From: "M James Hunt" 
Newsgroups: uk.finance misc.consumers uk.legal alt.clearing.technology
Subject: Re: UK banks are shortchanging customers
Date: 13 Feb 2007 05:47:28 -0800
   posting-account=H70Ntg0AAAAICa9eSjalirz9R_2kosRK

On Feb 13, 1:43 am, "Miss L. Toe" 
wrote:
>  wrote in message
>
> news:1171302911.837604.43270@h3g2000cwc.googlegroups.com...
>
> > A cheque of the same bank if deposited in a different branch of the
> > bank receiver is not allowed to use it till fifth working day.
>
> > This is happening despite both at the branch from where cheque
> > originates and at the branch where money is going the amount is
> > clearly visible instantaneously as the cheque gets entered at the bank
> > counter.
>
> > Why is this exploitation of bank customers is being allowed?
>
> Because UK customers dont want to pay direct charges for their bank accounts
> to be operated so Banks have to cover their costs and gain their profits by
> less obvious means.
>
> I'm sure that if you volunteered to pay 10 pounds per month for your banks
> services...........


Lloyds apparently stopped doing this a while ago.  Their profits from
it were really quite small, but resulted in a certain amount of
customer negativity.