To quote that infamous sign outside a farmer's field: "Access to this field is free, but the bull charges". And so do banks in the UK. One bank, I believe it's the Royal Bank of Scotland, charges for the following, to name but a few:
- depositing money into your account
- withdrawing money from your account
- writing cheques
I think it's a damned disgrace that people have to pay to handle their own money. The worst of it are the cash machines that charge you £1.50 just to make a withdrawal. Most ATMs in the UK do not levy this charge, but a substantial number do. A report earlier this week suggested that quite a few of these charging cashpoints are located in areas of economic deprivation. One Scottish bank has offered to install free cashpoints in such areas.
Irrespective of their location, I think ATMs should not charge to withdraw money from them. It's OUR hard-earned cash, and the banks make more than enough of a profit that they can afford to run charge-free ATMs in all locations.
I always refuse to use the ATM's that charge you, it's mostly those in private grounds that charge. One along the road that is outside a MacDonalds charges, I've never seen anyone use it! Jeannette xx
ReplyDeleteHere in the US they charge too, if you use your banks ATM there's no charge, but other wise you get charged!!!
ReplyDeleteSome banks charge a service fee for handling your money...but some banks don't... you have to search!
Sug
Am with RBS, and don't get charged for depositing or withdrawing money or writing cheques, and there is no RBS in Northern Ireland lol. Now i could believe it of Natwest..or Barclays..maybe its Bank of Scotland...don't know. I have to pay a charge to withdraw from my Visa a/c...but that's standard with Credit cards i think. RBS now own Natwest...of which Ulster Bank is a part of...and their charges have decreased apparently, per their recent advertising.
ReplyDeleteI agree with Sugar...you have to search for a bank with good deals here in the US....have a great weekend...hugs and love,
ReplyDeleteJoyce