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Total Twaddle  |  Idle Chat.  |  Twaddle's Soap Box  |  Topic: Banks to charge customers 0 Members and 1 Guest are viewing this topic. « previous next »
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Taf
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« on: August 07, 2007, 14:10:04 PM »
Bank customers face having to pay as much as £500 a year simply to operate a current account.

High-street banks are considering charging customers for every transaction, a system already used in Australia and the United States. That would mean the end of free banking in Britain.

Customers would be required to pay for each cash withdrawal, direct-debit payment, standing order or written cheque - as well as paying an annual fee for the account. According to Moneysupermarket.com, costs could be as much as £300 a year for the average customer who makes about 35 transactions a month, or up to £500 for anyone making more than 50.

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/08/05/nbanks105.xml

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« Reply #1 on: August 07, 2007, 14:14:04 PM »
Good thing such charges are waived by law for those on government benefits.

At least, over here, they are.

Of course, my bank doesn't charge for much, though they do have a few charges...
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Lisa
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« Reply #2 on: August 07, 2007, 14:15:21 PM »
i'd no longer use a bank..

we couldn't afford to loose the money
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« Reply #3 on: August 07, 2007, 14:20:01 PM »
i would have to start keeping it rolled up in my knicker drawer... no-ones going to look in there!
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Taf
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« Reply #4 on: August 07, 2007, 14:23:41 PM »
NO bank, no pay, no benefits... screwed... PLUS no DD means higher charges for utilities...
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Lisa
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« Reply #5 on: August 07, 2007, 14:26:24 PM »
Pauls boss would pay cash, and i already pay most bills at the P.O. You can get some benefits paid through the p.o too.

They've got an damn cheek with the amount of profits they turn over every year
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Taf
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« Reply #6 on: August 07, 2007, 14:27:45 PM »
All benefits have stopped at the PO... and the PO now charge to accept payments for many utilities...
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« Reply #7 on: August 07, 2007, 14:31:53 PM »
they've not charged me for any Tongue

and i thought the p.o had the contract with the government until 2010...
i know people who still do it by PO

you can also use the Easy Access Savings Account with the PO
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« Reply #8 on: August 07, 2007, 16:06:54 PM »
HMG is pulling out of supporting Instant Bank Accounts.... and where do you think you'll find a Post Office in a few years' time? Huh
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« Reply #9 on: August 07, 2007, 16:07:53 PM »
Quote from: Taf on August 07, 2007, 16:06:54 PM
HMG is pulling out of supporting Instant Bank Accounts.... and where do you think you'll find a Post Office in a few years' time? Huh

  In one of the giant supermarkets that are covering the land?
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« Reply #10 on: August 07, 2007, 17:08:00 PM »
probably not happen anyway.  it is the Torygraph after all.
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« Reply #11 on: August 07, 2007, 17:09:49 PM »
Quote from: fred on August 07, 2007, 17:08:00 PM
probably not happen anyway.  it is the Torygraph after all.

  Now if it was the Mail, or the Express, it definitely wouldn't happen.  All they want to do is scare the bejesus out of their readers.
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« Reply #12 on: August 07, 2007, 17:40:07 PM »
true... newspapers is probably an oxymoron
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« Reply #13 on: August 07, 2007, 17:45:32 PM »
Quote from: Taf on August 07, 2007, 14:27:45 PM
All benefits have stopped at the PO... and the PO now charge to accept payments for many utilities...

They aint stopped here - I still get mine there - yes via a PO card account
especially setup for those on benefits and only allows benefits to be
paid in and taken out.........
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« Reply #14 on: August 07, 2007, 18:27:42 PM »
haven't stopped here either
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