Scrap overdraft charges?

Charity asks all banks to scrap unarranged borrowing charges

Download Perspecs
Download Perspecs
This is Money

Lloyds to scrap unauthorised overdraft charges from November

  • Lloyds will be getting rid of all fees for unauthorised overdrafts from November

  • The changes will also apply to accounts at Halifax and Bank of Scotland

  • But changes for planned overdrafts mean one in ten customers will pay more

  • Experts expect other banks to scrap fees for accidental borrowing too

Rip-off fees for accidentally slipping into the red could disappear by the end the year after Britain's biggest bank scrapped its charges entirely.

In a major overhaul of its current accounts, Lloyds will be getting rid of all fees for so-called unauthorised overdrafts from November.

Read Full Article
Download Perspecs