CHEQUES: MARKET RESEARCH July 2017
|
|
- Arleen Willis
- 6 years ago
- Views:
Transcription
1 CHEQUES: MARKET RESEARCH 2017 July 2017
2 INTRODUCTION Market research conducted annually in April Consumer research C&CCC 11 th annual survey of consumers writing and receiving cheques by Kantar TNS 2,000 consumers surveyed face-to-face* Business research C&CCC 10th annual survey of business users of cheques by BDRC 1,000 businesses surveyed by telephone* Charity research C&CCC 2 nd annual survey of charities writing and receiving cheques by Ipsos MORI 1,000 charities surveyed by telephone* *For more information on the base data for each question, please contact info@chequeandcredit.co.uk 2
3 CONSUMER USE OF CHEQUES
4 Research conducted by Kantar TNS USE OF CHEQUES 91% of those questioned have a personal account with a bank or building society 34% of UK account holders make payments by cheque 38% of UK account holders received payments by cheque 55% of UK account holders said that they had either made or received a payment by cheque in the past year 4
5 Research conducted by Kantar TNS CONSUMER CHEQUE USE 70% 60% 50% 40% 30% 59% 55% 52% 50% 49% 46% 43% 44% 41% 40% 41% 38% 39% 37% 38% 34% 20% 10% 0% Proportion of people writing cheques Proportion of people receiving cheques % of account holders writing and receiving cheques 5
6 Research conducted by Kantar TNS PROPORTIONS WRITING AND NOT WRITING CHEQUES, BY AGE 0% 20% 40% 60% 80% 100% Proportion of people who write cheques by age group Proportion of people who do not write cheques by age group % of account holders writing and receiving cheques 6
7 Research conducted by Kantar TNS WHAT ARE CHEQUES WRITTEN FOR? Pay bill by post 23% Retail 2% payment Service in the home 20% 7% 10% Bill at a counter Personal services Pay a club or society 15% Other by post (e.g., gift) 13% 10% Donation to charity Pay friend / individual 10% Child s school or leisure 11% % of account holders writing cheques and who used a cheque for these purposes in the past year 7
8 Research conducted by Kantar TNS CONVENIENT ALTERNATIVES TO CHEQUES PURPOSE Purchase in a shop not accepting credit or debit cards YES 33% CONVENIENT ALTERNATIVE Cash % OF YES PEOPLE 100% Money into savings account, investment 66% Internet Banking Direct Debit 72% Paying by post for an internet purchase 71% PayPal Credit Card 67% Bill at a counter 47% Direct Debit Debit Card Internet Banking 64% Pay a club Internet banking 47% or society Cash 51% % of account holders writing cheques for each purpose who think there is a convenient alternative to a cheque Other alternatives including Apple Pay and Android Pay were not picked. 8
9 Research conducted by Kantar TNS CONVENIENT ALTERNATIVES TO CHEQUES PURPOSE YES CONVENIENT ALTERNATIVE % OF YES PEOPLE Personal Debit Card 63% 48% services Cash Childcare, children s school, leisure activities 59% Internet Banking PayPal 43% Donation Direct Debit 53% To charity Internet Banking 35% Bill by post 52% Internet Banking Direct Debit 32% % of account holders writing cheques for each purpose who think there is a convenient alternative to a cheque Other alternatives including Apple Pay and Android Pay were not picked. 9
10 Research conducted by Kantar TNS CHEQUES RECEIVED BY CONSUMERS Method used to deposit cheques into bank account Over a bank branch counter 71% ATM deposit 21% Over a counter at the Post Office 5% Other 3% Mobile cheque deposit 1% 10
11 CHANGES IN CHEQUE WRITING OVER THE LAST THREE YEARS 100% 80% 20% 31% Research conducted by Kantar TNS 23% 60% 20% 19% 19% 40% 20% 53% 46% 53% 0% Write many fewer Write slightly fewer No change Write slightly more Write many more Don t know % of account holders writing cheques 11
12 Research conducted by Kantar TNS CHANGES IN CHEQUE WRITING OVER THE NEXT THREE YEARS 2% 1% 37% 39% Write many fewer Write slightly fewer No change Write slightly more Write many more 18% % of account holders writing cheques 12
13 Research conducted by Kantar TNS PROBLEMS IF UNABLE TO WRITE CHEQUES 100% 90% 15% 14% 14% 80% 70% 60% 40% 43% 43% Don't know 50% Major Problems 40% Minor Problems No Problems 30% 20% 42% 43% 41% 10% 0% Consumers still worried 57% would have problems if unable to write cheques % of account holders writing cheques 13
14 PROPORTIONS RECEIVING AND NOT RECEIVING CHEQUES, BY AGE Research conducted by Kantar TNS 0% 20% 40% 60% 80% 100% % 65% % 66% % 64% Receiving Not receiving % 59% % 59% % 58% Proportions writing and receiving cheques by age group; excludes don t knows 14
15 Research conducted by Kantar TNS WHAT ARE CHEQUES RECEIVED FOR? Gifts 38% Insurance settlement 7% Refunds 25% Expenses 6% Wages or salary 10% Selling something 5% Dividends 10% Benefit payments 2% Gifts and refunds are most common purposes for receiving cheques % of account holders who received a cheque in the past year 15
16 Research conducted by Kantar TNS ATTITUDES TOWARDS CHEQUES I'm wary of accepting cheques from people I don't know because I can't be sure they won't bounce 31% 23% 28% 9% 6% 0% 20% 40% 60% 80% 100% Agree strongly Agree slightly Neither agree nor disagree Disagree slightly Disagree strongly Don't know 16
