FIRST DIRECT BANK CHARGES

That this House is concerned that First Direct Bank, a subsidiary of HSBC, has decided to levy a charge of £10 per month per current account for all its customers' current accounts which do not have a minimum sum of £1,500 deposited each month, savings of the same amount or where customers do not have other services, such as mortgages and credit cards; and believes that such levies should not be imposed without the explicit agreement of its customers.