Tag: overdraft fees

Santander puts £50 monthly penalty on unauthorised overdrafts

Santander puts £50 monthly penalty on unauthorised overdrafts

Santander has announced plans to charge customers up to £50 per month for using their unauthorised overdraft. The £5 per day charge, capped at a maximum of £50 in any one month, will apply to new current accounts opened from December. Customers who use their authorised overdraft will be charged 50p per day, up to [...]

July 1, 2010 | 1 Comment More
Moneynet issues warning on Lloyds TSB overdraft fees

Moneynet issues warning on Lloyds TSB overdraft fees

Lloyds TSB customers who frequently access their overdraft should seriously consider moving their current account to another bank, Moneynet.co.uk has claimed. The financial advice site made the remarks after Lloyds TSB announced a new monthly fee of £5 for customers who use their planned or unplanned overdraft. This fee is in addition to the monthly [...]

June 28, 2010 | 0 Comments More
Bank complaints double on overdraft charges backlog

Bank complaints double on overdraft charges backlog

Over two million consumers complained to their bank during the second half of 2009, more than twice as many as during the first half of the year. Between July and December 2.65 million people made a complaint about a financial company, with 2.2 million of those directed at banks and building societies. The FSA said [...]

May 12, 2010 | 0 Comments More
Is RBS pre-empting the Supreme Court?

Is RBS pre-empting the Supreme Court?

Consumer advice sites Moneyfacts and uSwitch.com have reacted with cynicism to the Royal Bank of Scotland’s (RBS) decision to lower overdraft fees. RBS and sister bank NatWest cut unauthorised overdraft fees in half to £15 earlier this week. Charges for bounced cheques were reduced from £38 to £5. The changes come ahead of a ruling [...]

September 9, 2009 | 0 Comments More