In the UK, people believe they have a thriving banking service industry. The British banking system is largely free of cost (except if you’re a business), however when you want to transfer money prepare to wait three working days. That’s archaic.
In the business I direct I typically have to do business all over the world. To do transfers in the EU or the USA, prepare to wait at least 5 working days, fill in forms physically at your bank and pay at least 20GBP. Call that service?
I decided to write to my Members of the European Parliament last March. Only one MEP, Caroline Lucas put forth my complaint to a member of the European Commission.
Five months later, I received a response from Charlie McCreevy, saying:
The British banking service industry needs to better serve its small Internet business banking customers. AFAIK Google checkout only operates in the US & UK. I would move my business bank account overnight to Europe if Google checkout operated in another EU country. I think we’re still very far from Economic Union. :/