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Originally Posted by entwisi
The Goverement have forced all banks to provide a 'basic bank account' which must be such that it can't go overdrawn. I believe that these must also be free so there should always be an account suitable for those on low incomes/pensioners etc (If you already have an agreed overdraft then I believe the other accounts are also free under First Directs plans).
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But you can't pay bills or use direct debit with the basic account, its reaching a point were the only way to lead a normal life financially is to have more than a basic savings account, I mean peolpe are literally forced to use banking sevices and the banks know it!.. its extortion of people reicieving tax credits or a state pension. And what about family allowance? I don't think its more than 20 quid a week for one child..so you have to pay £10 for the privilage of having it paid into your account?
Cashman is right.. its only the better off getting away scot free again who don't see anything wrong.