Bank customers are being forced to wait up to nine days for pending payments. Research carried out by Money Mail has discovered that millions of routine transactions such as cashing cheques, transfers before customers and pending payments are taking days to process. The Chancellor of the Exchequer George Osborne has raised awareness and concern about the delay promising to banish waiting times with a new improved system. Currently if you pay a cheque into an account on a Monday - it will not be your money until the following Tuesday and if you pay using card in smaller stores transactions will not appear or funds will not leave your account read more »

Lloyds TSB is removing its fees on international money transfers, the first high street bank to do so. All existing and new holders of Lloyds Premier International Accounts will no longer be charged when moving money to an overseas account whether they’re using the online, telephone and postal service. “Removing fees for international money transfers is a logical, and we hope popular, step to take as we try to build the market-leading banking service for expats,” said Russell Galley, Managing Director at Lloyds TSB International.                  read more »