Consumers to benefit from overdraft opt-out

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Consumers to benefit from overdraft opt-out

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03-16-2010, 10:01 PM

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Consumers to benefit from overdraft opt-out

Consumer watchdog, the Office of Fair Trading (OFT), has today revealed UK banks may soon be offering customers the ability to opt out of unarranged overdraft facilities.Should the procedure be put in place, it would mean consumers would avoid hefty fees if they slipped into the red.The announcement comes as the OFT took legal action [...]

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