Banking technology platform provider, BankiFi, has partnered with TSB to launch Revenu; an app, exclusive to TSB that will allow small businesses to receive quicker payments and to better manage their business finances. Revenu allows TSB’s business clients to collect customer payments from req
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TSB has announced it will close 70 branches in 2022, with nine Scottish locations set to shut up shop, as it responds to declining branch use and increasing numbers of customers switching to digital banking services. In recent years, the bank has seen a significant decrease in branch use, with the a
TSB has extended its pilot scheme that offers bank accounts to homeless people. The programme, which may be implemented elsewhere in the UK, has been extended to the end of this year.
HSBC UK and TSB have launched their lowest ever fixed-rate mortgages at 0.94%.
TSB is preparing to stop its customers from sending money to cryptocurrency trading sites such as Binance and Kraken due to concerns over high levels of fraud. According to The Times, TSB believes fraudsters are being allowed to establish e-wallets and steal money from traders due to weak security c
A museum at the site of the world's first savings bank has been spared closure by TSB following a community campaign. The bank announced in March that it would close the museum in Ruthwell, Dumfries and Galloway and transfer the contents to its Edinburgh headquarters for a special exhibition.
TSB has delivered a boost to small and medium-sized businesses (SMEs) with a new offer of 25 months’ free banking, up from six months previously. TSB’s free banking offer will give start-ups breathing space to get up and running, and help businesses that have been hit by the pandemic to
TSB has announced plans to close a museum at the site of the world's first savings bank in Ruthwell. The bank intends to transfer the contents of the Savings Bank Museum to its HQ, Henry Duncan House, in Edinburgh.
TSB is launching 19 new pop-up services in communities across Scotland to support customers with their banking needs such as making payments, getting help with products and services, and assistance with bereavements. A trial of the concept will see the first five opening this week in Alford, An
TSB has announced its 2020 full-year results revealing a £204.6 million statutory loss before tax. The bank said that its financial performance had been 'significantly impacted' by the coronavirus pandemic.
Edinburgh-based TSB has it will be closing 73 bank branches with 300 jobs set to be lost, despite appeals to save outlets in the remotest and most deprived areas of Scotland. While there has been continued resistance to closing the “last bank in town” the move means shutting down the fin
TSB has provided cash flow to small and medium-sized business suppliers across the UK during the pandemic, paying 96% of invoices within seven days over the last six months. According to the Federation of Small Businesses, over £23 billion of late invoices are owed to businesses across Britain
TSB has introduced new mortgages for first time buyers, making it easier for young people to get a mortgage - so long as they have a 15% deposit. On Friday, the lender revealed a range of mortgages for first-time buyers which use an easier stress test than for home-movers. A stress test is a calcula
TSB has announced that it will close 73 branches in Scotland as customers increasingly turn to online banking. The bank has said the branches selected for closure have been chosen carefully to ensure 94% of TSB customers in Scotland remain within 20 minutes travel time of a branch.
Mortgages are in such short supply that UK banks have begun encouraging prospective buyers to secure them in online “fire sales”.