17 Research conducted by Kantar TNS CHEQUE IMAGING 15% of consumers are aware that the Banking industry is planning to introduce cheque imaging, which will make the cheque clearing process faster - similar to 2016 with 13% My Bank 29% Where did you hear about cheque imaging? Television Newspaper Online 15% 15% 17% Friend/Family 10% Other Radio Not Sure 6% 7% 8% Magazine 2% 17
18 Research conducted by Kantar TNS CHEQUE IMAGING MOBILE 12% of consumers are aware that the Banking industry is planning to introduce cheque imaging, which MAY allow people to pay in cheques by taking IMAGES via THEIR mobile banking app similar to 2016 with 11% My Bank 22% Where did you hear about cheque imaging on your mobile? Television Newspaper Online Friend/Family 16% 16% 16% 16% Other 10% Radio 7% Not Sure 5% Magazine 3% 18
19 Research conducted by Kantar TNS CHEQUE IMAGING AWARENESS Awareness of cheque imaging Change since Q Awareness of a mobile app Change since Q Q Q Q Q Q Q Q Q Q Q % 5% 10% 15% 20% 25% Consumer 0% 5% 10% 15% 20% Consumer 19
20 Research conducted by Kantar TNS KNOWLEDGE OF CHEQUE PROPOSITION AMONG CHEQUE RECIPIENTS C&CCC has surveyed knowledge of the cheque proposition among cheque recipients since % of cheque recipients in 2017 correctly identify T+2 as when value is received Withdrawal is the best understood proposition in % of cheque recipients think withdrawal happens on T+4 Fate is the least well understood. 2% of cheque recipients correctly identify T+6 in
21 BUSINESS USE OF CHEQUES
22 Research conducted by BDRC CHEQUES WRITTEN BY BUSINESSES 57% of UK businesses said that they had made payments by cheque in the past year 40% of UK businesses said that they had made payments by cheque in the past month Average number of cheques written per month by businesses: Market Research Year 22
23 Research conducted by BDRC CHEQUES RECEIVED BY BUSINESSES 53% of UK businesses said that they had received payments by cheque in the past month Average number of cheques received per month by businesses % of UK businesses said that they had either made or received any payments by cheque in the past month 23
24 Research conducted by BDRC CHEQUES RECEIVED BY BUSINESSES Method used to deposit cheques into the business bank account Over a bank branch counter 76% Over a post office counter 9% Drop off envelope in branch 7% ATM deposit 4% Other 4% Bulk deposit by a courier 2% Bulk deposit 1% Mobile cheque deposit 1% 24
25 Research conducted by BDRC HOW PROPORTION OF PAYMENTS MADE BY CHEQUE CHANGES OVER TIME 100% 6% 6% 80% 28% 38% 60% 40% 20% 32% 22% 12% 10% 19% 23% None No longer use Much smaller Slightly smaller No change Slightly greater Greater 0% Past 3 years Next 3 years 25
26 Research conducted by BDRC WHAT ARE CHEQUES WRITTEN FOR? Pay a trade supplier 72% Other ad-hoc payments to businesses 47% Regular business commitment 33% Refunds to customers 14% Wages & salaries 13% Employee expenses 13% % of businesses who use cheques for each purpose, 2016 Base: All businesses writing at least one cheque in the past month 26
27 Research conducted by BDRC CONVENIENT ALTERNATIVES PURPOSE Pay a trade supplier YES 56% CONVENIENT ALTERNATIVE Bacs Internet % OF YES PEOPLE 89% Other ad-hoc payments to businesses 47% Bacs Internet 86% Regular business commitment 57% Bacs Direct Debit 81% Refunds to customers 47% Bacs Cash 79% Bacs Employee expenses 29% Cash 78% Wages & salaries 41% Bacs 69% % of businesses who believe there is a convenient alternative payment method 27
28 Research conducted by BDRC REASONS WHY BUSINESSES USE CHEQUES Payee request 35% Must send by post 8% Always have used cheques 34% Money leaves account slowly 4% Manage cash flow 28% Cheaper than other methods 4% No payee account details 19% Payee may not cash cheque 2% Control who can pay 11% % of businesses who gave each reason for making payments by cheque 28
29 Research conducted by BDRC PROBLEMS IF UNABLE TO WRITE CHEQUES 100% 80% 16% 18% 26% 60% 40% 53% 45% 48% Don't know Major Problems Minor Problems No Problems 20% 31% 37% 25% 0% /4 of businesses would have problems if unable to write cheques % of businesses with each attitude if unable to write cheques at the current time 29
30 Research conducted by BDRC ATTITUDES TO RECEIVING CHEQUES 100% 90% 80% 22% 70% 60% 20% 50% 40% 30% 46% 20% 10% 0% 6% Prefer and request cheques No preference Do not prefer/request cheques Prefer but do not request cheques Do not prefer but will accept cheques Don't know % of businesses that received cheques in the past month 30
31 Research conducted by BDRC WIDER ATTITUDES TOWARDS CHEQUES 31
32 Research conducted by BDRC CHEQUE IMAGING 20% of businesses are aware that the Banking industry is planning to introduce cheque imaging, which will make the clearing process faster. This is broadly similar to 2016 (21%). My Bank 33% Where did you hear about cheque imaging to make clearing faster? Newspaper Website 14% 18% Not sure 12% Word of Mouth 10% Television 7% Radio 7% Magazine 3% 32
