Are 'free' current accounts a thing of the past?

colsten

camperdown9 wrote: »

There is a legal limit to the amount of cash you can use to pay for any transaction.

It's €15K for tourists so hardly a problem to any of us unless we have something to hide. Also, there are countries which have no limits, and I would not expect the UK t o model itself on countries with restrictive practices or rampant black economies.

http://www.europe-consommateurs.eu/fileadmin/user_upload/eu-consommateurs/PDFs/PDF_EN/Limit_for_cash_payments_in_EU.pdf

Zanderman

camperdown9 wrote: »

... Maybe I am being cynical but I really think this sort of behaviour is coming. Its going to be sold to us as "the hard working families of Britain are being robbed by people who are avoiding paying income tax".

Maybe.

But the theme of this thread is whether the CMA are recommending an end to free bank accounts.

And the news today (see my post above yours), unless I'm reading it wrong, is that they specifically are not recommending this.

So no immediate need to worry - unless one assumes the CMA recommendation will be ignored, or that CMA change their mind (the recommendation is 'provisional')

mgdavid

camperdown -
so there's no black / cash economy in France?
:rotfl::rotfl::D