Banking institution announces green initiative - Published:20/09/07
Web browsers who have a profile on communal networking portal MySpace have been told they could help deprived children by befriending a financial services providerThe Co-operative store has just announced a novel initiative that will see 20p donated to The Children's civilization every time a web browser adds the banking institution to their list of friendsThese donations will be made until the banking institution hits 10,000 friendship needs - meaning a total of £2,000 could be raised for the brood's support organisationDavid Newman, advertising director at The Co-operative Bank, explained how the move was in keeping with its corporate social responsibility aims"The donation to The Children's Society for novel 'green' friends ensures that we continue our ethos of being 'high-quality with cash '"Meanwhile, visitors to the banking institution's profile will be invited to explore a range of emerald features onsite such as a CO2 calendar and a regular type of weather change pollLast year, Co-operative Insurance Society announced the open of a new financing manufactured goods that it claimed was the first green.
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Banking Institution Announces Green Initiative >>
banks increasing charges - Published:16/01/07
Banks and structure societies have increased charges by up to 20 per cent on average in the history three yearsAccording to a new account released by Defaqto, average penalties for bounced cheques, unpaid standing instructions or direct debits are now more than £30 compared to around £27 in 2003The group believes that monetary providers will move to charging accounts for all clientele and could also introduce fees for clientele who use their accounts a lotDavid Black, Defaqto's head of banking and author of the report, said: "There are significant management costs involved in providing a current explanation service and the providers must not only cover these costs but also provide a edge for profit"Someone has to pay for the service, and in the case of accounts where banks do not accuse a fee, it is those customers who go in debt and/or incur default charges," he additionalTerms of use Advertising capital Product guides Press releases About us.
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HBSC 'reviews' customer accounts - Published:15/11/06
HSBC is reviewing nearly 300,000 customer current financial records to assess whether or not they should be closedIt wanted to be sure the accounts were being second-hand for the reasons given by the customer at the occasion of openingFollowing the review the bank has written to 27,000 clientele telling them to take their business elsewhere within 30 daysThe issue came to light when operational Lunch viewer Jeremy Khan contacted the BBC after his bank told him his explanation would be closedMr Khan supposed that he was given no reason for the closure of his account, and feels he has been absent in the darkHe received a letter telling him his explanation with HSBC was being stopped up in 30 days It asked him to slash up his cards and return his cheque bookHe contacted the bank but could get no response, other than that a review had been done of the general operation of his account"I feel like I've done something incorrect and I don't know what it is," Mr Khan told BBC operational LunchUnder the UK banking code, banks have the right to close customers' financial records just as long as they give 30 existence notice in writing"Banks are under no obligation to give the client the client a reason Usually, the customer will be told, where possible, why the explanation has been closed," Paul Ross, British Bankers' Association spokesman, supposedHSBC has 85 million current explanation holders in the UK, and told the BBC they are reviewing 270,000 accounts which are being "operated in a manner contrary to the details known by the customer""In 90% of cases, our reconsider identifies understandable reasons why the disparity has arisen and no action is engaged," the bank additionalBank customers who do not have a history of bad debt should not have their credit rating pretentious by an explanation closureHowever, it is recommended by experts to talk frequently to a bank, and inform them of any changes in situationUnhappy customers should go through the bank's complaints process to resolve any issues, with the financial ombudsman service.
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Hbsc 'Reviews' Customer Accounts >>
