In the News - High Street Banks
High Street Banks raid consumers ahead of OFT ruling
High Street banks have been accused of making a grab for increased revenues ahead of the much-anticipated OFT ruling on bank charges. Millions of bank customers could soon be paying up to 20% more for their banking services following predictions that the OFT will rule that penalties imposed by banks on customers who exceed their overdraft limit - a source of revenue that was previously worth millions of pounds per year to banks - are unlawful. Royal Bank of Scotland, NatWest and Lloyds TSB are all increasing their monthly fees for premium bank accounts (reported most recently in 'In the News' on 25 April 2008.
It is thought that the move could affect up to 7 million British consumers.
(Sources: Times Online)
Rate these businesses/organisations:
- Royal Bank Of Scotland (-1.60
) - NatWest (-2.30
) - Lloyds TSB Bank (1.71)
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08-May-2008 14:03:52
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