bank charges

Started by: PeterP (8478)

Which magazine saying banks are overcharging on current accounts and now banks are thinking of putting a charge on ALL current accountsIs it time we all got paid the old fashioned way with cash and cut the middle man out(the bankers)

Started: 21st Aug 2012 at 18:30

Posted by: whups (5763) 

is,nt it typical of these bandit bankers . they nearly bankrupt the country & then shove the blame for it on us .they must think that they are doin us a favour by banking with them.

Replied: 21st Aug 2012 at 20:44

Posted by: veg grower (inactive)

I was watching a news report about this yesterday, and basically the reason we have free banking is due to the charges that banks apply to accounts - ie: the daily charges for overdrafts etc. If everyone remained in the black I daresay they would begin to apply charges for withdrawals at cashpoints etc.

At the moment the banks are reluctant to take the first step to charge for banking - as folk would very quickly close their accounts and take their money elsewhere - I wonder if that would cause another banking crisis?

Replied: 22nd Aug 2012 at 07:52

Posted by: erontquay (inactive)

If they started charging me for withdrawing MY money, thats the day it goes under the mattress,and bugger the lot of them.

Replied: 22nd Aug 2012 at 13:37


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