MONEY MATTERS: Could banks extend negative rates to ordinary consumers?

Bank deposits could be next in line for charges, writes Emma Kennedy

22nd August, 2016
Free banking is hard to find Pic: Pixabay

How things have changed. Now free banking is hard to find, unless you perform the appropriate financial contortions each month. In order to qualify for free banking these days you typically have to meet certain requirements, such as keeping a hefty sum in your current account at all times.

Not only are consumers paying more for day-to-day transactions, but some banks have now set a worrying precedent by charging a small number of customers to...

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