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Santander U-turn on free business accounts
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Santander U-turn on free business accounts
Santander has staged an about-turn and will no longer withdraw its "free banking forever" account from 230,000 small business customers. The original decision, first revealed in late July, upset some customers who thought the bank was reneging on an unbreakable promise to them. They would have had to pay either £7.50 or £12.50 a month for a business bank account that was previously free. Santander had previously said it was within its right to change the account. But less than two months after first announcing the change, it has reversed its policy. "After listening to feedback from our existing customers, a small number of whom do not feel their businesses would benefit from these changes, we will be retaining the fee-free option for existing customers," a spokesman said.....Read more here: BBC News - Santander U-turn on free business accountsTags: None
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