money

[millerxxx]

barclays are thinking of charging current account holders 13 pounds a month would you pay it

[mike11111]

Given that "Barclays" is cockney rhyming slang I wouldn't take it too seriously.

My bank is under written instruction to take any bank charges from my overdraft!

[Maydup]

No. I'd switch banks. Why pay a fee when banking is free elsewhere?

[spotit3]

I think by this time next year all the banks will be putting a charge on current accounts.

[Buenchico]

We're probably the only country in Europe that offers free personal banking. £13 per month is at the lower end of the charging scale (which is up to £30 per month in some countries).

Many people (including those who don't get paid by the banks) have called for free banking to end:
http://www.thisismone...man-Turner-warns.html

As Spotit3 indicates, it's likely that all banks will be charging soon anyway.

Chris

[mike11111]

It might be my age, but I have serious problems with this. Most of toiled at our labour, whether we were butler, baker, carpet -maker, undertaker, teacher, or what have you. Once every seven days, usually on a Thursday, a jolly man would come around and had you a little brown envelope stuffed with notes and coins (the quantity varying according to the value you master placed on you). It was then up to you what you did with it. Teenagers such as myself were under strict orders to bring the wage packet home UNOPENED, as indeed were many husbands. The chatelaine would then extract what she considered necessary to run the household for the coming week and graciously return a few coins to the male providers as "beer and baccy money".

During the late sixties and early seventies we were encouraged for reasons of "security" to draw our wages via a bank. Fair enough, but I am not going to throw good money after bad by paying charges to get my own money out of the bank simply because the boss is too lazy to be arsed to send someone round with the dosh.

You may think me a bit bitter and reactionary. If you do, then you are probably correct. As I slide slowly and inexorably towards my grave I can but reflect that life as a youth in the sixties held far more attractions than those on offer to today's youth.

It is sad to grow old and infirm, but my one consolation is that I can look back to the early sixties and know that in those days I could at least walk down the street with a Woodbine in my mouth and not have some silly crazed health nut telling me that it was bad for me.

Rant over (till the kettle's boiled)

[Everhelpful]

Beautifully put,Mike. So true.

[harrycarlin]

Its true dear friend,

[factor-fiction]

I don't think it will happen. Banks float this suggestion from time to time or use it as a defence, threat or diversionary tactic when challenged about charges such as overdraft charges. in this case it arose in response to the LIBOR rate rigging issue.
I couldn't manage without my account so I'd have to have one but I'd shop around.

[rockyracoon]

I remember a couple of years ago a load of hooha about being charged at ATM's and all the banks would join in and we'd be unable to avoid the charges, it never happened, you'll get banks that will go the other way and in turn gain a wealth of business, thus negating the need to charge.

[johnk]

No, and well said MIke

[Myriad2112]

I will be sticking with the Building Society or failing that a suitcase under the bed!

[factor-fiction]

Can you pay for your broadband by cash though, myriad?

[lcg]

no!