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Bank payment warning to anybody with Natwest, HSBC, Barclay's, Santander or Lloyds accounts
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manchestereveningnews.co.ukSign up to FREE email alerts from our Money Saving Club Newsletter Millions of Brits with bank accounts have been warned about changes coming to payment rules.
From September, new rules will come into place which will help detect 'abnormal transactions'. Under new safety checks, both debit and credit card providers will be required to verify online payments with customers from September, with a £25 trigger in place.
It’s part of the 'Strong Customer Authentication (SCA)' rollout which banks, such as Santander, have been phasing in since last year.
The SCA process will become an official measure from September 2021, but the FCA has been ramping up preparations for it since June 1 - meaning some customers will have to follow the new measures
Read more on manchestereveningnews.co.uk
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