Banks promise to explain charges
Banks promise to explain charges"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
BANKS ARE PROMISING TO MAKE THEIR CHARGES CLEARER FROM JANUARY NEXT YEAR Banks are promising to make their charges clearer from January next year. Studies have shown combined fees can cost
three times as much per year depending on which bank you choose; however, confusingly presented information makes it hard to work out which is best. The banks have agreed new tariff
brochures will feature a prominent price list for 10 key services, to show at a glance how they compare. They have also agreed to standardise terminology and have pledged that, from the end
of June, monthly statements will show total charges applied in the previous month. The changes come after complaints French charges are too numerous, too confusing and too high. Consumer
group UFC-Que Choisir said the average brochure is 24 pages long and features more than 300 fees. A 2009 EC study found that the French banks’ fees were among the highest and least
comprehensible. The commission said France was the fourth most expensive country for an average bank user, at just over €150 a year compared to around €75 in the UK (the cheapest was the
Netherlands, under €50; most expensive Italy, nearly €300). For “simplicity”, French charges scored four out of 10, putting France among the five worst in the EU (the UK scored 7/10 and was
considered “above average”), while for “transparency” it was among the bottom seven. A comparison of French bank charges reveals wide differences, but it can be hard to compare like with
like because there is no standard and high street banks’ charges can vary by region. Consumer rights body CLCV, which teamed up with leading financial magazine magazine Mieux Vivre Votre
Argent in a study of 132 banks found charges for a typical “active couple” with a joint account varied from €158.70 at the Crédit Agricole Nord-Est to €296.50 at the Banque Populaire Centre
Atlantique, with the average overall being €226.12. For a “small consumer”, differences were even wider, from €41 to €131.66 at the same banks, with an average of e68.64. In this category
the study found it was best to go for “à la carte” services as opposed to “service packs” (a flat-rate monthly fee amalgamating some typical services). A study done in March on a basket of
13 typical services by a leading French information website, www.linternaute.com, found on average internet bank ING Direct had the lowest charges of all (€76 for the basket, combined),
followed by another internet bank, Boursorama Banque (€241.97), then La Banque Postale (€249.42). The highest were at Le Crédit du Nord (€356).
Trending News
Koepka threatens to restart dechambeau beef with instagram commentBrooks Koepka has threatened to restart his feud with old rival Bryson DeChambeau after taking a cheeky swipe on social ...
Lewis hamilton disaster exposed: toto wolff explains what happenedHamilton had taken pole by a huge margin - 0.6 seconds - on Saturday with a stunning lap in the third part of qualifying...
Married at first sight uk - meet the cast of season 9Married At First Sight UK is gearing up for its fourth season on E4, and fans are desperate to get to know the new bride...
‘angry’ gina kirschenheiter addresses shannon beador’s dui arrest: it felt like ‘karma’EXPLORE MORE Gina Kirschenheiter is finally speaking out. The 39-year-old “Real Housewives of Orange County” star addres...
Page not found - Eenadu.netContents of eenadu.net are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof, w...
Latests News
Banks promise to explain chargesBANKS ARE PROMISING TO MAKE THEIR CHARGES CLEARER FROM JANUARY NEXT YEAR Banks are promising to make their charges clear...
Sonus Announces 2012 Scholarship Recipients, Au.D Students Receive $20kAudiology leader supports eight students with annual monetary awards MINNEAPOLIS--(BUSINESS WIRE)-- The Scholarship Foun...
South sudan leaders order ceasefire as civil war fears grow"The president has declared a unilateral ceasefire, I want to reciprocate the declaration of unilateral ceasefire,&...
Climate change-driven cooling can kill marine megafauna at their distributional limitsABSTRACT The impacts on marine species from secular warming and heatwaves are well demonstrated; however, the impacts of...
Goldie hawn issues warning to parents amid coronavirus worriesGoldie then pointed out: “Anger and hurt and fear is also very contagious to our children, they will experience it thems...