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Exactly this - the UK banks tried to move closer to their US cousins a number of times, but each time consumers managed to stop a lot of these charges becoming

by beseku 15y ago

Exactly this - the UK banks tried to move closer to their US cousins a number of times, but each time consumers managed to stop a lot of these charges becoming commonplace, particularly with regard to charges or ATM fees. If you want a really convoluted banking system, try Japan. Its not that you get charged for using another bank's machine, you just can't, with the ned result being that you are always on the hunt for the convenience store that contains your banks machine. My bank also offers no automated payments, and entering payment details is a sea of impenetrable numbers.

yardie 15y ago
Speaking of UK banks. I had the unfortunate privilege of having to use one. My salary wasn't posted on time but all the scheduled drafts went through. A few were rejected and not only did they hit me with the overdraft fee, they also hit me with an additional fee of mailing me a letter saying they were rejected. 3 of them to the tune of 20£ each. I believe the UK consumer watchdog organization took them to court over this and I had some of it refunded. Later, they emailed me that due to this ruling they were raising monthly account fees for everyone.