33 Research conducted by BDRC CHEQUE IMAGING MOBILE 11% of businesses are aware that the Banking industry is planning to introduce cheque imaging, which may allow businesses to deposit cheques by taking images via their mobile banking app or using a desktop scanner. This is a significant decrease from 2016 (16%). My Bank 29% Where did you hear about deposit by cheque imaging? Newspaper Website Word of Mouth Not sure 12% 12% 15% 17% Television 7% Radio Social media Magazine 1% 5% 5% 33
34 Research conducted by BDRC CHEQUE IMAGING AWARENESS Awareness of cheque imaging Change since Q Awareness of a mobile app Change since Q Q Q Q Q Q Q Q Q Q Q % 5% 10% 15% 20% 25% 30% Business 0% 5% 10% 15% 20% 25% Business 34
35 Research conducted by BDRC KNOWLEDGE OF 246 PROPOSITION 246 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Value 12% 6% 60% 21% Withdrawal 31% 47% 15% 7% Fate 3% 85% 6% 5% Correct Earlier Later Don't know % of businesses that received cheques in the past month
36 CHARITY USE OF CHEQUES
37 Research conducted by Ipsos MORI USE OF CHEQUES 75% of charities had received a cheque in the past month 65% of charities had made a payment by cheque in the past month 87% of charities who had either made or received a payment by cheque in the past month 77% of charities said they made a payment by cheque in the past year 87% of charities also said they had received a cheque in the past year 37
38 Research conducted by Ipsos MORI CHARITIES MAKING CHEQUE PAYMENTS OVER THE LAST MONTH 100% 80% 4% 12% 60% 18% 41% 18% 9% 40% 28% 32% 56% 20% 35% 30% 30% 0% ,000 10, ,000 More than 100,000 Charity Size (by income) None More than 500 Don't know % of charities who made a cheque payment in the last month by income 38
39 Research conducted by Ipsos MORI WHAT ARE CHEQUES WRITTEN FOR? Pay a supplier 66% Other ad-hoc payments to organisations 62% Expenses to non salaried staff and volunteers 49% Pay beneficiaries or 36% fund projects Regular commitment e.g. rent Employee expenses 35% 25% Refunds to donors or beneficiaries % of charities who use cheques for each purpose, 2017 Base: All charities writing at least one cheque in the past month 17% 39
40 Research conducted by Ipsos MORI CONVENIENT ALTERNATIVES TO CHEQUES Paying beneficiaries or funding projects Paying Expenses, regular wages and commitments salaries for e.g. rent salaried staff Expenses, wages and salaries for non salaried staff and volunteers Refunds to donors or beneficiaries Yes, there is an alternative 39% 61% 55% 49% 51% Bacs Direct Credit 58% 31% 51% 53% 51% Internet Banking 28% 21% 35% 25% 38% Direct Debit 5% 39% 4% 2% 0% Cash 1% 2% 4% 16% 2% % of charities writing cheques for each purpose who think there is a convenient alternative to a cheque Other alternatives including Apple Pay and Android Pay were not picked 40
41 Research conducted by Ipsos MORI REASONS WHY CHARITIES PAY BY CHEQUE Payee request 50% No other method available 38% Control who can pay 50% No payee account details 36% Need clear paper trail 46% Manage cash flow 28% Always have used cheques 44% Money leaves account slowly 15% Must send advice by post 39% Payee may not cash cheque 7% Main reasons why charities make payments by cheque 41
42 Research conducted by Ipsos MORI CHANGES IN CHEQUE WRITING OVER THE LAST AND NEXT THREE YEARS 34% of charities say their cheque usage has not changed in the last three years, and 43% say their cheque usage will not change in the next three years! Will write many more, 1% Will write slightly more, 1% Will write many fewer, 21% Will write slightly fewer, 18% Will have no change, 43% 42
43 Research conducted by Ipsos MORI PROBLEMS IF UNABLE TO WRITE CHEQUES Don t know, 3% No problems, 19% Major problems, 42% Minor problems, 36% Charities are concerned 78% would have problems if unable to write cheques % of charities writing cheques 43
44 Research conducted by Ipsos MORI CHEQUE DONATIONS AS A PROPORTION OF ANNUAL DONATION INCOME 35% 30% 25% 20% 15% 10% 5% 0% None Some, but less than half Around half More than half, but not all Almost all or all Do not receive donations Don't know 53% of charities say they receive donation income by cheque 29% of charities say they receive half or more of their donation income by cheque 44
45 Research conducted by Ipsos MORI ATTITUDES TOWARDS RECEIVING CHEQUES We prefer not to receive cheques and generally try to ask for other payment methods 14% We prefer not to receive cheques, but we don't try to influence the method that is used to pay us money 13% We don't mind how we receive money and don't request payment by any method 57% We prefer to receive money by cheque, but don't try to influence the methods that are used by others to pay us money 6% We prefer to receive money by cheque and usually ask for payment by cheque whenever possible 7% 0% 10% 20% 30% 40% 50% 60% 45
46 Research conducted by Ipsos MORI HOW CHARITIES PAY CHEQUES IN 7% 5% Bank branch counter Post office counter 1% 5% 1% 3% 9% ATM deposit Bulk deposit Bulk deposit by courier Drop off envelope in branch 74% Other Don t know Respondents could select more than one option 46
