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Banking Charges
36 Answers
This poll is closed.
- Less than £10 per month - 248 votes
- 92%
- Between £10 - £30 per month - 17 votes
- 6%
- More than £30 per month - 4 votes
- 1%
Stats until: 17:26 Sun 17th Nov 2024 (Refreshed every 5 minutes)
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I don't want to pay and would shop around for one that doesn't charge, but it is a very handy service so I suppose if it were a choice between £10 a month or having no account i'd have to stump up.
Hi lozzer50- I'm not sure what you mean when you say the banks/bankers would "go on their jollies i bet ". The vast majority of bank staff are counter staff, call centre operators and other back room staff so I'm not sure what jollies they get
Hi lozzer50- I'm not sure what you mean when you say the banks/bankers would "go on their jollies i bet ". The vast majority of bank staff are counter staff, call centre operators and other back room staff so I'm not sure what jollies they get
<<give me one good reason why anyone should have to pay>>
Because it costs to run a bank account.
OK there are different ways of paying - the general one at the moment being that the 'interest' on the account pays for the cost of running it. That's a very rough and ready way of doing it.
Maybe there's a better way - perhaps so much per transaction (varying with the type of transaction of course) offset by real interest at the going rate (whatever that is) would be 'fairer'
For every 'greedy' bank there are thousands or even millions of 'greedy' customers expecting something for nothing
Because it costs to run a bank account.
OK there are different ways of paying - the general one at the moment being that the 'interest' on the account pays for the cost of running it. That's a very rough and ready way of doing it.
Maybe there's a better way - perhaps so much per transaction (varying with the type of transaction of course) offset by real interest at the going rate (whatever that is) would be 'fairer'
For every 'greedy' bank there are thousands or even millions of 'greedy' customers expecting something for nothing
The majority of countries don't have free banking, and I well remember when the UK didn't.
Charged for every transaction, such as depositing or writing a cheque and these days everything goes through the bank and we are penalised if we wish to pay our bills by cash rather than direct debit.
I love my current account - can access it online, make payments, transfer money, set up or cancel direct debits, check my balance, draw money from the ATM or via cashback.
When I opened this account 25 years ago it paid interest on the credit balance, a revolutionary step at the time. It no longer pays interest but I don't keep much money in there - just enough to cover the outgoings. I move the excess to a savings account.
I don't use the overdraft facility so the only real money they get from me is when I use my debit card to pay for goods or services - the vendor is charged a per centage.
If I didn't pay my utility bills by Direct Debit I would probably be paying around £100 per month more but I am still very reluctant to pay a fee for using a current account.
Charged for every transaction, such as depositing or writing a cheque and these days everything goes through the bank and we are penalised if we wish to pay our bills by cash rather than direct debit.
I love my current account - can access it online, make payments, transfer money, set up or cancel direct debits, check my balance, draw money from the ATM or via cashback.
When I opened this account 25 years ago it paid interest on the credit balance, a revolutionary step at the time. It no longer pays interest but I don't keep much money in there - just enough to cover the outgoings. I move the excess to a savings account.
I don't use the overdraft facility so the only real money they get from me is when I use my debit card to pay for goods or services - the vendor is charged a per centage.
If I didn't pay my utility bills by Direct Debit I would probably be paying around £100 per month more but I am still very reluctant to pay a fee for using a current account.
