marsu
New Member
Posts: 4 
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Post by marsu on Apr 4, 2017 13:46:04 GMT
I do not know where you have your bank accounts but in Germany there are still a lot of banks with free bank accounts.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Apr 4, 2017 15:17:03 GMT
UK Banks are still one of the most generous in Europe. All other bank accounts I have in EU charge annual fees to just have an account which pays 0% interest and I also pay 30 euro cents for any transfer, even internal, and some also charge 30 euro cents to get money from another bank as incoming charge. In general, they charge for anything there is to charge... I previously banked at my local Banque Populaire which charged for everything, even things you never signed up for and internet access. I moved to internet only ING Direct which has no charges for normal transactions, gives free gold mastercards with free travel insurance and even gives you money for opening accounts and referring friends. It was well worth the trouble of moving as it was mainly done automatically by them. The current offer is €100 to open an assurance vie.
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Post by geoffrey on Apr 21, 2017 6:52:07 GMT
UK Banks are still one of the most generous in Europe. All other bank accounts I have in EU charge annual fees to just have an account which pays 0% interest and I also pay 30 euro cents for any transfer, even internal, and some also charge 30 euro cents to get money from another bank as incoming charge. In general, they charge for anything there is to charge... UK banks aren't generous. Witness all the fines for mis-selling. They make money from retail customers by selling them financial services that they don't need and by charging through the nose the minute they go into any kind of overdraft. They also sting people on any kind of overseas transaction with terrible exchange rates and ridiculous fees for debit card usage (I'm looking at you, Lloyds) or monstrous fees for SEPA transfers (Santander charges £25...). This is the main reason services like Revolut have cropped up, undercutting the banks while hoping to make a profit eventually on merchant fees.
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Post by nesako on Apr 21, 2017 8:04:05 GMT
Well, all I can say, all Banks try their best to rip off customer, neither of them are "good", just some are way worse than others... and I have seen much worse examples outside the UK. "Compensation" is not even in a Banking dictionary in some countries, all you get is "Tough  , there are no regulations here". Being sold stuff you do not need - this does open another can of worms, most people cannot manage money, never read any terms given to them and just blindly trust the advice given by the sales person. People need protection from themselves these days... |
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Post by Deleted on Apr 21, 2017 8:29:51 GMT
Well, all I can say, all Banks try their best to rip off customer, neither of them are "good", just some are way worse than others... and I have seen much worse examples outside the UK. "Compensation" is not even in a Banking dictionary in some countries, all you get is "Tough , there are no regulations here". I agree with this! I bank in multiple countries and UK banks are often ready to admit mistake, when they have made one and offer compensation than banks in other countries.
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, there are no regulations here".