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Uswitch comments on new fee-free basic bank account measures

Commenting on the new, fee-free template for basic UK bank accounts revealed by the Treasury, David Mann, Head of Money at Uswitch.com, says: “This is a welcome overhaul of the basic bank accounts system. It is far better that people with money problems are helped to stay within the mainstream banking system, rather than excluded from it and forced to operate cash-in-hand or access unscrupulous payday lenders.

“Basic bank accounts don’t offer overdrafts or cheque books, but they do give people an account to receive income and make payments, ensuring they can set up direct debit payments and have access to the cheapest rates on utilities for example.”

FOR MORE INFORMATION

Jason Wakeford

Phone: 0203 872 5612

Email: jason.wakeford@uswitch.com

Twitter: @UswitchPR

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Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.

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