Bank charges
After reading recent statements and letters in the press about the higher charges levied by HSBC, I would like to share with your readers some of the comments made by the British Consumers` Association as reported in the Daily Mail on May 3, 2002. This...
After reading recent statements and letters in the press about the higher charges levied by HSBC, I would like to share with your readers some of the comments made by the British Consumers` Association as reported in the Daily Mail on May 3, 2002.
This "watchdog" has checked the interest rates on current accounts and interest charged on large overdrafts by the "big four" - Barclays, RBS-Natwest, HSBC and Lloyds TSB - and how they compare with the best of the rest.
Just as in Malta, little is being done to protect the consumer from being walked over "by a rather well organised sector of corporate Britain".
This seems to ring a bell and maybe the answer is to switch banks and thus let them know how the consumer feels about cartels and unncessary increases.