The Bank of England and Royal Mint have confirmed that coins and bank notes featuring the late Queen Elizabeth will co-circulate with new coins and notes featuring the King.
07.09.2022 - 17:29 / dailyrecord.co.uk
The way we pay for fuel at supermarkets and pay-at-pump fuel stations is about to change.
Drivers all over the UK will face a 'hold charge' at these outlets, which will see retailers place a temporary charge on customers' payment cards.
It's in a bid to ensure that each customer has enough money to cover the transaction - and the charge could be up to £100.
After the payment has been taken for the petrol purchase, customers will be refunded the difference back onto their credit or debit card, Wales Online reports.
The change has been tested out at select UK petrol stations and will soon be rolled out to the whole country, as payment companies Visa and Mastercard update their policies.
Visa has said that it had brought in the change to help customers "keep an eye on [their] finances] - and Mastercard will follow suit.
A statement on the Visa website explains: "The way you pay for fuel at self-service pumps is changing, making it easier to keep an eye on your finances. Working with retailers and our payments partners, we are improving the experience at petrol forecourts across the UK.
"Our innovative payments solution means you can make a quick pit stop to fill up your vehicle without entering the shop and keep control of your budget at the same time."
In the past, self-service petrol stations would show the exact cost against your account balance one or two days after you filled up - which made it difficult for people to keep track of their daily spends.
Visa's statement continues: "Soon, the way you pay for fuel at self-service pumps will change. When you insert or tap your card at a self-service pump, your bank will temporarily reserve an amount from your available balance while you fill up.
"This could be up to £100. But
The Bank of England and Royal Mint have confirmed that coins and bank notes featuring the late Queen Elizabeth will co-circulate with new coins and notes featuring the King.
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