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Bank Accounts Latest News Online banking boom to continue
Bank Accounts Latest News Online banking boom to continue Online banking boom to continue
Date of Publication: Friday, 06 January 2006 12:00
One in five Britons (18%) did most of their banking online
in 2005, according to a new report from Lloyds TSB Internet banking. And
the boom is set to continue. The findings also show that 20% of the population
have used the web more often this year to manage their money.
Young people aged 25-34 are most likely to do their banking on the Internet (27%), but 22% of those aged 35-44 also use the web to organise their finances as do 20% of those aged 45-54. Men are slightly more inclined to use the web (20%) than women (15%).
Despite the growing popularity of Internet banking many people still aren't aware of all the financial tasks they can do online. A fifth (23%) didn't know they could check their balance on the web, while 28% didn't realise they could go online to pay bills.
A similar number (29%) didn't know they could use online banking to search for statements, while 34% weren't aware they could also transfer money or manage direct debits.
Although 35% indicated fears over security as being the reason they didn't bank online, the vast majority of those surveyed (65%) had no such fears and felt Internet banking was safe.
Friday, 06 January 2006 12:00
Top 5 Current Accounts
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Provider |
Min Bal |
O/D Rate |
O/D Buffer |
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0%
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£1
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£100
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0%
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£1
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No Offer
N/A
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No Offer
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3%
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£500
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No Offer
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No Offer
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0%
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£1
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No Offer
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£100
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0%
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£1
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No Offer
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£100
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Natwest Select
- Free day-to-day banking without subscription charges
- Overdraft available subject to eligibility, giving your finances some breathing space
- Chequebook available subject to eligibility; handy when cash or cards aren't convenient
- Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines
Barclays Bank Account
- Create your own personalised Current Account with the new Barclays Features Store - Customise your account with a range of Packs that cover gadgets, home appliances, travel and more. Simply add the Features that you want and leave out the ones that you don't. Terms, conditions and exclusions apply - read the policy documents so you know whats covered and whats not.
- Free Text Alerts to help manage your money
- Personalise your debit card for free with your favourite photo (image guidelines apply)
- Contactless debit card (subject to status) allows you to make fast and secure payments for items that are priced £20 or less.
- Online, Telephone, Mobile and Branch
- No minimum funding required
- Barclays Pingit - the quick and easy way to send or receive money with just your mobile
- Free switching service available
Santander 123 Current Account
- The New 123 Current Account pays cashback on household direct debits
- 1% cashback on water and council tax
- 2% cashback on electricity and gas
- 3% cashback on mobile, home phone, broadband and paid for TV packages
- New 123 Current Account pays also pays in-credit interest
- 1% AER on the entire balance, once the customer’s balance is £1,000 or over
- 2% AER on the entire balance, once the customer’s balance is £2,000 or over
- 3% AER on the entire balance, once the customer’s balance is £3,000 or over (up to £20,000)
- You are required to pay £2 a month (equates to 6p per day)
- Your overdraft fee will be 19.9% EAR plus an unauthorised fee of £1 per day.
- Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
- Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
- You must setup a minimum of 2 active direct debits
- You must deposit at least £500 per month
- This account is open to NEW and EXISTING Santander customers aged 18 and above (must be UK resident)
RBS Select
- Free everyday banking - no monthly subscription charges.
- No arrangement or renewal fees - on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
- Save on your mortgage - use your Interest Paying Current Account balance to save money with our Offset Service.
- Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.
- Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. (Except for short periods of essential maintenance.)
- Overseas money - get money in local currency at cash machines and buy goods wherever you see the logo shown on your card.
- Statements - monthly statements list all transactions and your current balance. You can also get mini-statements from any cash machine.
Natwest Select Platinum Current Account
- Pay £16.00 per month and get the following benefits:
- Green Flag car breakdown cover - even on your driveway
- Mobile phone insurance – including all smartphones
- Annual worldwide travel insurance - Members and their partners aged 70 years and over must pay an additional annual premium of £50
- Travel benefits – discounts on holidays, flights and hotels
Nationwide Current Account
- VISA debit card with every account
- Free travel insurance: multi-trip European cover worth up to £70* (conditions apply)
- Manage your account online with an excellent internet banking service.
- Three-month interest-free overdraft when you switch to FlexAccount
- Free day to day banking
- Voted Best Overall Online Provider 2009 by Your Money
Nationwide FlexPlus Current Account
- £10 per month gets you the following benefits:
- Get 3.00% variable on balances up to £2,500 (no interest for balances £2.5k+)
- 3 month Fee Free overdraft
- Commission Free Cash Withdrawals Abroad
- VISA debit card with every account
- Travel Insurance - Worldwide travel insurance, including winter sports, golf, business and wedding cover for you and your family.
- Mobile Phone Insurance - Worldwide cover if your phone's lost, stolen, or damaged.
- Breakdown Cover - UK & European breakdown cover for you in any private car and also anyone driving your car with your permission.
- Extended Warranty - Get an extra 12 months warranty for eligible household electrical goods.
- Identity Theft - Get help and support if your personal data's compromised or your cards are lost or stolen.
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