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Russ · 21-03-2012, 08:39

Some good could come of this. Say all the banks brought in charges for withdrawals, direct debits etc, it would be massively unpopular but if they all do it, we'll have no option but to put up with it.

The time would then be ripe for an up-and-coming financial institution to start up and offer free banking. It may cost them to do so but if marketed in ways similar to how Branson does things, I can see millions of people using them. The other banks would lose customers by the bucketload and I'm sure that sort of loss will make them reconsider their charges.

I might be a bit too ambitious with this idea but in times of unpopular financial decisions if someone can be seen as a financial saviour, who knows?

21-03-2012, 08:39	#20
Russ cf.mega poster Join Date: Jun 2003 Location: Half in the corporeal, half in the etheral Posts: 37,181	Re: They're at it again! Some good could come of this. Say all the banks brought in charges for withdrawals, direct debits etc, it would be massively unpopular but if they all do it, we'll have no option but to put up with it. The time would then be ripe for an up-and-coming financial institution to start up and offer free banking. It may cost them to do so but if marketed in ways similar to how Branson does things, I can see millions of people using them. The other banks would lose customers by the bucketload and I'm sure that sort of loss will make them reconsider their charges. I might be a bit too ambitious with this idea but in times of unpopular financial decisions if someone can be seen as a financial saviour, who knows? __________________ From Jim Cornette: “Ty, Fy, bye”