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Is this the end of 'free' banking and who is winning the current account switching battle?

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Manage episode 275827176 series 98838
Content provided by This is Money. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by This is Money or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Murmurs from HSBC HQ this week warned that an overhaul of its business model could leave customers paying a monthly fee for their current accounts.
This week, Simon Lambert, Lee Boyce and Georgie Frost ask whether this is really a possibility, if banking actually is free anyway and what happens next.
We also look at who is winning the battle of current account switchers and whether people are just too loyal to their bank.
This weekend marks the end of the furlough scheme, replaced by something new – while other financial support is also changing, including free overdrafts and mortgage payment holidays.
What impact did the second wave fear and upcoming US election have on the stock market this week?
Bitcoin has seen a surge in price this week, what has behind its rise to the highest level since the crazy end of 2017?
And boilers – one reader has been told that their 28 year model is too ancient to service. Is this a fair call?
  continue reading

501 episodes

Artwork
iconShare
 
Manage episode 275827176 series 98838
Content provided by This is Money. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by This is Money or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Murmurs from HSBC HQ this week warned that an overhaul of its business model could leave customers paying a monthly fee for their current accounts.
This week, Simon Lambert, Lee Boyce and Georgie Frost ask whether this is really a possibility, if banking actually is free anyway and what happens next.
We also look at who is winning the battle of current account switchers and whether people are just too loyal to their bank.
This weekend marks the end of the furlough scheme, replaced by something new – while other financial support is also changing, including free overdrafts and mortgage payment holidays.
What impact did the second wave fear and upcoming US election have on the stock market this week?
Bitcoin has seen a surge in price this week, what has behind its rise to the highest level since the crazy end of 2017?
And boilers – one reader has been told that their 28 year model is too ancient to service. Is this a fair call?
  continue reading

501 episodes

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