Last month saw the eight banks, who include Abbey, Barclays, Clydesdale, Halifax Bank of Scotland, HSBC, Lloyds TSB, RBS NatWest and Nationwide Building Society, lose the first stage of the legal battle against the unfair charges case.However, it has now emerged that Barclays is to cut its overdraft charges. According to the bank, it has [...]

More: Barclays to reduce overdraft charges to single digits

It is about time that banks are being brought under controll. They are there to help customers keep their money safe, not to take it all away from them. Also, big banks do seem to already gain enough profit without their ridiculous overdraft fees. It is all too much.

This is great news that Barclays have decided to cut charges, and lets hope that other banks follow. The fees they charge are ridiculous when you see how much it costs them for things like overdrafts. It is time banks remembered that we choose to bank with them and can very easily move our money elsewhere.

They are there to make money also, they are primarily money making organizations.