Free accounts 'make mis-selling more likely', PwC claims

Notion of free current accounts is unsustainable, according to financial services firm The notion of free current accounts is unsustainable and may increase the risk of future mis-selling scandals, according to a report published on Monday. Compiled by financial services firm PwC, the report said that while two-thirds (62%) of the 2,000 consumers surveyed said they were not prepared to pay for their current account, a clear majority (66%) were also aware of hidden current account charges.