Free banking could end, says RBS boss – Telegraph

[Legal Beagles]

The end of free banking for customers is probably only a matter of time, with direct charges for current accounts almost inevitable, according to the chief executive of the Royal Bank of Scotland.In an interview with The Telegraph, Ross McEwan warned that the end of free-if-in-credit banking was coming as it would lead to greater […]

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[meellis]

Re: Free banking could end, says RBS boss – Telegraph

Can't say I'm surprised people don't seem to realise we are moving into a society where everything is being paid electronically what with direct debit this, standing order that, card payment for this and direct transfers cash is no good anymore. If people think that banks have too much power now wait until you need them for everything, gone are the days where you could go and pay over the counter for things and in some places you feel like they don't really want to except cash. Before I was bankrupt I didn't realise how difficult it was to get a bank account now I realise how the poor and unlucky are going to suffer more and no political party wants to start a state bank that people could use for basic needs for free.