As banks raise fees customers pay in exchange for a range of perks, it’s time to ask: Are you are really getting your money’s worth?

Consumers with packaged bank accounts are being urged to scrutinise how much they pay for the benefits they receive after another leading provider increased its fees.

Nationwide has become the latest big name to announce it was upping the cost, in this case by almost 40% – prompting calls for users to ensure they are getting the best value for their money.