Consumers
Banking Code
|
Contact: Simon Rex Date: 1 Nov 2009 |
Print page | Email |
It has been replaced by;
- the Banking Conduct of Business Sourcebook and Payment Services Regulations 2009 (enforced by the Financial Services Authority); and
- the Lending Code (enforced by the Lending Standards Board).
Information on the Financial Services Authority and the Lending Standards Board is available via the links below.
Link to Financial Services Authority
Link to Lending Standards Board
About the Banking CodeThe Banking Code was a voluntary code which set standards of good banking practice for financial institutions to follow when dealing with personal customers in the UK. The Banking Code applied to:
- current accounts, including basic bank accounts;
- savings and deposit accounts;
-payment services, including foreign-exchange services;
-cards and pins; and
- loans and overdrafts.
The Banking Code was monitored and enforced by the Banking Code Standards Board. The Code was sponsored by the Building Societies Association, British Bankers' Association and APACS - the UK payments association.
The last version of the Banking Code was published in March 2008 following an independent review. The Banking Code 2008 is available via the link below.
Tha Banking Code was withdrawn once responsibility for regulating retail banking products moved to the Financial Services Authority and the Lending Standards Board.