47 Research conducted by Ipsos MORI CHEQUE IMAGING 30% of charities are aware that the banking industry is planning to introduce cheque imaging, which will make the cheque clearing process faster. Significant increase from 2016 (23%). Via my bank 32% Where did you hear about cheque imaging? Newspaper Don't remember 13% 20% Television 10% Elsewhere online 9% Radio Friend/family 6% 7% Other 4% Colleague Magazine 1% 2% 47
48 Research conducted by Ipsos MORI CHEQUE IMAGING MOBILE 21% of charities are aware that the banking industry is planning to introduce cheque imaging, which MAY allow people to pay in cheques by taking IMAGES via THEIR mobile banking app. This is a significant increase from 2016 (15%). Via my bank 22% Where did you hear about cheque imaging on your mobile? Newspaper Elsewhere online Television 13% 18% 20% Don't remember 10% Radio 6% Friend/family 6% Other 5% Colleague 2% Magazine 1% /memo 1% Social media 1% 48
49 Research conducted by Ipsos MORI CHEQUE IMAGING AWARENESS Awareness of cheque imaging Change since Q Awareness of a mobile app Change since Q Q Q Q Q Q Q Q Q Q Q % 5% 10% 15% 20% 25% 30% 35% Charity 0% 5% 10% 15% 20% 25% Charity 49
50 Research conducted by Ipsos MORI KNOWLEDGE OF CHEQUE PROPOSITION AMONG CHEQUE RECIPIENTS C&CCC has surveyed knowledge of the cheque proposition among charities 12% of cheque recipients in 2017 correctly identify T+2 as when value is received Withdrawal is the best understood proposition in % of cheque recipients think withdrawal happens on T+4 Fate the least well understood. 2% of cheque recipients correctly identify T+6 in
51 SUMMARY OF CHEQUE AWARENESS OVER TIME
52 SUMMARY CHEQUE IMAGE AWARENESS Q Awareness of cheque imaging which will make the clearing process faster - greatest among charities Awareness of cheque imaging which may allow people to pay in cheques through a mobile app greatest amongst charities Charity Charity Consumer Consumer Business Business 0% 5% 10% 15% 20% 25% 30% 35% Cheque Imaging 0% 5% 10% 15% 20% 25% Cheque Imaging - Mobile App 52
53 SUMMARY CHEQUE IMAGE AWARENESS OVER TIME Awareness of cheque imaging Change since Q Awareness of a mobile app Change since Q Q Q Q Q Q Q Q Q Q Q % 5% 10% 15% 20% 25% 30% 35% Business Consumer Charity 0% 5% 10% 15% 20% 25% Business Consumer Charity 53
CHEQUES: MARKET RESEARCH June 2016
CHEQUES: MARKET RESEARCH 2016 June 2016 INTRODUCTION Market research conducted annually Business research C&CCC annual survey of business users of cheques 1,000 businesses surveyed by telephone Consumer
More informationCHEQUES: MARKET RESEARCH June 2015
CHEQUES: MARKET RESEARCH 2015 June 2015 INTRODUCTION Market research conducted annually Business research C&CCC annual survey of business users of cheques 1,000 businesses surveyed by telephone Consumer
More informationCONSUMER MARKET RESEARCH INTO USE OF CHEQUES CONSUMER MARKET RESEARCH
CONSUMER MARKET RESEARCH INTO USE OF CHEQUES 2017 CONSUMER MARKET RESEARCH 2018 1 OVERVIEW For over 350 years cheques have been a trusted and secure way of making payments. Each year millions of consumers
More informationFinancial Knowledge and Remittances Study Final Survey
Financial Knowledge and Remittances Study Final Survey 1. Last month did you use a newspaper, website or other source of information to compare the costs of sending money overseas? Yes go to Question 2
More informationSummary of key payment statistics for Q4 2017
Contents This page Summary of key statistics A Bacs payments B Cheque & credit transactions C Real-time payments: Faster Payments D Same-day payments: CHAPS E Cash machines withdrawals Summary of key payment
More informationCheque imaging explained
Cheque imaging explained 22nd March 2017 The Cheque and Credit Clearing Company (C&CCC) is currently managing a programme to introduce a new, easier and quicker way of clearing cheques across the UK. Called
More informationUK Payment Markets Summary
UK Payment Markets Summary 2018 An analysis of recent and emerging developments and forecasts for all forms of payment Each year, UK Finance prepares a series of reports, providing a detailed analysis
More informationSavings account conditions (inc cash ISAs)
Savings account conditions (inc cash ISAs) For use from 2nd November 2017 Changes to your terms and conditions We are making some changes to your savings account terms and conditions. The changes will
More informationSeptember TD Bank Checking Experience Index 2015
September 2015 TD Bank Checking Experience Index 2015 Overview TD Bank s 3 rd Checking Experience Index - better understanding consumers checking account experiences, behaviors and attitudes. Methodology
More informationSolicitors Fact Sheet Cheque Imaging
Solicitors Fact Sheet Cheque Imaging Introduction The Cheque and Credit Clearing Company (C&CCC) is introducing a new, easier and quicker way of clearing cheques across the UK. Called the Image Clearing
More informationTo find out more about our accessible services please visit
Give me the facts Welcome This guide explains how your account works. It takes you through the ways you may be able to access your account, make payments and keep both your finances and information safe.
More informationBanking. Charges Guide. Not exactly a thriller. But definitely essential reading.
