Fee-charging bank accounts have come under scrutiny from the City *regulator, over concerns about a widescale rip-off.

For six months, the Financial Services Authority (FSA) has secretly been forcing banks to come clean over the way so-called packaged accounts are being sold. Money Mail has seen confidential *documents from behind-closed-doors *discussions between bank chiefs and the City regulator.

These make it clear the FSA shares the concerns of consumers groups about the way these accounts are being sold, and that customers are being charged too much for questionable benefits.

An estimated 7.5m people have a packaged account — around one in seven of the UK population. They are charged between £60 and £300 a year for an account that comes with a range of 'perks'. These often include....Read more at: This is Money