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| Originally Posted by Simon Lamb If your interested, I'm in canada, and this is how my banking works...
I pay a monthly charge of between 10 and 30 dollars just for having a bank account.... there are some quarterly charges...
Most DD / debit card purchases attract a small charge of 25 - 50 cents.
I have to buy my cheque book at the rate of a buck fifty per cheque. I pay another buck fifty to have those cheques processed. (so each cheque I write costs 3 dollars).
All ABM withdrawals are a buck fifty (including my home branch). Withdrawals from other banks are often levied a further buck fifty from that bank.
My credit card has a monthly charge of 10 bucks.
To open my account I had to have a reference from my UK bank and my employer, or I would only be allowed a mickey mouse kiddies account.
If banks are stopped from penalising unauthorised o/d and so on, they'll start this lot up.
Si |
Will I be charged for banking with first direct?
Provided you credit your Bank Account or Cheque Account with at least £1,500 each month (internal transfers from first direct accounts excluded), keep an average monthly balance in excess of £1,500 or have an additional product (see next question for details) with first direct you will not incur our banking fee.
first direct charging announcement - frequently asked questions
From what i've been told (I'm in the industry) - this is a "toe in the water" and if it's successful other banks will follow suit. Eventually you will have to pay to get to your money.
G.