> I don't really understand why current accounts in the US cost $12-8/month. It isn't like "checking accounts" in the US have much better interest rates. So the

> I don't really understand why current accounts in the US cost $12-8/month. It isn't like "checking accounts" in the US have much better interest rates. So they're likely double-dipping (getting $ off of the spread AND fees). That 12-8/mo is typically a fee for not having an average minimum balance, or not having direct deposits in a given month. I think it's their attempt to recoup the management overhead of having the account vs. the interest they earn on it.