Do you pay a fee a monthly fee on your bank account? Yes? You probably do not need to.
Banks like to offer "premium" bank accounts to their customers which have a monthly fee ranging form £5 to £40 per month. You are paying for travel insurance and mobile phone insurance, which you can get elsewhere more cheaply if you want or need them.
15% of the population have accounts like these. If you have one of these accounts, seriously consider moving it to a fee free account.
Posted by Sean Wilson, APFS, Independent Financial Advisors (IFA), Swindon, Wiltshire.
Banks like to offer "premium" bank accounts to their customers which have a monthly fee ranging form £5 to £40 per month. You are paying for travel insurance and mobile phone insurance, which you can get elsewhere more cheaply if you want or need them.
15% of the population have accounts like these. If you have one of these accounts, seriously consider moving it to a fee free account.
Posted by Sean Wilson, APFS, Independent Financial Advisors (IFA), Swindon, Wiltshire.
