Nationwide’s New Credit Card Statement
I received my on-line credit card statement from Nationwide yesterday and it has been simplified in their new web site, so that it is now very easy to see how much you need to pay for either the minimum amount or to avoid any interest charges. In the past, you sometimes had to guess the latter.
This means that I can get my cashflow more precise.
So are we going to see a features war between banks, as they make their web sites better to attract more customers?
After all, when you make a major purchase, like a car, a washing machine or a new partner, you carefully check out all the features! But unless you actually move your account, that’s a bit difficult with banking. Where is the test-before-you-buy feature? With peer-to-peer lending sites like Zopa and its ilk, you can experiment with a small sum, before you actually make the decision to move your savings there!
Certainly, unless they do something horrendous, I can see no reason at present to move my account away from Nationwide.
The End Of Cheap Credit Cards?
This question is posed in this article in the Daily Telegraph, as RBS/NatWest ends cheap introductory deals.
About time too, as why should I as a UK taxpayer and part owner of so-called bank RBS, subsidise the irresponsible debts of others?
More Peer-to-Peer Lending Speculation
Over the last few weeks various respected publications have speculated that peer-to-peer lending will soon be allowed to be wrapped up in an ISA. There have been articles in The Independent and the Daily Telegraph. Both papers are not noted for printing rumours and gossip.
Now the Herald joins in, with a long and thoughtful article, that says that social lenders savers could be rewarded with tax relief.
I think that if George Osborne do what is being rumoured, it would be good for savers and good for those in need of loans at affordable rates.
Nationwide Updates It’s On-Line Banking
Nationwide has brought in a new on-line banking web site, which seems to go some of the way to meet some of my objections about lack of information.
As an example, I’d setup a single payment to pay a credit card bill for the 13th March. Until the start of this week, the money would have been debited from my account at midnight and marked in my account by an anonymous entry, just giving out how much I’d paid. But this morning, the money had gone from my account and the entry gave full details about the transaction.
So Nationwide seems to be getting closer to my ideal of a money transfer company, where I can collect all my incoming payments and organise all of my outgoings.
Would You Buy A Political Idea From This Man?
Gordon Brown is going to outline his ideas for better power sharing between London and Edinburgh. It’s all here on the BBC.
I doubt anybody will be listening!
I certainly won’t be, as he was one of the idiots, who saddled the UK with that useless bank, the Royal Bank of UK Taxpayers, for which we are all still paying.
It would have been so much cheaper to liquidate it and then pay everyone who lost out in taxpayers money. But that would have meant Labour losing all votes in Scotland!
Should Oyster Become A Bank?
This suggestion was put forward by the Social Market Foundation in a report yesterday.
Oyster is a trusted brand and it handles billions of transactions in a year, so expansion into a contactless bank, would probably be something that could work.
I also get better information from my Oyster card than I get from my debit or credit card. I can see my last journeys at most ticket machines in London, but can I find out the last five transactions on my debit card at a cash machine? I don’t think so!
So perhaps the other side of this suggestion, is should bank cards be more like Oyster?
Why Has This Art Not Been Sold?
My Internet trawl on the Royal Bank of UK Taxpayers has found this tasty morsel in the Scottish Daily Record web site. Here’s the first paragraph.
Fred the Shred’s stunning corporate art collection is still still under wraps at taxpayer-owned bank despite promises to make it more accessible to the public.
As selling this has no implications for the profitability of the rump of the bank or employment issues, it is a disgrace that it hasn’t been sold or at least displayed in public.
Why I’m Pleased Manchester City Lost
There’s an old saying about cheats never proper.
Read this article in Wikipedia about the UEFA Financial FairPlay Rules and especially this section which relates to Manchester City.
Until books are fully opened by all of these teams and probably published on the Internet, I will not give them an iota of my support or sympathy.
Barclays Loses Customer Data
Why is it the banks always seem to get things wrong? Or are they just accident prone?
This morning customer data from Barclays is reported to be on sale, here on the BBC.
I will not prejudge where the leak of information came from, but it will be interesting to see who did the dirty deed.
I suspect though we’ll see an increase in phishing scams tasrgeting Barclays customers.
Prospects For Scottish Banks
I have a trawl for the Royal Bank of Scotland in Goggle and two stories this morning make interesting reading.
Scotland Will Never Be Free as Long as It Has RBS is from Bloomberg and Analysis: Scottish banks plan quietly as independence debate gets louder is from the Chicago Tribune.
They should be read.
I don’t care which way Scotland votes, as it is their affair, but I won’t be following David Cameron’s advice to phone my Scottish friends and implore them to stay, Mainly because all of them seem to be in the Better Together camp.
One feeling I do have, is that the Scottish independence debate is the tail, that is wagging the donkey of the Royal Bank of Scotland. No bank is too big to fail, but because of the referendum in September, no English politician dare put the Royal Bank of Scotland and its employees out of its misery.
I can’t believe that if Barclays had got into the sort of trouble RBS did, then it wouldn’t have been liquidated.
The Anonymous Widower 