Is it time to end 'free' banking?MoneySaving Poll Results

We’ve long said ‘free’ banking’s a myth. In reality, it’s ‘fees-free’ for those in credit. The price is no in-credit interest, high overdraft interest and hefty bank charges.

Some policy wonks are calling for the end of 'free' banking. They say banks would mis-sell less, as they wouldn’t need to flog as many other products to subsidise it.

So, a simple choice: would you change things?


Make charges transparent: People should pay for what they get, with no cross-subsidies, even if it means a monthly fee.782 votes (11 %)
No change: Keep fees-free in-credit banking as it is.6,094 votes (89 %)

                   6,876 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.