A new fee-free template for basic UK bank accounts has been revealed by the Treasury after a deal with major banks. Basic accounts do not offer overdrafts or cheque books, and may be given to ...

The 1.5m Britons who are currently shut out of the banking system will get a new lifeline in the New Year when a group of big banks offer a set of basic accounts with no frills, but no fees either.

Last year, the European Commission announced a 'non-binding recommendation' that people across Europe should be given mandatory access to basic bank accounts. Acting on this, the European ...

Banks could be forced by the regulator to introduce charges for basic current accounts in a move aimed at halting the practice of subsidising ‘free’ banking through the use of excessive ...