Wednesday, November 15, 2006
Are the Tra-La days over?
First Direct is set to charge customers for running a current account unless they pay in or keep a balance of £1500 a month. It is proposing to charge people who only hold a current account a fee of £10 a month. With base rates rising, annual charges for using credit cards touted as likely and now First Direct making moves to stop free banking are the days of an economy propped up by the consumer taking advantage of cheap credit coming to an end.