HSBC Business Banking - £5.50 per month!

[Halo Jones]

It's about to be broken up into Lloyds and TSB parts, a perfect time to review charges...

Anyone know what the decision process was in regard to which account goes to which bank?

I bank with LTSB and have had the letter saying I am going to Lloyds not TSB, I wondered if it was because I originally set up with Lloyds ?

Just curious really.

[v8gaz]

Anyone know what the decision process was in regard to which account goes to which bank?

I bank with LTSB and have had the letter saying I am going to Lloyds not TSB, I wondered if it was because I originally set up with Lloyds ?

Just curious really.

Partly down to location, they have a list of branches that will be TSB. However, if you're a SHTO (super high turnover) they're keeping you at Lloyds.

[barrydidit]

Anyone know what the decision process was in regard to which account goes to which bank?

I bank with LTSB and have had the letter saying I am going to Lloyds not TSB, I wondered if it was because I originally set up with Lloyds ?

Just curious really.

Depends only on the branch you originally set up with. All C&G is going, some Lloyds, some TSB and all (IIRC) Lloyds TSB Scotland. I think that's about it, there was a list somewhere....

Oh, and that was based on your 'primary account', which they decreed to be your current account, rather than loans or mortgage or owt else.

Linky

Of course, TSB will just be a clone of Lloyds, so not much of a change what side of the fence you end up on.

[barrydidit]

Partly down to location, they have a list of branches that will be TSB. However, if you're a SHTO (super high turnover) they're keeping you at Lloyds.

It had to be a representative sample of the branch estate, so some really good ones, some not so good ones and some in Wales.

[TheFaQQer]

They back tracked when they realised loads of customers were leaving. The press complaints about broken promises also helped them to change their mind.

They backtracked once people started talking about legal action - the original advertising said that there would be no charge ever on that account.

[BoredBloke]

I wouldn't mind a fee if they paid a proper amount of interest on their accounts.

[lukemg]

You people actually pay someone to let them use the thousands in your account, what's wrong with this picture ?
You couldn't make it up....

[doodab]

You people actually pay someone to let them use the thousands in your account, what's wrong with this picture ?
You couldn't make it up....

Alternatively, you people actually pay someone to keep tens of thousands of pounds safe and enable you to access the money and make payments in an instant, all over the world.

How much do you think they make from the money in the average current account? Most of the money they lend is money they borrowed, not deposits.

[d000hg]

And it's free because they are a charity???

99% of personal accounts in the UK are fee-free, you gurning moron. Banks do not need to charge you for letting your money sit in their coffers, they rely on it otherwise they couldn't provide loans.

[AtW]

I wouldn't mind a fee if they paid a proper amount of interest on their accounts.