Almost a month ago we have witnessed on of the biggest scandals in the banking industry. The gigantic magnitude of the scandal should not be seen from financial perspective. Instead, its magnitude should be seen in terms of number of customers who became victims because of inadequate sales practices. This
Scandals in the banking sector are not rare, but the newest scandal attracted much attention. The latest scandal with phony accounts has shown the pressure banks and bank employees are having in order to meet their sales goals. In addition, the Wells Fargo scandal is showing the vulnerability of bank
One common belief is that switching a bank account will negatively affect your credit score. This is both, true and false at the same time. The effect from closing a bank account on your credit score may or may not be negative. It may not affect your credit score because you
The process for switching banks in UK is relatively easy as well as fast. The time for switching banks have been drastically reduced, and now, thanks to the account switch service, you are able to change your bank in just seven working days. Before the introduction of Current Account Switching
The subject of switching banks is something that every one of us is planning to do at some point. Whether we will do it or not depends on different factors (personal or external factor, since, there are switching barriers that could force us to stay with the current bank).
While bank switching promotions offered by UK banks are more or less similar, there could be a certain difference in the size and type of bank switching offers made by banks in USA. The bank offers for switching in USA could be in the form of cash bonus, cash back