Only unofficially. Sabadell have said they’re happy with TSB and have no plans to sell it, although that probably just means that they haven’t been offered enough money for it yet.
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Hence the use of ‘unofficially’.
They paid top dollar for TSB before they tainted it with their botched migration so are probably holding out for something in that ballpark.
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TSB are removing their Fraud Refund Guarantee from 7 October 2024
We’ve been industry leading with our Fraud Refund Guarantee for over 5 years. Now, UK regulators are making sure other banks catch up. They’ve brought in new rules all banks must follow to reimburse certain types of fraud. This includes types of fraud like someone pretending to be someone they’re not and getting you to send them money. We’ll be switching to these rules when they come into effect on 7 October 2024.
On the more positive side, they are removing fees for bankers drafts (if you can find a branch I assume!)
If customers want us to write them a cheque for money within their account (known as a Banker’s Draft) we will no longer charge them. The charges have changed from the current “£20” to “Free”.
Not to get into a detailed conversation on fraud guarantees, but sometimes I wonder if we compensate way too much for stupidity.
APP fraud should be reimbursed maybe once, then entirely cut.
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