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Bank Charges - Banks Win!

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  • oscar52
    oscar52 Posts: 2,272 Forumite
    bendix wrote: »
    Not at all. Habitual defaulters will have their accounts closed. Who needs bad customers?

    And if all these accounts get closed where will their profit come from??? From people like you - who will then have to pay account fees to prop up these profits.
    No Longer works for MBNA as of August 2010 - redundancy money will be nice though.

    Proud to be a Friend of Niddy.
    no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date
  • vaporate
    vaporate Posts: 1,955 Forumite
    edited 28 November 2009 at 2:42AM
    oscar52 wrote: »
    And if all these accounts get closed where will their profit come from??? From people like you - who will then have to pay account fees to prop up these profits.

    Exactly. The banks made a record profit from charges alone. Don't quote me on that though.

    http://search.bbc.co.uk/search?go=homepage&scope=all&q=banks+profit+from+charges

    Banks need 'bad' customers who are always in debt to make profit from, yet may want 'bad' customers to pay back debt owed. It is a hate and love relationship.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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