Banking Charges in The AnswerBank: Business & Finance

Banking Charges

This poll is closed.

What is the most you'd pay your bank for a current account?

A. Less than £10 per month: 92.19% (248 votes)
B. Between £10 - £30 per month: 6.32% (17 votes)
C. More than £30 per month: 1.49% (4 votes)

See final stats

Stats until: 16:31 Thu 23rd May 2013 (Refreshed every 5 minutes)

12:14 Mon 28th May 2012

micmak

Not a penny farthing. if they decide to charge for my current account then I would close it.

hc4361

micmak - how would you pay your utility bills? You get at least 10% discount on most bills by paying by DD.
How would you get your wages or pension? Yes, you could get them paid into a savings account (maybe) but most don't have ATM cards so you would need to go to the bank during working hours to get your money.

Postal orders cost if you want to send money in the post without using a cheque.

I could not manage my life without a current account.

Old_Geezer

As little as possible since they already have my money to make profit with. and since the government stole our right to be paid in cash I believe there is a moral duty that banking is free anyway, anything else is further abuse of the citizen.

ojread2

Nothing!
I would use a savings a/c with ATM card instead over paying for a current a/c

hc4361

You'd be limited to the number of withdrawals. Banks don't like you using savings accounts as credit accounts.

hc4361

current accounts, not credit accounts. Doh

ubasses

Blame it on Europe, they are the ones trying to make the Banks split investment banking (the part that makes the money and pays the bonuses) from the retail banking (the bit that is done in branches and pays the staff as little as possible). The former funds the latter on the whole, so the branch customer would no longer be subsidised by the big investors who pay high charges on their portfolios and currency dealing.
Consequently this would leave the man on the street paying for the provision of cheque books and debit/credit cards, processing all the cheques paid in and out, direct debits and standing orders. Plus printing and postage on statements and aforementioned book and cards. Then of course pay or the staff to servie you and buildings to put them in, add on the insurance not only on property and staff but the cash held on the premises. Getting money delivered or removed from the branches by Security Companies. Maintenance of cash machines etc. I could go on and on but I have already, so really free banking has been a luxury.