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Wednesday, 30 August 2006
Hidden charges

Hidden Bank Charges

I took this photograph of a notice that someone had hand-written and propped on top of a cash machine. It warns of a £1.85 “hidden” withdrawal fee for using the machine.  The problem is that banks have made effective use of modern technology in order to reduce the need (and inconvenience) of branches. However they now only want to maintain cash machines in the most profitable sites. In less profitable sites, they allow third parties to run machines that charge exhorbitant fees. They started charging fees themselves, but there was an outcry and they have almost all stopped. This hasn’t stopped them tapping into other sources of hidden charges.

Posted by bigblue on 30/08/2006 at 10:18 PM
Filed under: EuropeUnited KingdomEngland • (0) CommentsPermalinkBookmark or Share

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