More and more banks are now charging us account fees, or monthly maintenance charges, but why?
Well, it's clearly something to do with the high numbers and success rate of many of you claiming back unfair banking charges!
Banks don't like to lose money, and with more than 1 million of us having downloaded complaint forms from consumer websites, and with more than £50 million being refunded in penalty charges, banks will continue to lose a whole lot more money!!
So they want to get some of that money back and so one way of doing this is through having account charges!
Most of us don't want this to happen but there are some banks that are (at present!) committed to free banking. A few are currently offering great interest rates and cash incentives to entice us to switch to their (free) current accounts.
Halifax is even offering you £100 if you switch to one of their current accounts!
So if you are fed up with being charged to gain access to your money, then maybe its time you switched?