Tag Archives: account

Anyone With Your Aadhaar Number Can See Which Bank You Have an Account In

UIDAI’s SMS-based service shows banks with which Aadhaar holders have accounts in to anyone HIGHLIGHTS The SMS-based service does not require an OTP UIDAI does not inform Aadhaar holders their details were checked either Does not seem to work for all banks though UIDAI, the authority that issues Aadhaar, allows people to check online if their bank account has been linked ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier to consolidate all ... Read More »

Current account and a coffee? It’s the bank with a barista

A bank with a barista: the newly refurbished Lloyds branch in Market Street, Manchester. Photograph: Jon Super/UNP It looks like a US tech giant’s office, complete with its own coffee shop, chic “breakout pods”, the latest biometric technology and an events programme. But it’s actually a new Lloyds Bank branch in Manchester. Welcome to the new world of the bank ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier to consolidate all ... Read More »

HDFC Bank cuts savings account interest rate by 50 bps: As rates fall, it’s time you shift to liquid funds

HDFC Bank on Thursday announced slashing interest rate on savings accounts starting this Saturday, joining a spate of banks who underwent the similar exercise in recent weeks. According to the bank, customers who maintain a savings bank account balance of Rs 50 lakh and above will continue to earn interest rate at 4 percent per annum. Similarly, customers having a ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakes that may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier ... Read More »

SBI Savings Bank Account: How To Avoid Fine Under Minimum Balance Rules

Do you have an SBI account? SBI or State Bank of India savings bank account customers are required to maintain a monthly average balance. Failure to maintain an average balance as prescribed by India’s largest bank SBI will attract a penalty, which varies depending upon where the customer holds the account. State Bank of India (SBI) has divided the penalty ... Read More »

Lloyds Banking Group fails to meet ‘fee-free’ basic account guidelines

Lloyds Banking Group is failing to meet “fee-free” guidelines for millions of its basic bank accounts, which are typically held by people on low incomes. Data published by the Treasury showed more than 3.6 million of the group’s customers were at risk of running up bank charges because their accounts did not conform to a voluntary agreement reached between the ... Read More »

This bank account switching report is a real hassle

Considering the historic apathy of the British public when it comes to switching their bank accounts, it seems apt that those tasked with writing a competition report on the topic don’t seem in a terrible hurry to conclude. But on Tuesday the delayed investigation by the Competition and Markets Authority into retail banking reaches a critical phase with the publication ... Read More »