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Virgin Money says it will charge customers a fee for its current accounts when
the firm launches banking services later this year.
The move would make Virgin Money the first bank to charge a compulsory upfront
fee for current accounts regardless of the amount paid in.
"We want to live up to Virgin's ethos of making sure people aren't ripped off,
that they know what they're paying for with no hidden charges and I think that's
really important", explained Jayne-Anne Gadhia, Virgin Money's chief executive.
The company now has a banking licence after buying the regional bank Virgin
Money plans customer account fee earlier this year.
Source:
Getting Paid
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