We’ve all heard of them, seen their florescent cards, admired their ads on the tube: App-Based Banks. They don’t have branches, if you need to speak to customer services, just open a chat on the app. These banks can be fantastic. They give you live spending notifications, round up your purchases to save up, and help you create a budget. Live Notifications One of my biggest issues with banking, while I was at University, was…
With the rise in ‘new-fashioned’ banking, switching banks can be quite tempting. There are plenty of incentives out there – from interest rates and overdrafts, to cold hard cash. But should you do it? Let’s take a look at the advantages and disadvantages. Advantages Cash Incentives Cash incentives are one of the best ways for banks to pull people in – they will often require you to perform a full switch (not just open…
