Submitted on Wednesday 28th October 2020
Rejected on Tuesday 3rd November 2020
Current status: Rejected
Rejection code: no-action (see below for details)
I want you to reverse or discuss any potential decision of ending free banking.
I have noticed that HSBC are considering charging for their basic bank account, and this may cause other banks to do the same, and this is concerning, as it will push low-income families into further poverty. So I would like the government to intervene and stop this from happening.
Here’s one source cited for evidence of this -
HSBC says it could charge for current accounts https://www.bbc.co.uk/news/business-54700837
The reason why I’m coming to the government about this, is I believe they have the power to influence or stop this from happening.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Banks are already mandated to provide basic bank accounts.
These accounts are available to those who otherwise would not be eligible for an account – such as if someone has poor credit history. The rules are set out under the Payment Account Regulations 2015.
The Financial Conduct Authority states:
Basic bank accounts are offered by a number of banks and building societies in the UK. A list of those that are required by regulation to offer these accounts for free (apart from fees for using it abroad) can be found on the HM Treasury website: www.gov.uk/government/publications/uk-compliance-with-the-eu-payment-accounts-directive/uk-compliance-with-the-eu-payment-accounts-directive.
Other banks may offer basic bank accounts, but they may not include all the features of those listed by the Treasury, or they may include charges.
Full information about access to basic bank accounts and eligibility requirements can be found on the Money Advice Service website: www.moneyadviceservice.org.uk/en/articles/basic-bank-accounts.
It is therefore not clear what else you would like the Government to do.
3.133.145.136 Fri, 15 Nov 2024 02:39:24 +0000