Banking APPROVED DOCUMENT Clear design Simple language Charges Guide. Not exactly a thriller. But definitely essential reading. Click anywhere to begin, and then use the navigation buttons on the bottom.
More informationSAVINGS & INVESTMENT MONITOR
OLD MUTUAL SAVINGS & INVESTMENT EDITION 2 2016 2 Objectives To determine the kind of savings and investment vehicles being used by metro working Namibians; To understand their levels of property ownership
More informationBusiness Banking. Business account charges
Business Banking Business account charges Contents Services you don t pay for 2 Business Tariffs Service Charge 3-4 Additional services 5-6 How to reduce your transaction charges 7 Internet Banking 8
More informationGive me the facts Effective 1 January 2014
Give me the facts Effective 1 January 2014 Contents Page Welcome 3 Discover the difference 3 Ways to bank 3 Making payments 5 Payments by cheque 8 Overdrafts 9 Switching Process 11 Additional information
More informationYour account charges explained
Your account charges explained 2 Contents Our Business Banking current accounts 2 Our accounts for not-for-profit organisations 2 Our general accounts in more detail 3 Our 5 Fixed Fee account plans 3 Day-to-day
More informationSummary of key payment statistics for Q2 2018
Contents This page Summary of key statistics A Bacs payments B Cheque & credit transactions C Real-time payments: Faster Payments D Same-day payments: CHAPS E Cash machines withdrawals Summary of key payment
More informationBUSINESS BANKING. Cheque clearing times are changing. Business Accounts
BUSINESS BANKING Cheque clearing times are changing Business Accounts Contents Changes to cheque clearing 3 How long it takes for cheques to clear 4 Issuing and paying in cheques 6 Depositing Sterling
More informationCurrent Account Switch Service:
Current Account Switch Service: Your guide to switching your current account to us Building Society Switch your current account to Nationwide in just 7 working days Does the thought of switching current
More informationCOLOUR JOB LOCATION: PRINERGY
Banking made easy Contents Welcome 3 Easy access to your account 4 Online 4 By phone 4 Services available at Post Office branches 4 On your mobile 4 In branch 4 Cash machines 4 What payment types are there?
More informationHeadline findings of a survey of the public conducted on behalf of PLAN
Headline findings of a survey of the public conducted on behalf of PLAN January Methodology Note ComRes interviewed GB adults online between th and th January. Data were weighted to be representative demographically
More informationSavings conditions and information. For personal savings accounts that are no longer available to new customers
Savings conditions and information For personal savings accounts that are no longer available to new customers For use from 13th January 2018 Welcome to Halifax This booklet explains how your Halifax savings
More informationSavings conditions and information. For personal savings accounts that are no longer available to new customers
Savings conditions and information For personal savings accounts that are no longer available to new customers For use from 6th April 2018 Welcome to Halifax This booklet explains how your Halifax savings
More informationInterest rates, charges and important information
Interest rates, charges and important information CONTENTS Savings 1 Current Accounts 9 International Payment Services 13 Mortgages 14 Important Information 15 Savings Intelligent Finance isaver Intelligent
More informationISLAMIC BUSINESS ACCOUNT CHARGES. Your account charges explained
ISLAMIC BUSINESS ACCOUNT CHARGES Your account charges explained Contents Introduction 3 Introductory offer 3 When your free banking ends 3 Help with queries 3 Keeping your charges low 4 Statements 4 Balance
More informationA guide to Future Fund. Welcome to a savings account that grows with your children
A guide to Future Fund Welcome to a savings account that grows with your children Giving your children a head start The Future Fund has been designed as a home for savings set aside for a child s future
More informationHello. Classic Classic Plus
Hello. Classic Classic Plus Welcome to a different kind of banking. Hello, welcome and above all, thank you for opening a current account with TSB. You ve joined a bank that isn t like any other bank.
More informationSavings. Savings account conditions and information. April (For personal savings accounts that are no longer available to new customers.
Savings Savings account conditions and information. April 2018 (For personal savings accounts that are no longer available to new customers.) Welcome to Bank of Scotland. This booklet explains how your
More informationGive me the facts Effective 1 April 2013
Give me the facts Effective 1 April 2013 Contents Page Welcome 3 Discover the difference 3 Ways to bank 3 Making payments 5 Payments by cheque 8 Overdrafts 9 Switching Process 11 Additional information
More informationWe take on the world so that you don t have to. Your welcome brochure
We take on the world so that you don t have to Your welcome brochure 2 The new HSBC Advance Bank Account designed with your needs in mind. Even the most personal ambitions are rarely achieved alone. Your
More informationSummary of key payment statistics for Q1 2018
Contents This page Summary of key statistics A Bacs payments B Cheque & credit transactions C Real-time payments: Faster Payments D Same-day payments: E Cash machines withdrawals Summary of key payment
More informationACCOUNT CHARGES. Your account charges explained
ACCOUNT CHARGES Your account charges explained June 2017 Account charges To put your business in greater control we d like to fully explain your business banking fees. Here we ll outline how our charges
More informationBusiness Banking. Terms and Conditions. For HSBC UK business current and savings accounts and services as of 13 January 2018.
