Packaged account charges on the rise

The monthly fees charged on some packages current accounts have been hiked up recently according to a recent report, with officials stating that this is the first step that banks are taking in order to make up for possible losses stemming from the recent High Court test case into bank charges. Whilst the judge ruled in favour of the Office of Fair Trading in the case, which means that the OFT will be able to assess the banks’ terms and conditions for fairness, banks have appealed against the ruling. Read more

Tags: report, set monthly fee, premium, Gold, bank account charges, preferential borrowing rates, benefits include things