big bank balance or an ...

Banking

PAYING MONEY IN

All accounts will allow you to pay in cash and cheques that are made payable to you. Most will also be able to take electronic ...

Banking

PAYING MONEY OUT

There are many ways to pay money out of your bank account - you can pay your regular bills by direct transfer or by cheque, ...

Banking

OVERDRAFTS

An overdraft is a way of borrowing money on your current account that your bank or building society may allow so you can to cover ...

Banking

BANKING CARDS

Banking Cards allow you to pay for goods and services and withdraw money with ease. There are a number of different types of card available, ...