Customers Could Save Up To £70 A Year By Switching Banks

The video discusses the challenges faced by pensioners and small businesses in dealing with banks, highlighting the lack of transparency and the hidden charges in financial services. It emphasizes the difficulty in switching banks due to perceived risks and complications. The report suggests that more transparency and easier switching processes could benefit consumers. The video concludes with a call for reforms to make banking more competitive and transparent.

How much do banks reportedly make a year from hidden charges?

What proposals does the report recommend to make switching banks easier?