Monzo's Undo Payments Stops £323M in Accidental Transfers
Monzo's innovative Undo Payments feature has prevented over £323 million from mistakenly leaving customer accounts since May 2025, with users reversing 1.6 million transfers.
Monzo's innovative Undo Payments feature has prevented over £323 million from mistakenly leaving customer accounts since May 2025, with users reversing 1.6 million transfers.
Nationwide Building Society issues a critical warning to Birmingham customers about the final opportunity to qualify for the £100 Fairer Share payment, with eligibility hinging on account activity before March 31.
Major changes to contactless payment rules come into force this Thursday, allowing banks to set their own limits and potentially enabling larger tap-and-go purchases.
TSB issues urgent warning about a cruel wave of online 'friendship fraud' targeting older and vulnerable individuals, with average losses reaching £3,000 per victim.
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RecommendedHMRC confirms state pensioners relying solely on DWP income won't pay tax despite Triple Lock pushing pensions near the £12,570 allowance threshold, while others with additional income remain at risk.
The UK tax authority is investigating four million online traders as new data reveals a massive surge in reported sales. Platforms like eBay and Vinted must now share seller information under strict new reporting rules.
A major technical glitch on the Companies House website potentially exposed personal data of millions of companies, allowing logged-in users to view and edit other firms' details without authorization.
A planned fuel duty increase in September will be the first rise in 16 years, costing the average household £3,400 over a lifetime, with campaigners urging Chancellor Rachel Reeves to halt the hike.
Major UK banks have increased mortgage rates since early March, pushing average annual costs up by £788. Financial experts warn of continued uncertainty due to global pressures.
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RecommendedThe EuroMillions jackpot has reset to £23 million for tonight's draw following last week's record £181m win. Searches for results are surging as players anticipate the Tuesday evening draw.
British Gas customers in Birmingham will see automatic reductions of around £117 annually from April 1, thanks to government green levy removals. No action is required to benefit.
Hundreds of thousands of BT landline-only customers will see monthly bills increase by £1 starting March 31, 2026, with no call charge hikes for 12 months.
New data reveals UK households face nearly £800 higher annual mortgage payments due to Middle East tensions, with rates hitting highest levels since early 2025.
Banks and lenders have withdrawn nearly 700 mortgage products as the Middle East conflict intensifies, causing fixed rates to surge and reducing borrower options significantly.
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RecommendedThe £100 contactless payment limit on UK credit and debit cards is being removed from Thursday, March 19, allowing banks to set their own limits. Financial experts warn this increases fraud risks and potential overspending.
Following the Bank of England's decision to maintain the base rate at 3.75%, experts from Purplebricks recommend a five-year fixed mortgage for stability, highlighting pros and cons of both options in uncertain economic times.
HMRC is preparing a significant enforcement action after receiving detailed income reports on nearly 4 million online sellers in 2025, marking a 272% increase from the previous year with total earnings reaching £55 billion.
A Citizens Advice survey finds half of UK energy customers with suppliers scoring under 3/5 stars for service, highlighting urgent need for improvement amid cost-of-living concerns.
Energy regulator Ofgem warns that many households may have built up credit on their energy accounts without realising it, and they can request refunds at any time. This often happens due to overestimated usage or fixed direct debit payments.
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RecommendedA digital-first UK bank is providing businesses with a high-interest account that could earn up to £10,000 annually on idle cash, plus cashback on spending, without locking funds away.
New research reveals major UK banks including Barclays, HSBC, Lloyds, NatWest, and Santander have raised mortgage rates since early March, eliminating sub-4% fixed deals amid market uncertainty.
HMRC's Making Tax Digital system becomes mandatory for sole traders and landlords earning over £50,000 from April 6, requiring quarterly digital updates and new software compliance.
FTSE 250 bank Close Brothers announces 600 job cuts, representing 20% of its workforce, as it faces £300m in provisions for motor finance mis-selling scandal.
Nationwide Building Society warns savers about zero or low-interest accounts, urging customers to check rates. Experts highlight inflation concerns and better alternatives.
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RecommendedMajor lender Close Brothers announces plans to eliminate approximately 600 positions across the UK and Ireland over the next 18 months as part of a strategic effort to reduce annual costs by £85 million.
Lloyds Bank introduces a pioneering 6-month sustainable home finance scholarship for mortgage brokers in Birmingham, training 400 professionals to lead the green mortgage market.
Santander has issued an urgent email warning to customers aged 50 to 80 about life insurance risks, urging immediate action to protect families and mortgages.
Nationwide has increased mortgage rates across multiple products, following similar moves by Santander and NatWest. Experts warn of ongoing volatility and advise borrowers to act quickly.
British expats and tourists returning from Dubai due to Middle East conflict risk huge UK tax bills under strict HMRC 183-day residency rules, despite exceptional circumstances guidance.
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RecommendedOctopus Energy has alerted millions of UK customers about potential energy price increases due to the Iran conflict, while noting immediate bill reductions in April.