Today the Banks make their final appeal against the Office of Fair Trading on unfair charges, you know the scam £2.5Bn a year for going £1 overdrawn then getting £39 of charges, which puts you even further in the red, which then incurs interest on interest. Then the inevitable threatening letters
I recently helped out a student friend of my son’s who had this problem, a swift vicious letter back drafted by somebody who was not intimidated by these arrogant bastards swiftly got a £210 refund of charges for going £1.87 overdrawn.
There is no such thing as ‘free banking’ it has a cost, the cost of that service should be published and charged quarterly. If the Banks offer ‘free banking’ to impoverished students that is what it should be free until they stop being students.
The Banks have stopped being Banks, they have stopped lending to business, they have lost at every level in the last three years, they are now trying the unelected House of Lords.
They are the other twin pillar of this corrupt Parliament