Member Info for bigsmoke

A big win for the consumer - as big banks increase to 40%.
Methinks customers will speak with their feet.
#flighttometro.

https://www.thestar.co.uk/business/landmark-sheffield-bank-could-close-1364429

A Metro Bank is set to open next door later this year. It is also a trendy ‘challenger’ bank that welcomes customers with dogs and even offers free dog biscuits.

Mr Brien added: “We have to be aware of the competition. Metro will keep us on our toes. We have to speak with one voice and do what we do well.”

https://www.thesun.co.uk/money/10734497/best-banks-0-overdrafts-hsbc-barclays-santander/

Starling and Metro Bank

If you don't want to be limited to a set time period or amount, then Starling Bank and Metro Bank are currently offering the lowest overdraft rates at 15 per cent.

Although, from April 1, Starling Bank will change its overdraft rates to 15, 25 and 35 per cent.

The rate you get will depend on your credit score, so keep this in mind before you switch.

If you prefer to have branch access then Metro Bank is likely to be a better option for you.

Customers who are £500 into their arranged overdraft over 15 days would currently pay £3.08 in charges at the two banks.

This compares to fees of £6.99 if you instead had to pay a 39.9 per cent interest rate.

With all of the accounts above, you'll need be a UK resident and at least 18 years old.

Rachel Springall, finance expert of Moneyfacts, said: "The FCA flat fee ban should incentivise consumers to check whether their current account is charging them a fair rate for overdrafts and if the account overall is working hard enough for them.

"If the deal overall is no longer lucrative then they would be wise to take advantage of the current account switcher service and move to an alternative account which offers a better deal overall.

"There is help out there for those struggling with debt, such as with dedicated debt advice charities.

"It is never too soon to ask for help as debts can easily get out of control and the sooner the better to get back on track with finances."

the start. IMHO.

eventually

on its way to 220.

220 hear we come.

when the names all reappear.

seen more u-turns voiced this week then on a sat nav.

Jinny122 - sounds like you are going full tilt then.

JJ - "They have their shareholders to 'answer to'. "
don't make me laught. when did that ever happen? And in RBS case? That would be UKGov, who have and public interest reason for decision making, and not classic economics.

good for you, goldy7. good bye.

JInny122 - "£1 is worth £1 as someone said on another board."
IBB - "That depends on who you lent it to."

IBB you have introduced new context - the money is under loan. You are then valuing the obligaiton to repay a £1. Which is never £1 for £1 - hence why banks offer cash flow finance.

LTH - "What about £40 the price at which the CEO sold millions of pounds worth"
- well, looks like he has the cash to acquire, rinse and repeat. don't it?

let's see 9 getting printed again.

there is little reason for the rise.

Those that bought at £30 ps were mugged.
In any event, they have been dilluted. If they do not know that, their money should be in trust.

Jinny122 - in response: https://www.youtube.com/watch?v=Pn0WdJx-Wkw

Mr T - take some Fluoxetine (if so advised).

"will be immediately rejected by the shareholders"
- SORRY, i never got the Survey Monkey link. When were the shareholders polled on this Q?
I would hazzard a guess that an offer of 500 pps would get snapped up.

who shot JFK?