The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
Current accounts are the facility many of us use to run our day-to-day finances. Here you will find useful information on how current accounts work and links to other helpful organisations. There is also information on Universal Credit for those customers who have queries about how the new system will work and what to expect from you bank.
The industry guidance was updated and confirmed by the FCA, effective from January 2017, to reflect a number of changes that became operational in 2016. The updated guidance is available Read More
This webpage is designed to provide information for non-residents looking to enter banking relationships in the UK while continuing to reside outside UK. Non-residents If you live permanently outside the Read More
Having a bank account makes it a lot easier and cheaper to pay bills. Most employers will only pay you through a bank account, and it’s safer than keeping lots Read More
If you have a bank account, it is highly likely that it will come with a card. Here’s our explanation on the differences between bank cards, how you should use Read More
Cheques are written orders from account holders instructing their banks to pay specified sums of money to named beneficiaries. They are not legal tender but are legal documents and their Read More
Want to switch? First, ask yourself why you want to move. If you are considering moving your account because you are unhappy with some aspect of the service, have you Read More
Got a place at college or university? Check out our guide on how to manage your finances independently, open a student bank account and make the most of the benefits Read More
A joint account is an account opened in the names of two or more people. You can have a sole account as well as your joint account. A sole account Read More
What is a lost account? Banks, building societies and NS&I wherever possible seek to keep in touch with their customers. If, however, an account has been inactive for an extended Read More
ATMs, or cash machines, are now the most popular way for people to withdraw cash from their bank accounts using their Personal Identification Number (PIN). LINK is the UK’s cash Read More