Originally posted by jamesbrown
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"with a bank charging an account maintenance fee that reflects the cost of maintaining the account."
Again I have an issue with this. How much does it really cost to maintain an account?
If it is highly active with lots of daily transactions then yes a maintenance cost would be merited. However, most accounts now are handled by the Clients, the end-users via the internet, therefore please explain where the costs lie. It is certainly not in running IT systems in the bank. IMHO it is just an excuse to charge more money from the customer which is used by the banks for monetary investment.
Thanks
BPCY
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