No Fee Banking Account Without Any Penalties

No fee banking

The banking revolution, today celebrated the launch no fee banking account. Santander, the owner of Abbey, a revolutionary movement could signal the end of the rip-off millions of customers.

No fee banking account overdraft fees are not worth it, do not pay to jump, free money abroad without the quotes. However, 12.9 per cent interest on all authorized and unauthorized overdrafts. And the rule that is sure to copy by competitors, the account is available to those who have a mortgage.

The experts approved the change yesterday, but warned that millions will lose all credits. Start the bill marks a drastic change in the industry that undermines the customers pay. Some of the steepest prices include the £ 39 look without spending money and £ 30 for every time an overdraft exceeding the credit limit.

These prices mean that the current account is worth about £ 8.3billion a year, which is a staggering £ 152 per account. Move to Santander, which is part of Alliance & Leicester and Bradford & Bingley, to spend a few days before the long-awaited court decision on charges.

On Wednesday, the Supreme Court ruled that the banks start to a year to customers. No fee banking Balance of payments on 11 January next year, the Abbey and B & B, remarcados Santander.
Since that date, customers will be able to change your mortgage for free.

The expectation is as the current account balance is no fee banking account has been widely copied by competitors. This is a completely new way of banking practice Considerámolos challenger base.

Santander, in the hope that even more products to customers in the bank, ideally in the mortgage market and savings accounts, current accounts, loans and insurance. Loyalty to a gold mine, all the banks and the current account balance is the key to our clients, but their rivals.