Sunday, November 19, 2006

Not banking on it.... 

So we may see the end of free banking for current account holders who retain a credit balance –if the current (pun intended) plans of the Directline bank are a model for the industry.

There is perhaps a parochial political consequence – for all of us who have been or may become election agents. The standard advice has been for each agent to open a bank account separate from our personal accounts and also from the local party accounts, solely to conduct the business of an election. This suggests possibly thousands of ‘dormant’ accounts out there held by LibDems and others. At £10 a month fees per account this is money that adds up. Over to ALDC for advice?

The consequences for small voluntary organisations if this plan is extended to them will be troubling…

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