Monthly Archives January 2008

Unlawful Bank Charges – What’s the Alternative?

It’s all over the news and I heard Martin Lewis (MoneySavingExpert.com) getting quite emotional on the radio today about unlawful bank charges. Of course we’d all love to have totally fee free banking and yes it’s true banks don’t only make money by charging fees. Here’s an informative thread on the consumeractiongroup.co.uk forum http://www.consumeractiongroup.co.uk/forum/campaign/47583-how-banks-make-their.html. The recent events focus primarily on overdraft charges that are imposed when a customer exceeds their agreed limit. If banks didn’t do something when people exceed their limits some might become more irresponsible with their spending knowing they wouldn’t be penalised. Is it fair to let
Read More