Online banking facilities have the potential to make our financial lives much easier, letting us conduct our financial affairs at a time that suits us rather than having to fit in with the opening hours of your bank branch.
It is now possible to pay bills, move money between accounts, set up direct debits and standing orders, and even app... Read more
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As a result of this situation the Bank of England has stepped up assurance over the guarantee of savings of Northern Rock customers, as well as the savings of customers with other banks that fall into a similar situation. However, it seems that these assurances have done nothing for consumer confidence in banking, with over fifty percent stating that they no longer trust high street banks. The survey revealed that of the 2484 people interviewed only 46% now trust high street banks. Building societies fared a little better, with 48% expressing confidence in building societies. Online banking has also taken a knock, with experts stating that reduced access to online bank accounts by Northern Rock customers also affecting this area of banking. Only 25% of consumers now trust online banking according to the survey results. One industry professional stated that consumer confidence in banking and finance was already fairly low, and added that the recent turmoil with Northern Rock has contributed to this lack of confidence. It is not just the banking industry that has taken a knock, however, according to professionals. Lenders across the whole financial sector have been affected by lower levels of consumer confidence. It is thought that this could be as the result of problems throughout the whole of the financial sector, which has stemmed from the credit crunch sparked in the sub-prime sector in the Unites States, which has resulted in global repercussions.
If you've been keeping an eye on the media over the last few months, especially the parts of it covering personal finance, you can't fail to have noticed the huge row over bank charges. Stories abound of customers reclaiming tho... Contrary to what most offshore service providers will tell you, opening an offshore bank account is not the path to instant wealth and riches, although it might get you there a little quicker. In this article I will attempt to s... It's always prudent to save for a rainy day, and many people with spare cash available prefer the security of placing it in a savings account to the more risky but potentially more profitable choice of other investments such as ... It would seem that the computer is becoming a bigger and bigger part of our lives each and every day. There's good reason for that perception... it's true. One specific area that is becoming incredibly popular is online banking....
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