a contract between a customer and a bank whereby the bank obliges itself to honour cheques up to the amount deposited with the bank or up to an agreed overdraft limit. The overdraft is effectively a loan.
Reports say that those close to the negotiations say there have been disagreements in recent weeks about the structure of the new basic bank accounts and the level of fees that could be imposed for using them.
She added that those who have not yet entered their bank account number, they will be entitled to receiver retroactive payment once they have entered their bank account number in the Ministry's website.
Mr Webb said: "We are advising customers to change the bank account into which payments are made, for example by nominating an alternative bank account or the account of a 'trusted friend' which is permissible under our current rules on benefit payment".