In
the UK my bank account earned interest if it had a positive
balance, it also attracted no fees or charges.
Sadly I cant say the same, for my Australian bank accounts.
The UK bank's still made money! they after all re-lent my money out as mortgage
loans,
and played the money markets with it!
High fees and charges, and next to no personal service were not needed or forced
on
me.
Why? "because building societies were in direct competition, with them."
"use electronic banking", "bank online", "use fpost" and
you wont attract fees
and charges. Does this sound all to familiar.
Q:Which
bank made nearly 4 billion $AU profit
last year?
Why are we not putting our volume business through
and supporting building societies.
Many Building societies are member owned,
that is to say that the people that work there
make money, but the customers are not paying
for excessive share holder profits.
If you feel like you want
to give your bank the long over due flick! visit
the site below.
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