Banks likely to 'continue to hide' charges - Wingate

Alistair Cunningham (pictured) said that his concerns were the result of the banks "very poor record" on transparency in the past. He explained that some banks continue to blatantly mislead in some areas: "Several banks continue to offer ‘commission free currency' for example, while buying it for €1.10 and selling it for €1.30." He also gave anecdotal evidence of banks telling customers (following the Retail Distribution Review deadline) that their financial advice is free. He said: "It's not clear whether this misleading is deliberate or the result of negligence or ignorance, but ...