Girobank Visa charge

Friday 07 August 1992 23:02 BST

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GIROBANK customers will have to pay a pounds 12 annual fee on their Visa cards from 1 October in line with the trend set by other banks over the past few years.

Customers will be charged on the first purchase they make after the date set.

Those who wish to use the card only to guarantee cheques will not be charged, as long as they clear all outstanding balances by March next year.

Girobank describes the introduction of charges as 'an attempt to improve profitability'.

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