• New fees exposed: £10 for a statement, £2.50 for text alerts and £20 to set up an overdraft
• One bank even charges £6 to replace any lost web banking PIN device which it has forced customers to use

A Money Mail investigation reveals today how banks are adopting the tactics of budget airlines and hammering customers with hidden, rip-off fees for everything from duplicate statements to sending you a text message. These sneaky charges are often buried in the small print and disguise the true cost of using a current account — similar to the way budget airlines such as Ryanair and easyJet charge extras for so-called cheap flights. Banks are on a drive to recruit new current account customers at the moment. But while they are loudly offering gimmicks and cash, they are also quietly adding new charges and fees. Many of these are small, but added together and charged to hundreds of thousands of customers they mean millions of pounds of extra revenue for the banks.

Furthermore, a report by consultants PricewaterhouseCoopers has advised banks to increase charges for current accounts. It advises they should follow the model of budget airlines, which have raked in big profits through piling on charges for extras such as choosing a seat and putting a bag on board....Read more here-: The rise of current account charges: the banks adopting Ryanair fee tactics