Bankers

[AtW]

Got home and found helpful communication from bank about my account:

1. New minimum £5 monthly fee for overdraft usage

2. Bank will generously provide first £10 of overdraft that won't count as unauthorised

3. "Changes to interest we pay you": they will no longer pay interest on money in current account, currently they pay 0.1% but clearly they think even that's too much!

[SofaKingdom]

Got home and found helpful communication from bank about my account:

1. New minimum £5 monthly fee for overdraft usage

2. Bank will generously provide first £10 of overdraft that won't count as unauthorised

3. "Changes to interest we pay you": they will no longer pay interest on money in current account, currently they pay 0.1% but clearly they think even that's too much!

Withdraw your life-savings, put them back in the piggy-bank your mum gave you, put it on the kitchen counter of your bedsit and stop worrying about things you can't control.

[TimberWolf]

If you read the small print, about 3/4 of the way down the 8th page of carefully prepared boring stuff, it'll say they can take away the overdraft limit any time they like and make you pay up the difference. There's probably a lot more small print like that in the agreement, if you can decipher the obfuscated passages and have extreme patience. I take the easy road and don't read any of it ,but assume they are out to rob me.

[AtW]

I take the easy road and don't read any of it ,but assume they are out to rob me.

The real annoying part is that they pay savings rate of now 0% but still lend at 5-7% on low risk type of debt, a lot more on higher risk, and instead of rebuilding balance sheets they just use those profits to pay themselves usual bonuses.

[gingerjedi]

Get a current account with a building society, they're probably not an awful lot better charge wise but at least the staff won't be filling their boots at your expense.

[Shimano105]

Spend it all instead. Banks are now in full-on robbery mode (don't forget all these luverly cuts as well, that are to pay off the bail-outs).

You are part way there by renting, thus not buying into the home ownership ponzi scheme (i.e. interest payments).

I'm not taking the p* by the way, I'm one of the few that admire your rental approach.

[xoggoth]

Not taking the p* out of ATW? What the matter with you man?

[Shimano105]

Because these days he's one of the sane ones! Jeez, the bedwetters around here.

[d000hg]

The real annoying part is that they pay savings rate of now 0% but still lend at 5-7% on low risk type of debt

Are you familiar with the concept of a bank? It's not a public service...

[HairyArsedBloke]

Get a current account with a building society, they're probably not an awful lot better charge wise but at least the staff won't be filling their boots at your expense.

I think this is the best thing for 99% of people.

I (HAB not HAB Inc) only have a building society account (Nationwide) in the UK. Does everything I need; even the international stuff.