BGN Entrepreneur

The government-backed banks in the UK are searching for loyal clients via overcharging them for insurance. Not content with ripping them about current accounts and credit cards, banks are now promoting their funds to cover over-priced.
According to an investigation by Money Mail, it is revealed that RBS and Lloyds/Natwest Banking Group sell home, car and travel policy that cost several hundred pounds more than similar measures from other high street banks and online vendors.
The shocking results indicated how poorly these banks, which have made billions of pounds of their clients’ money, in use for the customers who helped them bond.
The banks make a lot of money from the sale of insurance. They do not make much money from the most ordinary current account customers. Instead, they look at their income by flogging packaged accounts with monthly fees, credit cards, loans and insurance increase.
Time and again, the government-backed banks were worst.

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