08 October 2006
The great business rip off
Lets do a few comparisons
Personal credit card with the bank: Free
Business credit card with the bank: £25.
Perhaps they don't appreciate that most people will get get another personal credit card for free and use that if they want to keep their business transactions separate?
A few more examples:
Personal banking with the bank: Free
Business banking with the bank: Charge per transaction
Cost of filing annual (tax) return with the inland revenue: Free
Cost of filing annual return with companies house: £30 (£15 electronically). Criminal offence if you don't pay.
Why are companies seen as such an easy target for these rip off charges? They only result in costs being passed onto the general public. Is the £4.35bn profit that the bank makes per year not enough?