Business Banking Terms and Conditions For HSBC UK business current and savings accounts and services as of 13 January 2018. Contents Page Business Banking Terms and Conditions 1 About this Agreement 3
More informationActivity: Blockbusters
2. Classroom Activities Activity: Blockbusters 67 Activity: Blockbusters Academic level: This activity is suitable for all levels. Time needed: 30-45 minutes Aim: The aim of this exercise is to find out
More informationBusiness Banking. Business account charges
Business Banking Business account charges Contents Services you don t pay for 2 Business Tariffs Service Charge 3-4 Additional services 5-6 How to reduce your transaction charges 7 Internet Banking 8 Unarranged
More informationSavings. Savings account conditions
Savings Savings account conditions For use from 6 April 2018 Welcome to Bank of Scotland This booklet explains how your Bank of Scotland savings account works, and includes its main conditions. 1 This
More informationSavings account conditions (inc cash ISAs)
Savings account conditions (inc cash ISAs) For use from 6th April 2018 Welcome to Halifax This booklet explains how your Halifax savings account works, and includes its main conditions. This booklet contains:
More informationPaying for your business banking needn t be complicated. That s why our Fixed Fee Account gives you greater control over the charges you pay.
Fixed Fee Account Paying for your business banking needn t be complicated. That s why our Fixed Fee Account gives you greater control over the charges you pay. Choose the account plan that best suits your
More informationMillennials And Banking
Are banks meeting the needs of the next generation of customers? Millennials And Banking Jake Palenicek Director, Financial Services, YouGov Approach Millennials now represent the largest consumer group
More informationYour account charges explained COMMERCIAL BANKING
Your account charges explained COMMERCIAL BANKING Contents Help with queries 2 Keeping your charges low 2 Electronic Business Tariff 4 Business Extra Tariff 4 Other service charges for all tariffs 8 Business
More informationACCOUNT CHARGES. Your account charges explained
ACCOUNT CHARGES Your account charges explained March 2014 Account charges To put your business in greater control we d like to fully explain your business banking fees. Here we ll outline how our charges
More informationVolunteering. while getting benefits. Part of the Department for Work and Pensions
Volunteering while getting benefits Part of the Department for Work and Pensions This leaflet is only a guide and does not cover every circumstance. We have done our best to make sure the leaflet is correct
More informationPrivate Banking Currency Account. Terms and Conditions Personal Currency Account Individuals. Non-personal Currency Account PRIVATE BANKING
PRIVATE BANKING Private Banking Currency Account Terms and Conditions Personal Currency Account Individuals Non-personal Currency Account Sole Traders, Partnerships, Executors and Administrators, Trusts
More informationBusiness account terms
Business account terms Contents GENERAL TERMS Glossary 3 The meaning of certain words and phrases used in these Terms. 1 Introduction 4 2 Use of accounts and giving us your instructions 4 3 Paying money
More informationYour account charges explained.
Your account charges explained. To ensure you have everything you need to know about our charges, this brochure has been designed to let you know when and how they will be applied. The charges and tariffs
More informationGENERAL CONDITIONS 13 January 2018
GENERAL CONDITIONS 13 January 2018 This agreement contains: An explanation of what makes up our agreement with you for business banking and some related services. Our terms and conditions. They are divided
More informationYour account charges explained COMMERCIAL BANKING
Your account charges explained COMMERCIAL BANKING To ensure you have everything you need to know about our charges, this brochure has been designed to let you know when and how they will be applied. The
More informationSpecial Report #M001. Our Government and Your Checking Account
A federal law, known as Check 21, makes it easier for banks to electronically transfer check images instead of physically transferring paper checks. This Special Report explains your rights under Check
More informationBank Account. Getting started guide
Bank Account Getting started guide Easycash, Cardcash & Current Account For use from 1st July 2018 2 CONTENTS. You ll find everything you need to know about your account in this guide. Managing your account
More informationFinancial Hardship Confirmation form
Financial Hardship Confirmation form Your details Customer Reference Number First name Surname Date of birth What type of course are you on? Undergraduate Postgraduate Contact Details Email Preferred Tick
More information2015 SCPC Table of Contents Adoption of Accounts and Payment Instruments
2015 SCPC Table of Contents Adoption of Accounts and Payment Instruments Table 1 Current Ownership of Accounts and Account Access Technologies Table 2 Table 3 Table 4 Table 5a Table 5b Table 6 Table 7
More informationYouGov Survey Results
YouGov Survey Results Sample Size: 2047 Fieldwork: 10th - 13th June 2011 Total A smartphone is a mobile phone offering advanced features similar to a computer. Often an operating system is in use (such
More informationYOUR GUIDE - SWITCHING YOUR ACCOUNT TO ADAM
YOUR GUIDE - SWITCHING YOUR ACCOUNT TO ADAM Switching your account to Adam 1 Contents Section Page Current Account Switch Guide Transferring your account to Adam Current Account Switch Service About the
More informationThe FirstBank Anywhere Checking Account.
