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Old Nov 15, 2006 | 12:36 PM
  #1  
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Default Free Banking

on the news about one of the big banks new plans to start charging customers for using a current account.

I`m not very bright.

i thought they made the cash from interest, we are kinda forced into having a bank account, and now we are forced to pay for the privilege of them keeping our money safe, will this result in more people keeping the cash under the mattress?>

at the moment i am paying around 60/month in bank charges for the business account which i am slowly reducing by paying for more things via cash and not cheques etc etc

i can see the same thing happening with current accounts as well TBH
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Old Nov 15, 2006 | 12:37 PM
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Don't believe the hype. First Direct still offer free banking.
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Old Nov 15, 2006 | 12:41 PM
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maybe now, how about in the future?>

i will be suprised if the others do not follow.

they do need to make up the numbers when the overdraft charges are dropped?
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Old Nov 15, 2006 | 12:57 PM
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It is first direct who are going to start charging customers who pay in less than £1500 per month into there account a fee of £10 per month to operate their current account/
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Old Nov 15, 2006 | 01:27 PM
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Anyone know why they used 1500 as a figure? Anyone know the national average wage???
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Old Nov 15, 2006 | 01:28 PM
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£1500 after tax is only £25,000 gross per annum - see i-resign.com salary calculator
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Old Nov 15, 2006 | 01:32 PM
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But the people they want to charge are the dormant accounts or ones with not many transactions. Why do they want to charge them people?! They don't have to do any work on their accounts if they don't use them!!!
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Old Nov 15, 2006 | 01:40 PM
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Originally Posted by Fantom
But the people they want to charge are the dormant accounts or ones with not many transactions. Why do they want to charge them people?! They don't have to do any work on their accounts if they don't use them!!!
they should be able to let the cash sit there and make them a bit of intrest?
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Old Nov 15, 2006 | 01:45 PM
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look at the free publicity this has got them today....you of all people should know about that
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Old Nov 15, 2006 | 01:49 PM
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Anyone else see that fat biatch on TV this morning trying to justify why it takes banks 4 days to credit your account if you pay a cheque in, whereas in Sweden, it's apparently 2 hours?

Alcazar
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Old Nov 15, 2006 | 01:54 PM
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2 hours
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Old Nov 15, 2006 | 02:06 PM
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They have chosen £1500 to be paid in each month because that is the minimum wage ...................

FirstDirect need to be given a wide berth .... Credit Cards are also about to charge too.
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Old Nov 15, 2006 | 02:14 PM
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Originally Posted by alcazar
Anyone else see that fat biatch on TV this morning trying to justify why it takes banks 4 days to credit your account if you pay a cheque in, whereas in Sweden, it's apparently 2 hours?

Alcazar
think i saw that alc. banks in scunny are a pain in the **** for ques. you not think? plenty of booths but usually one or two people working the frigging things. either that or there is an old lady/foreigner in front of you.

andy
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Old Nov 15, 2006 | 10:16 PM
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Originally Posted by StickyMicky
at the moment i am paying around 60/month in bank charges for the business account which i am slowly reducing by paying for more things via cash and not cheques etc etc
Time you moved banks mate Abbey's free day to day business banking forever
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