There used to be a State run Bank called National Girobank which provided a basic banking system i.e. no frills but took care of most of the needs of many people. As long as you kept in credit there were no charges. The branch office was the Post Office and I found it cheap and efficient .This Bank was sold off to Alliance & Leicester which is now owned by a Spanish Bank.
I cant see why banks ,which are only glorified computers should be there to make huge profits. How can they possibly justify charging what they do when the bank rate is only 0.5%. Investors should be earning at least 3% below the bank lending rate.The top brass should not be paid bonuses at all. they are highly paid to do their job and if they fail they should be sacked for incompetence the same as anyone else