Daily Mail - OFT inquiry 'could spell the end of free banking'

High Street banks which make millions of pounds of profits from current accounts today faced a fullscale probe from consumer watchdog, the Office of Fair Trading.

The watchdog's growing interest could spell the end of free current account banking in the UK if it concludes too many charges are too high.

The study sits alongside an investigation into the fairness of current account charges announced last autumn and follows specific probes into credit card and overdraft charges.

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