Items tagged with: free banking

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How do you feel about 'the end of free banking'?

3 October 2021
There has been a lot of debate about 'free banking' recently. Some have argued that charging a transparent fee for all bank accounts will make banking fairer by putting an end to hidden charges. Others disagree. ... read more »

More calls for an end to free banking

18 June 2021
There's a 'desperate need' to reform the way people pay for their bank accounts, a senior banking executive has said. ... read more »

Bank account tips from a banking specialist

1 June 2021
The future banking regulator, Andrew Bailey, raised speculation that free in-credit bank accounts could be on the way out, after calling free banking a 'myth'. ... read more »

Bank of England official: "Free banking is a myth"

24 May 2021
Andrew Bailey, who is set to become the financial services industry's chief regulator, has called free banking "a dangerous myth". ... read more »

The end of free bank accounts?

6 February 2021
Paid-for bank accounts could help individuals as well as banks, a new report explains. Written by accountants PricewaterhouseCoopers (PwC), it goes into 'how market participants should adapt to the new realities of this fast-changing and increasingly challenging environment'. ... read more »

What the Vickers report means for bank customers

13 September 2011
The Independent Commission on Banking (which produced the Vickers report) recommends how to avoid a repeat of the financial crisis, when taxpayers were burdened with the cost of a bail-out. One important part of the report is the recommendation for 'greater competition between banks,' as reported by the BBC.... read more »

Is `free` banking really free?

24 January 2011
While Ana Botin, the new head of Santander in Britain, has told MPs that the `practice of offering free current accounts was "ingrained" in British culture`, research for The Daily Telegraph has revealed that consumers are paying more than ever for bank accounts.... read more »

Monthly bank charges `could ensure more transparent service`

16 December 2010
Many banks would like to scrap the existing `free` banking model in favour of a more transparent, paid-for banking service, according to former Barclays chief executive Martin Taylor.... read more »

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider. Cards are provided by third parties and are subject to eligibility, status and terms and conditions. Applicants must be UK residents aged 18 or over.