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As an aside, iPlayer now works without the need for a VPN. This may be because I've registered and entered my address details and they've checked I have a TV license. It may not work for everyone.
Personally, I'm not too worried about not using a VPN. Mobile banking I do on my phone with a direct broadband connection, no WiFi, public or otherwise. Of course the phone could get infected when I do use WiFi but unless I've been negligent I would expect the bank to cover any fraud. The latest Kracker worry has already been patched by Microsoft apparently and Android should follow soon.
Life is too short to worry about everything.
iplayer only works with a UK based sim, still need a VPN for local wifi connections or local data sims in mifi's.