Two accounts in this house both closed today. Consensus is, though, that most of the banks will soon follow suit. Check out moneysupermarket.com - Alliance & Leicester seem to have some decent accounts available.
Try RBS Very generous overdraft facilities... I can od upto 10% of my salary without being charged if I wanted.
The idea is to lose customers On Radio 5 this morning, it was saying that current accounts where there isn't much kept in it doesn't make banks money. They make their money through credit cards, loans etc and accounts with a bit of money in. So they set the minimum limits up and are basically saying that if you don't like it then go elsewhere. Also interesting that most other countries do charge a fee for current accounts.
Yes but they'll lose accounts they want to keep I'm with first direct - I comply with the criteria they've set on a few counts (I have a FD loan, I have more than £1500 going in a month and I use their credit card) - so I won't get charged. Despite this I am considering closing my account because I see it as the thin end of the wedge, they make massive profits as it is, and it's a greedy '**** the customer' kind of gesture. I can't see why they should do this, it is so short sighted and it has come across very badly indeed.
France charge you for having a bank card as well Cost me 80 Euros to have a card which would allow me to withdraw more than 300 Euros a week.
In Ireland they don't pay water rates. Wouldn't stand for it. This is the same principle. In Ireland the government tried to introduce water rates and a mass movement started up calling on householders not to pay and to throw the bill out into the streets. It happened and there was too much bother for the government to try it on again. </p> If the average customer accepts the charge - every bank will try it on. If everyone switches to another bank, the banks will never try it again.</p>
