The Sun - Free banking threat 'unjustified'

A CONSUMER watchdog said moves to end free banking would be unjustified.

Which? responded to comments by Nationwide Building Society boss Graham Beale who muted charging customers to hold current accounts.

But Which? personal finance policy adviser Pula Houghton slammed any bid to impose fees.

He told the Sun: We can see no reason why competitive banks should consider fees for current accounts.

There is nothing to suggest that additional charges would be justified.

Mr Houghton said banks are able to make money using saver’s cash without the need for further charges just for holding an account.

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