lients are as confused as their banks when dealing with ‘fresh’ accounts. Before the crisis, terms and fees for account management used to be similar between banks, as they competed to attract the most customers and expand their market share. This is not the case anymore. Banks have become picky, and are shrinking their roster of individual clients. With their revenues from interest rate margins having plummeted, banks are now relying much
High bank charges on fresh fund accounts
Nov 26, 2021
2 minutes
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