I really enjoyed the other thread on this topic but have had a thought...bit long but stay in there!
Thinking long and hard about this problem. It seems there were two distinct camps in the previous thread - those who never incur charges and those who are always caught by charges (whether they are too big is the topic for the other thread). So it seems that one set of customers is paying huge amounts of money for the other set to have free banking. But I think the biggest problem is that none of us is paying the true cost of using the bank or knows what it is.
So...
what if our banks ran our personal current account more like a business account so you actually paid for what you did with your account eg 25p for a d/d, 10p for cash withdrawal and perhaps no fee for being o/d if authorised?
Ooo you say - but that's not fair. Well perhaps not but what if the bank waived all those charges if you were in credit all month? So instead of getting 27p interest you got all your banking free? That way at the end of each month you would get a note one the bottom of your statement which was "You would have earned 27p interest nut instead you have had £42.30 free banking".
Conversely the charges would be the same if O/D...and not hugely costly like they are now.