MSE News: Millions benefitting from fee-free basic bank accounts

Legacy_user

More than four million banking customers benefitted from fee-free basic accounts during the opening six months of 2016 ...

Read the full story:
'Millions benefitting from fee-free basic bank accounts, but some Lloyds and RBS customers are missing out'

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Consumerist

Aren't these two banks part publicly-owned?

Sounds to me like there's a severe lack of public interest by government.

Anthorn

From the article:

You don't have to have credit problems to open a basic account, so it may be an account to consider if you're looking for a simple product that can help you manage money and won't allow you to go overdrawn.

It is in fact becoming increasingly impossible to apply for a basic bank account. A regular account has to be applied for first and then the basic bank account is offered if the regular bank account is not available to the applicant.

In addition even a basic bank account is often not available to those who are bankrupt or have an IVA!

Get clued up, MSE.