Banks like to offer "premium" bank accounts to their customers which have a monthly fee ranging form £5 to £40 per month. You are paying for travel insurance and mobile phone insurance, which you can get elsewhere more cheaply if you want or need them.
15% of the population have accounts like these. If you have one of these accounts, seriously consider moving it to a fee free account.
Posted by Sean Wilson, APFS, Independent Financial Advisors (IFA), Swindon, Wiltshire.
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