Bank fees: Should banks charge monthly fee for accounts?
Most banks offer fee-free current accounts - but consumers often pay in other ways, through low interest rates, overdraft charges or penalty fees.
Some argue that a clear, transparent monthly fee would encourage competition and innovation amongst the big banks and could help prevent mis-selling scandals.
Kevin Burrowes, head of financial services at PWC, said that the UK free banking model was quite unusual, and that it was inevitable that banks would start charging.
02 Feb 2015