The FirstBank Anywhere Checking Account. Open an account and receive $300. New checking customers only. Open an Account (/redirect/redirect.do?appid=secureapps&forward=startnewacct&loc=co&id=41) Steps
More informationSwitching current account
Switching current account When you ve chosen your current account it s good to know switching is stress-free. Transfer everything safely and securely in 7 working days. Joining us Contents The switching
More informationNEED TO KNOW. Your account is up and running
NEED TO KNOW Your account is up and running There s more to running your business than managing the money, but it s a good place to start. A Business Current Account with Lloyds is designed to make banking
More informationTriodos Bank. Current Account switch guide
Triodos Bank. Current Account switch guide About the service The Current Account Switch Service makes switching current accounts to Triodos Bank from another UK bank or building society simple, reliable
More informationCash ISAs. Important information and Key Facts
Cash ISAs Important information and Key Facts We d like to help your savings grow faster. Some of us are seasoned savers. Others just starting out. But one thing s for sure, it always makes good sense
More informationClaiming top-up payment on Gift Aid Small Donations Scheme (GASDS) donations
Claiming top-up payment on Gift Aid Small Donations Scheme (GASDS) donations GASDS Claims Deadlines: Donations received in Claims can be made from Deadline to send the claim to HMRC by The Bureau Service
More informationISLAMIC ACCOUNT. Banking that understands the Shariah way
ISLAMIC ACCOUNT Banking that understands the Shariah way Islamic Account Contents Account benefits 3 Shariah approved banking 4 My Lloyds Bank Visa debit card 5 Ways to bank 6 Travelling with your debit
More informationManaging your monthly charges
MONTHLY PRICEPLAN Managing your monthly charges To put your business in greater control we d like to fully explain your business banking fees With our Monthly PricePlan you can choose a PricePlan that
More informationWelcome. 1. Agenda. 2. Ground Rules. 3. Introductions. Bank On It 2
Bank On It Welcome 1. Agenda 2. Ground Rules 3. Introductions Bank On It 2 Objectives Identify the major types of insured financial institutions Identify five reasons to use a bank Describe the steps involved
More informationInterest rates, charges and important information
Interest rates, charges and important information Guide to Changes: We are making some changes to this brochure. The changes will come into effect on 6 April 2018 and will apply to all Intelligent Finance
More informationNOT-FOR-PROFIT NEED TO KNOW. Your account is up and running
NOT-FOR-PROFIT NEED TO KNOW Your account is up and running There s more to running your organisation than managing the money, but it s a good place to start. A current account with Lloyds is designed to
More informationA Roadmap For Members Nov
COMPUTER BANKING SYSTEM UPGRADE: A Roadmap For Members Nov. 20-21 1 TABLE OF CONTENTS COMPUTER BANKING SYSTEM UPGRADE Why is Kawartha Credit Union making this change?... 5 When will the computer banking
More informationHome Loan Advantage Package
Home Loan Advantage Package 1 2 ST.GEORGE HOME LOAN ADVANTAGE PACKAGE Take advantage of St.George Choosing a home loan is a big decision but it doesn t have to be hard. By making more of St.George, you
More informationACCOUNT CHARGES. Your account charges explained
ACCOUNT CHARGES Your account charges explained June 2018 Account charges To put your business in greater control we d like to fully explain your business banking fees. Here we ll outline how our charges
More informationAn Introduction to Gift Aid
Gift Aid Gift Aid is a simple government initiative which allows you to increase the value of your donations at no extra cost to you or your Scout Group. For every pound donated or paid in membership subscriptions
More informationManaging your money. Discussing your finances. Tips to help you stay in control of your current account and credit card
Discussing your finances We know that sometimes you may find yourself in a difficult financial position where you need some help. If you re worried that you may start to have financial difficulties or
More informationClear Current Account
Clear Current Account Contents Clear current account Banking made easy Switch your account to us Overdraft interest rates Current account s 2 4 5 5 How to keep interest and s as low 68 as possible Other
More informationACCOUNT CHARGES. Your account charges explained
ACCOUNT CHARGES Your account charges explained March 2018 Account charges To put your business in greater control we d like to fully explain your business banking fees. Here we ll outline how our charges
More informationPersonal Banking Terms and Conditions. Effective from 13 January 2018
Personal Banking Terms and Conditions Effective from 13 January 2018 Contents About this agreement 4 1. Who s this agreement between? 4 2. How do we contact each other? 4 3. What does this agreement cover?
More informationTriodos Bank. Current Account switch guide
Triodos Bank. Current Account switch guide 1 About the service The Current Account Switch Service makes switching current accounts to Triodos Bank from another UK bank or building society simple, reliable
More informationCUSTOMER RELATIONSHIP AGREEMENT. Terms and Conditions Lloyds Bank International Limited
CUSTOMER RELATIONSHIP AGREEMENT Terms and Conditions Lloyds Bank International Limited Effective from 1 May 2018 This booklet contains: information about how to contact us and how we will contact you;
More informationOUR FUTURE CAPITAL CAMPAIGN ANNUAL GIVING
OUR FUTURE CAPITAL CAMPAIGN ANNUAL GIVING GUIDE TO Paying Pledges 2 Automatic Payments Set it up once then don t worry about it! YOUR BANK'S BILL PAY SYSTEM (RECOMMENDED) p. 4 SPR S AUTOMATIC PAYMENT SYSTEM
More informationAppendix A City-Wide Data Tables
Appendix A City-Wide Data Tables Q1. What do you like best about living in Richmond? Like Best About Living In Richmond Percent Natural setting 33% Shopping or retail options within Richmond 25% Close
More informationYouGov Survey Results
Total Gender Age Social Grade Region Base Male Female 18 to 24 25 to 34 35 to 44 45 to 54 55+ ABC1 C2DE North Midlands East London South Wales Scotland Northern Ireland For the following questions, by
More informationSwitching accounts is easy.
Switching accounts is easy. Discover the local banking difference. At TSB, we re here to look after you. We don t get distracted by things like big corporate finance or investment banking. We use the savings
More informationList One: Government Issued Documents (with a photograph) Valid Passport. Valid Photocard Driving Licence (full or provisional).
