Thursday, 29 January 2009

Beware of speedy banking

With online banking we manage our accounts, pay bills and transfer money throughout the working day. We welcomed the changes last year that meant we could transfer money between accounts in hours as opposed to days. Imagine the language in the office when our 'bailed out bank' slipped into the statement a charge of £0.45 for every speedy banking transfer. No doubt in the small print somewhere this was stated but they certainly did not make it obvious. Another example of certain banks milking the small business.

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