A new study carried out by Saga Insurance has found that those over 50 years of age do not like to discuss money unless they really have to, unlike younger people who are much more at ease with it.
However there are some things that no-one is particularly comfortable discussing, no matter what their age. The Saga Insurance study revealed that discussions regarding earnings and salary figures are disliked by all categories, with respondents saying they would try and get out of such a discussion if they could.
On the subject of discussing finances generally, around half of those involved in the study told Saga Insurance that it was not an appropriate subject to discuss, whilst almost ten percent of people said they would be embarrassed to discuss their personal finance situation with anyone.
Barclays Bank current account customers have been made aware of some changes to the bank accounts, including an overdraft service and some new accounts.
The new overdraft service is called Personal Reserve and replaces the existing unauthorised overdraft facility. An annual fee of GBP22 provides access to an additional overdraft for up to five days. This can be used as a safety net for Barclays Bank customers who go over their normal limit, protecting them from additional bank charges.
In addition five new Barclays current accounts have been introduced, offering alternatives from free in credit accounts to annual fee accounts with extra services and interest free overdraft options. The choice provided for the customer is growing explained a Barclays spokesman.
Citibank is providing Euro transfers and third party account payments with no fees to its customers.
Covering 31 European countries the Citibank initiative will get money into any bank account in Europe within 3 days. The fee free element applies to Citibank current accounts and savings accounts that use the Euro as their currency. Accounts that use a currency other than the Euro will have a charge of 2 percent levied for currency conversion.
A spokesperson from Citibank saw this new initiative as one that would speed up the whole banking process in Europe and make the transfer of money inexpensive and safe. It is expected to be especially popular with customers who have overseas properties and also those who send payments to bank accounts in different European countries.
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