Bank statement abbreviations

ladylouise62

cster wrote: »

People really should investigate rates and charges associated with accounts before agreeing to them...

I do get surprised at how many people don't seem to take note of possible charges when they join things - I purposely didn't join this lot because of the inactivity charges.

egezer

ladylouise62 wrote: »

I do get surprised at how many people don't seem to take note of possible charges when they join things - I purposely didn't join this lot because of the inactivity charges.

I am quite suprise to read this post. Although there is a element of truth for the one to check through charges. It is however a common sense to not pay for something which you do not use and hence why many people do assume this.

I do find this rather strage as if youhave long term trading strategy, you will make a fixed lost any how.

ztkr

Yep... it's definitely in Barclays Stockbrokers T&C's that if you don't trade within the last quarter, you pay an inactivity fee. I guess they have to make money somehow.

Personally I don't think their trading account is good value at all, what with the aforementioned fee and fairly uncompetitive dealing costs. I only joined them because I had to trade something unusual. Even worse, it had to be done over the phone, and their phone dealing rates are astronomical - I paid £65 for a single large trade! Fortunately it was worth it as my profit was considerably more :cool: