What is the Financial Services Compensation Scheme?
When people choose a place to save their money, one of the most important questions they ask is: “What happens if my bank, building society, or credit union goes out of business?” The answer is often the Financial Services Compensation Scheme (FSCS). The...
What is Debt Consolidation?
If you’re managing multiple debts at once, each with different payment dates, interest rates, and lenders, it can quickly become difficult to keep track. Debt consolidation is a way of combining those separate debts into one single, more manageable repayment. For many...
What is Wave Rewards?
As part of its ongoing commitment to supporting real people and real lives, Wave Community Bank has launched Wave Rewards which is a member benefits platform and mobile app designed to help members save money every day. What is Wave Rewards? Wave Rewards is a...
What is a Loan Shark?
A loan shark is an unlicensed lender who offers loans without legal authorisation and often uses unfair, misleading, or aggressive practices to collect repayments. Unlike regulated lenders, loan sharks operate outside the law. They may seem approachable at first,...
What is Financial Inclusion?
Financial inclusion means making sure everyone has access to useful, affordable financial products and services, regardless of their income, background, or circumstances. That includes everyday essentials like: A safe place to save money Access to fair and affordable...