A
What would be the problem of these people operating their (spanish, for example) bank accounts from Ireland?
Likewise, if a bank has a policy of only offering accounts to those who get paid into their account, they are quite entitled to do so.
Banks are private businesses. They exist to make money for their shareholders. They are entitled to set whatever rules/policies they like about how they operate (within usual legal/regulatory guidelines).
It is up to them how they run their business.
Hi Adolphus - Thanks for clearly demonstrating your lack of knowledge about how banks work. Current accounts are generally not profitable for banks. If you don't believe me, check out the following links;Account holders pay fees to the bank for the privilege of leaving their money with them so its not unprofitable for banks to hold accounts for anyone.
the idea of forcing banks to provide current accounts for unprofitable customers is 'weak'.
BBC Business report on current accounts.He then took the hard decisions, closing one in three of its branches, making 200 staff redundant, slashing commissions to investment brokers and ditching the unprofitable retail banking services, including credit cards and current accounts.
Many current accounts cost the banks money to run
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