List One: Government Issued Documents (with a photograph) Valid Passport. Valid Photocard Driving Licence (full or provisional). National Identity Card. Firearms or Shotgun Certificate. List Two: Government
More informationCurrent Account Conditions and AccounT Information.
Current Account Conditions and AccounT Information. If you open an account with us it will be with Yorkshire Building Society (trading as Norwich & Peterborough Building Society, Norwich & Peterborough
More informationNOT-FOR-PROFIT ORGANISATIONS. A guide to your new account
NOT-FOR-PROFIT ORGANISATIONS A guide to your new account Our service promise. If you experience a problem, we will always try to resolve it as quickly as possible. Please bring it to the attention of any
More informationOur plans to change the Council Tax Reduction Scheme. What do you think?
Our plans to change the Council Tax Reduction Scheme What do you think? 1 Contents Page Council Tax reduction 3 The Council Tax Reduction Scheme 4 Why we need to change 6 Options 7 Our preference 15 About
More informationA guide to Smart Saver
A guide to Smart Saver Our Smart Saver is an instant access savings account that offers you multi-channel access. You can manage your savings via Online or Mobile Banking, by calling us or by visiting
More informationGeneral Terms and Conditions
General Terms and Conditions UBL UK January 2016 C O N T E N T S G e n e r a l Pe r s o n a l a n d B u s i n e s s 2 I s l a m i c A c c o u n t 21 M a r h a r b a 9 0 d a y s a c c o u n t 22 A d d i
More informationFriends & Family Junior ISA Help them soar
Friends & Family Junior ISA Help them soar Here for everyone Kingston Unity is a Friendly Society. We re totally different to banks, because we re owned by our members. We re run for the benefit of you,
More informationTop-up application form
Prudential Investment Bond and Child s Bond Top-up application form Please use black ink and write in CAPITAL LETTERS or tick as appropriate. Any corrections must be initialled. Please do not use correction
More informationWestpac Savings and Term Investment Accounts
Westpac Savings and Term Investment Accounts Everyone s a bit different in the way they save. That s why we ve got lots of different account options so you can save the way you want with an account that
More informationFALL. Presidents Message. amucu.org
FALL 2013 Presidents Message Dear Member, WHAT IF? You had checking accounts with no monthly fees tied to them at all. No games, no tricks? You had business accounts with no monthly fees for deposit checks
More informationSF318MAY2018 Page 1 of 5. Authorisation for a Manual Transfer to a Current Account ( Transfer )
Authorisation for a Manual Transfer to a Current Account ( Transfer ) Use this Form to transfer to a Nationwide current account from one of the following: a current account with another UK bank or building
More information2014 Banking and Credit Card Survey
2014 Banking and Credit Card Survey About Credit Reporting Agency Credit Reporting Agency is the UK s first internet based credit reference agency, aimed firmly at serving consumers, rather than business
More informationTERMS AND CONDITIONS. Business Banking Terms and Conditions
Business Banking Terms and Conditions Part A - Introduction 1. Application and scope of these Terms and Conditions 1.1. Application of these Terms and Conditions: These Terms and Conditions form part of
More informationPISA 2018 released financial literacy items. This version: 06 August 2018
PISA 2018 released financial literacy items This version: 06 August 2018 3 Overview Fourteen items are released as sample items from those excluded during the PISA 2018 field trial. One unit (ZCYCLE)
More informationM&S Banking terms and conditions
M&S Banking terms and conditions Effective from 13 January 2018 Page About this agreement 1 1. Who s this agreement between? 1 2. How do we contact each other? 1 3. What does this agreement cover? 2 4.
More informationFAQs - Personalized Pay Cards
Withdrawing Funds How can I check my pay card balance? Can I make unlimited cash withdrawals? How do I find an in-network ATM? Are there any overdraft penalty fees? If I have an odd amount remaining on
More informationFlexStudent. How to use your account Plus the FlexStudent terms and conditions. Building Society
FlexStudent How to use your account Plus the FlexStudent terms and conditions Building Society What is this leaflet for? In this leaflet, you ll find information on how to use your FlexStudent account,
More informationACCOUNTING CHAIR FINANCIAL PROCEDURES
ACCOUNTING CHAIR FINANCIAL PROCEDURES Contents 1. Setting up a Cancer Research UK Bank Account...2 2. Keeping Financial Records...2 3. Recording Income Relay Income/Expenditure Breakdown Sheet...2 3.1
More informationFees and Charges Effective 21 May 2018
Effective 21 May 2018 Contents Saving money on your banking...1 Everyday accounts...2 Savings accounts... 3 Cards...4 Foreign currency account...6 Lending fees...7 Term Deposits and Foreign Currency Term
More informationTopic 8: Sources of financial advice and the limitations
Topic 8: Sources of financial advice and the limitations After completing this topic, you will be able to: explain the different sources of financial advice, including: friends and family; the different
More informationWorld Vision. World Vision Fundraising Guidelines
World Vision World Vision Fundraising Guidelines Guidelines for Third Party fundraising by non-world Vision groups, individuals or organisations. Introduction World Vision appreciates the efforts of groups,
More informationPage: FUNDRAISING GENERAL POLICY
1 Make-A-Wish Southwestern Ontario 307 Commissioners Road West, London ON N6J 1Y4 Tel: (519) 471-4900 Fax: (519) 471-4933 E-mail: swontariochapter@makeawish.ca Website: www.makeawishswo.ca APPROVAL AND
More information