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What? I've had various UK bank accounts for years and I don't remember every being charged anything at all. Except for a few one off things like same day paymen
by jbb555 11y ago
What? I've had various UK bank accounts for years and I don't remember every being charged anything at all. Except for a few one off things like same day payments to buy a house, that kind of thing.
- DanBC 11y agoFree banking in the UK usually means "free banking for a set of services, so long as your account is in credit". Large charges on people who inadvertently went overdrawn by less than £10 for less than a day have been a problem for many people in the UK. HSBC changed from a £25 fee each time the account went informally overdrawn to a £5 per day each time the account went overdrawn. http://www.telegraph.co.uk/finance/personalfinance/bank-accounts/11036692/HSBCs-new-5-a-day-overdraft-explained.html http://www.telegraph.co.uk/finance/personalfinance/bank-acco... Submitted article is talking about poor people. Budgeting is tough for poor people, and penalising those poor people because they are in tiny amount of debt for less than 48 hours feels unfair.
- eru 11y agoOn a single day the banks ordered the outgoing transactions from biggest to smallest, making sure the maximum number of transactions hit the 25 GBP fee. (They had some really crappy excuse for that, too.)