Watch out for overdraft rates
Feb 18, 2020
3 minutes
Overdrafts are the new danger debt. From April, most banks will charge around 40%, with some charging more. That’s double the cost of a typical high-street credit card. The regulator, the FCA, imposed changes in the hope of making things fairer for customers; while it’s worked in some ways, it’s failed to boost competition and will see many overdraft prisoners pay more. Everyone who ever dips into their overdraft needs to take action.
SHOCKING NEW OVERDRAFT RATES
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