Royal Bank of Scotland and Lloyds Banking Group are ditching their restrictions on customers with basic accounts using rivals' cash machines.
Inclusiveness should surely be part of a bank's mandatory obligations. It was a good decision to reverse the stance on this. Needless to say, the Treasury Select Committee and the wheels and cogs of the FCA would have otherwise turned regulate against such
Point of sale and merchant acquiring are tremendously lucrative and surely net off the costs of serving retail accounts. Banks need to think holistically about the services they provide and consider worth in terms other than pure profitability.
£12 per account is nothing compared the cost of sponsorship deals such as football, racing etc. Be known for your service quality, not who you sponsor.
CompetitiveNew York City, NY (USA)
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