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Showing results for tags 'abolishes'.
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HSBC is to abolish what it said was its "most complained about" banking fee – the £25 charge it makes for bouncing a direct debit or cheque. The change, which will also apply to customers of its First Direct subsidiary, comes into force on 24 November and will affect nine million account holders. A £25 fee will still be applied if HSBC agrees to pay a bill, such as a direct debit to the gas or electricity company, that takes the customer beyond their agreed overdraft limit; the fee that is being axed is the £25 for returning an item such as a direct debit or cheque unpaid. More ...
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Three has announced that it has abolished international roaming charges in seven countries. The service is available to Three customers travelling to the Republic of Ireland, Australia, Italy, Austria, Hong Kong, Sweden and Denmark. European authorities have been clamping down on roaming charges. But Three is the first network to abolish them altogether, albeit in selected countries, where it has sister networks. Three says customers on a pay monthly contract would be able to use their allowances of free minutes, texts and data with no extra charges for being abroad. However, those on unlimited plans will be subject to some restrictions. In a press release, Thomas Malleschitz, marketing director at Three, said: "By abolishing expensive roaming charges in select countries, we are allowing our customers to get even more value from their minutes, texts and data abroad by removing the fear associated with staying in touch while travelling." Analysts say that other operators of mobile phone networks are likely to follow Three's lead, particularly those who already have a presence in other countries. http://www.bbc.co.uk/news/business-23896896
