End of free Barclays banking? New chairman says he agrees with fee based accounts 'in principle'

[AAD News Feed]

End of free Barclays banking? New chairman says he agrees with fee based accounts 'in principle'

This is a duplicate of the Blog Entry made on 12th August 2012 16:43.

Barclays' new chairman Sir David Walker plans to undertake a root and branch review of the way the bank operates, it was reported today. Sir David...

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[5corpio]

Re: End of free Barclays banking? New chairman says he agrees with fee based accounts 'in principle'

High bank charges challenged by Which?

There are large variations between banks in the cost of "free" current accounts, consumer group Which? says. Which? says that its analysis "shatters the myth" of free banking. It says the cost of going overdrawn without permission for two days a month costs from £120 to £900 a year. But the British Bankers' Association (BBA) called the report "disingenuous", and said customers could get free banking for accessing cash and making most types of transactions in the UK.
'Disgrace'
Which? says that even customers with authorised overdrafts can run up large charges at some banks, including RBS Natwest and HSBC, charging an annual percentage rate (APR) of 19.9%......Read more HERE

[vossy]

Re: End of free Barclays banking? New chairman says he agrees with fee based accounts 'in principle'

When has anything been free with a British bank? You have to tread a very careful and narrow path to avoid paying anything at all, stray from the path and its not a fair charge you get, surely to god there will be some government at some point that will really take the banks to task and punish them instead of rewarding them for failure time and time again!