Comments on: The end of free banking http://blogs.reuters.com/great-debate-uk/2009/06/26/the-end-of-free-banking/ Sat, 28 Nov 2009 11:40:56 +0000 http://wordpress.org/?v=2.6.2 By: John C http://blogs.reuters.com/great-debate-uk/2009/06/26/the-end-of-free-banking/#comment-5336 John C Sun, 19 Jul 2009 11:46:53 +0000 http://blogs.reuters.com/great-debate-uk/?p=2085#comment-5336 In many countries no one is allowed to go into the red on their current accounts - for example, unauthorised overdrafts are illegal in France. If you need an overdraft facility then you must arrange it in advance and, of course, pay a fee. I don't see why we couldn't use a similar system here. In many countries no one is allowed to go into the red on their current accounts - for example, unauthorised overdrafts are illegal in France. If you need an overdraft facility then you must arrange it in advance and, of course, pay a fee. I don’t see why we couldn’t use a similar system here.

]]> By: Ian P http://blogs.reuters.com/great-debate-uk/2009/06/26/the-end-of-free-banking/#comment-4728 Ian P Fri, 26 Jun 2009 13:02:50 +0000 http://blogs.reuters.com/great-debate-uk/?p=2085#comment-4728 Don‚t bank customers have some responsibility to regularly check and ensure that their accounts stay out of the red? True. I check my account on line about 3-4 times a day. However, the bank I use is regularly applying debits to the account over night and out of their supposed banking hours. Can I get the bank to do anything out of hours? Of course not. Often a direct debit is applied Friday night for a Monday payment and taking the account overdrawn for the weekend. The banks response..................nothing. Don‚t bank customers have some responsibility to regularly check and ensure that their accounts stay out of the red?

True. I check my account on line about 3-4 times a day. However, the bank I use is regularly applying debits to the account over night and out of their supposed banking hours. Can I get the bank to do anything out of hours? Of course not.
Often a direct debit is applied Friday night for a Monday payment and taking the account overdrawn for the weekend. The banks response………………nothing.

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