[u678u]

Its about time it became normal in the UK for accounts to carry fees. I dont know how retail banking can continue without them. Esp the new fintechs they will have near-zero revenue coming in and have to pay to hold cash.

[robertnn]

Why? Many banks are already making lots of money, regardless if you know how they make their money or not. I definitely do not agree that "its about time" to pay for having an account.

[u678u]

> Many banks are already making lots of money

I think you mean some UK banks made money before rates went negative. The ones that made the most are in corporate and investment banking. Retail is a disaster zone.

[jaywalk]

If you go to your local branch and ask to pay some fees, I'm sure they can find a way to accommodate.

[u678u]

> If you go to your local branch

I dont even have one any more. And I imagine most will be shutting down very quickly now.

[syntheticnature]

Negative interest has to deal with lending (and savings) base interest rates, not as a fee per se, but as a tool of monetary policy.

[LatteLazy]

Banks' investment/trading arms get substantial tax breaks and one condition is that they have a certain number of UK retail accounts.

That's it really.