Fees ‘would rule out bank accounts’

ABOUT one in six Britons say they could not afford a current account if “free” banking were ended, a study has found.

Some 16 per cent of people surveyed said they would be unable to pay a regular fee to hold a bank account, while 81 per cent said they would not be prepared to pay even a small flat monthly or annual amount, comparison website uSwitch.com found.