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findings, saying the banks already help customers to compare account charges.
There is another catch too: some credit unions impose account charges.
The Wall Street Journal reported the departure followed $40,000 in questionable expense account charges.
Its 1-2-3 account charges £2 a month and gives you cashback on certain purchases, but no insurance extras.
The format uses plain language and makes it easier for consumers to see what sort of fees an account charges and to compare various banks' offerings.
However, the issue of bank current account charges is a matter of real concern to the banks' customers, and raises wider questions about competition and transparency of pricing.
Similar(30)
"Our members remain of the view that the current account charging system is fair and legal.
The BBA, which represents UK banks, said its members believed the current account charging system was fair and legal.
The company reported second-quarter cash earnings -- excluding certain noncash-account charges -- of 24 cents a share, flat from the previous year but 2 cents above analysts' estimates compiled by Thomson First Call.
To beat out the implementation of new regulations, banks are rapidly jacking up checking-account charges and credit card fees, even for those who have paid their bills on time.
This nonstandard metric excludes arcane accounting charges.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com