16% 'could not afford account fee'

Press Association
Cheque book
Cheque book

Around one in six Britons say they could not afford to have a current account if "free" banking were ended, a study has found.

Some 16% of people surveyed said they would be unable to pay a regular fee to hold a bank account while more than eight in 10 (81%) said they would not be prepared to pay even a small flat monthly or annual amount, comparison website uSwitch.com found.