From the provider's point of view the hope is that basic bank account customers will migrate to more mainstream – and profitable – products. Basic bank accounts don't offer overdrafts but it ...

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 ...

More than four million banking customers benefitted from fee-free basic accounts during the opening six months of 2016, according to Government figures. But if you've a basic account with Lloyds or ...

People who have been shut out of the banking system because of a poor credit history are to be offered basic accounts that come without punishing penalty fees by the end of next year. The products ...