I regularly receive emails from Motley Fool, online money experts and I got this one which I had to share. It is great listing of the worst rip offs and scams including ones such as:

2. BACS transfers

I haven't used a cheque book for at least four years. Instead, if I need to transfer money to someone else's bank account, then I send it directly via the BACS system for inter-bank payments. The annoying thing about BACS is that it takes three working days for a payment to clear, but the money is debited from my account on day one.

In other words, the banks benefit from a three-day ‘float' of cash, which boosts their annual profits by hundreds of millions of pounds. Alas, an improved BACS system due to be introduced next month has been pushed back into 2008. Now who would have predicted that would happen, right?

See the full list here