New rules for banks and building societies regarding regulations for overdraft fees have been announced by The Financial Conduct Authority (FCA).
Monzo Bank has launched overdrafts for account holders after the challenger announced it had reached a milestone of 500,000 customers just one month ago.
A survey of British business leaders has revealed that over a third would like to see a Brexit reversal over any other growth stimulation technique.
While financial technology entrepreneurs have put the UK on the map of late, there is still for banking innovation to shake up dormant service offerings.
More SMEs are posting profits and securing overdrafts and loans from banks, new research on the state of business in the UK has revealed.
SMEs are turning away from big banks because lenders are not helping out with serious growth ambitions.
SMEs owners have revealed that one of their main gripes against banks is the withdrawal of millions of pounds worth of overdrafts.
Figures suggest a massive reduction in the use of SME overdrafts in the last few years.
SMEs are increasingly unlikely to see external finance as an option for them – however, the confidence that their bank will provide finance is much lower than the actual success rates.
SMEs are still overly reliant on overdrafts to fund their business cash flow – but there are better alternatives around to keep your business growing. (Advertisement feature)