In article ,
John Anderton wrote:
That means the banks still get the interest, but now they bear none of
the risk either; while the customer suffers the delay in cash-flow and
now bears all of the risk. The banks shouldn't be allowed to have it
both ways.

OTOH personal customers no longer pay for cheque clearing services
and, in fact, get the convenience of using all the banking services
for free.

Only if you stay in credit. And most will have their salaries paid direct
every month, so the bank has the use of much of that money for some time.

--
*If all the world is a stage, where is the audience sitting?

Dave Plowman London SW
To e-mail, change noise into sound.