Banks and Building Societies

Whether you are in college and receiving EMA or thinking of working and you need somewhere to put your hard earned cash?   The information below should help you get started.

Banks and building societies provide a range of financial services to help people manage their money.

As well as offering current accounts and savings accounts, they also offer credit cards, loans and mortgages.

Every bank or building society is different and the services they offer can vary.

Here are some tips to help you with money

Money Supermarket’s money section

Money Saving Expert – in particular their 47 money saving tips for 16 to 25 year-olds.

Before signing up for any bank or building society service, always shop around for the best deal and never sign anything if you don’t fully understand the conditions. Always read the small print!

Some banks have charges that you may not know about, check out this video…….

If you are worried about your finances, talk to the Citizens Advice Bureau or the Money Advice Service for advice.

If you have a complaint about a bank or building society, write to its head office or contact the Financial Conduct Authority, which regulates all banks and building societies

Other links you might find useful

The Mix (formerly theSite.org) has loads of great info in their money section

Gov.uk’s section on money & tax

Barclays Money Skills

Citizens Advice money advice videos

Money Supermarket’s money section

Money Saving Expert – in particular their 47 money saving tips for 16 to 25 year-olds.

Apps & Games

Wishfund is an app that helps you keep track of what you’re saving for, available for Android.

Some Local Organisations

Welfare Rights

Citizens Advice

Some National Organisations

Money Advice Service

National Debt Helpline

National Debt Helpline

 


 

If you would like more information on this topic or you have questions please call into the INFO Shop or contact us on 01978 295600 / Instant message.  If you leave us a message we will get back to you as soon as we can.

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