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Banking Reform - more charges!?

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The banking report from Sir John Vickers and the ICB didn't stop at demanding banks break up their retail and investment arms to protect us from their "gambling" failures. It also looks at changing the way banks charge us for their products.

Can we expect them to bleed us dry by charging for other banking services like current accounts....

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Consumer factsheet on current account charges

A factsheet for consumers who have a complaint about a bank charge that has been applied to their current account from the Financial Ombudsman Service.
Uploaded by Sylvia Ma 09-05-2012 at 13:48

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Tranferring accounts...easy? No way....

I went to my bank with the simple intention of closing an account and transferring to a new account with another bank. I was met with a mile-high of red tape, numerous staff, customer service phone calls and vists to the bank (each visit involved at least half an hour). At last after a few weeks they managed to transfer ...
Jayne Morefield posted 14-09-2011 at 11:45
Christine Waterman posted 10-10-2011 at 21:34
Hi all - maybe I shouldn't be asking a question here, but if an account is owned jointly in the names of two or more people and it is designated as "with rights of survivorship," then when one of the account owners dies can the surviving owner simply continue to own the account and use it without needing to refer to ...

Glimmer of hope?

The ICB called for new competitors to come out and take on the big banks without making it more expensive at the same time. I notice that the Metro Bank was a start, and with eight years to go they have some time to get off the ground before we find ourselves paying for the privilege of propping up further some banks we already ...
infinitewisdom posted 13-09-2011 at 18:55
Sickofitall posted 13-09-2011 at 19:28
Finally the Government may actually do something it said it would do, although we are talking 8 or 9 years for this to be implemented. Thanks to the banks we have no local facilities, huge state debt and little ability to borrow to buy a property or run a business. But the big bonuses still keep rolling on. Why can't we have a ...

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