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| Bank fees and costs | |
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| Tweet Topic Started: May 28 2006, 11:24:51 AM (228 Views) | |
| ABCDiamond | May 28 2006, 11:24:51 AM Post #1 |
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A selection of comments from a report in the Sunday Mail paper today AUSTRALIANS are paying some of the highest banking fees and charges in the Western world. The margins – the difference in the rate at which banks borrow and the one at which they lend to you – are 1.31 in the UK and 1.89 percentage points in Australia. The research also reveals that over the life of a typical Australian mortgage, borrowers pay $6,712 in costs, compared with $5,086 in Britain Credit-card holders are also getting a raw deal. Australian banks take a 9.1 per cent margin compared with 7.55 per cent in the UK. The average customer here spends $96 a year on monthly fees, ATM transactions and other standard charges compared with $56 in the UK. |
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| ProofReader | May 28 2006, 08:23:32 PM Post #2 |
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Unregistered
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I'm so sick of banks and their fees for this and charges for that, that I reckon it's time to get the old shoebox out and stash it under the bed! If only I had summat to put in it!!! :( ;) |
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| Tiredwithtwins | May 28 2006, 08:53:46 PM Post #3 |
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Admin
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lol!!! the old chap who lodges with my mum has over £4k in a box in the bottom of his wardrobe :o plus several grand in his post office account......his reasoning, in his words, ''so t'bluddy dhss cant get their thieving hands on it'' lol :D we dont seem to do too bad with charges.....we have a free overdraft with the halifax, which stays free providing at least £1000 a month goes in....not too hard with both wages and child benefit going in. interest is minimal - its usually about £3 or £4 a month (cos we are ALWAYS overdrawn :lol: ) and savings sit in the ISA's or the kids tax free savings accounts :D |
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10:54 AM Jul 11