MSE News: M&S Bank reveals its current account

realaledrinker

Packaged accounts will be the next mis-selling scandal and the OFT are putting pressure on the banks to make current accounts more transparent. All of which makes me think that charging for current accounts will become the norm within a couple of years.

JuicyJesus

realaledrinker wrote: »

Packaged accounts will be the next mis-selling scandal and the OFT are putting pressure on the banks to make current accounts more transparent. All of which makes me think that charging for current accounts will become the norm within a couple of years.

That and the FSA are on record as preferring explicit rather than implicit charges on products.

YoYoY

innovate wrote: »

Can you two please agree whose crystal ball is telling the truth, and then let me have the good one? Ta muchly.

Well here's some evidence of the start of the slippery slope

http://www.moneysavingexpert.com//news/banking/2012/07/santander-to-charge-for-free-business-accounts