But this system is used for automatic payments such as direct debits and wages.
Although the accounts provide for direct debits and standing orders they do not come with an overdraft.
BBC: NEWS | Programmes | Moneybox | Bank current accounts challenge
While direct debits are a relationship between customers and their banks, credit card regular payments are an agreement between customers and the retailer.
Most of the region's banks do not offer direct debits or standing orders, so companies tend to take cheques for monthly instalments in advance.
"They said they could not do it without the supplier instructing them that they would not be taking any more direct debits, " he said.
Then add in all of your regular monthly direct debits - mortgage or rent, council tax, insurances, car costs including petrol, utility bills, food etc.
People are worried, particularly about things like standing orders and direct debits, but in reality, really very few people have problems with them and it is easy.
It would also have included direct debits in the package, allowing a company or utility in one euro country to draw funds directly from a customer's bank account in another.
ECONOMIST: Europe makes progress on a common payments system
Another example was that entire breakdown of the computing systems (and thus bill payments, direct debits and even ATM machines) at the same banking group a month or two back.
FORBES: Banks Need To Accept That They're Really IT Companies
"We are bombarded with mobile phone tariffs, direct debits, standing orders and complicated deals, " says Justin Tomlinson, a Conservative MP who heads up the group of MPs, called Financial Education for Young People.
Unauthorised overdraft rates are much higher than authorised ones and you also run the risk of having bills unpaid or direct debits returned, increasing the charges you are likely to have to pay to your bank.
Ms Perchard added that some people with a basic current account had to wait up to 10 days for cheques to clear and were hit with harsh penalties if there was not enough money in the account to pay direct debits.
The ICB wants a free current account redirection service to be formed by September 2013, with an improved system to catch all credits and debits going to a customer's old, closed account, including automated payments on debit cards and direct debits.
The Vickers report wants a free current account redirection service to be formed by September 2013, with an improved system to catch all credits and debits going to a customer's old, closed account, including automated payments on debit cards and direct debits.
The most recent report, from the Independent Commission on Banking (ICB), recommended last year that people and businesses wanting to change banks should be able to switch accounts within seven days and provide a safety net to catch any stray direct debits or standing orders for a year after any account was switched.
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