MSE News: Banking rule-book changes explained

The article implies that this affects all current and savings accounts, which is not true.

The changes affect payment accounts which means almost all current accounts, and maybe half of savings accounts.

In particular, ISAs, fixed rate bonds and notice accounts are not affected. It's pretty accurate to say that only instant access savings accounts - ie. the sort of account where you'd expect to be making lots of transactions - are affected.

Credit card providers must apply cash and electronic payments to your account on the day they receive the money. If the card is issued by the same bank where you're making an over-the-counter payment, it will be credited immediately.

(A good rule) I remained concerned that credit cards were contining to be mealy-mouthed about when they would actually treat any payment as received (e.g. one sent through Faster Payments) As we know, timing can be critical here to avoid triggering late charges and/or backlogs of interest.