Over the years I have always had issues with banks due to excessive charges and not only that but the way its processed to try and catch people in the loop. E.g. if I buy something I get a receipt. Banks on the other hand stick charges onto your account in the background and often your only aware of it last minute or when its too late to deal with it. E.g. an account that is waiting for funds (currently my UK one) as I am due a bank rebate has a small amount in it less than £10 because its waiting for around £1,300 to arrive. The bank then sticks £5.00 per month banking charges onto the account without telling you directly. They add the £10 for the last two months straight onto the account without notifying you except on your statement after its been processed. Result they can not only charge £10 for nothing but also try to get the bank account overdrawn. Nothing like money for nothing. Its partly why a lot of people get in debt in the first place because of the process of charges and how its done. As you may say read the small print but in theory im not even with Alliance and Leicester anymore as it was sold off to the Spanish group Santander. Yet that isn’t even important enough to say “are you happy to keep your account with the new company?”. Because previously I have moved companies purely due to history. As for example I was with Midlands bank from school age but later moved because it was bought by HSBC.
What has irritated me so much about this though? its always the fact banks don’t tell you about the charges advance. An automated email etc. is it that hard to do? Next issue will be me trying to close my account as I will no longer be needing it. If the tax office actually paid out the money they owed me on time I would probably have closed the Alliance and Leicester account months ago. One of the few ties I still have with the UK will soon be gone besides family. Good riddance! lol..