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overdraft charges?
joelove
Posts: 2 Newbie
hi, i have an £850 overdraft on my account, when i got this overdrat it was free to use, then about 3 years ago they started to charge me £5 a month! And now its just gone upto £10 a month!
is this fair as it is like letting someone have an intrest free loan, then after they use it decide to start charging for it. it's hard to get out of an overdraft and its like the bank is cashing in on it!
is this fair as it is like letting someone have an intrest free loan, then after they use it decide to start charging for it. it's hard to get out of an overdraft and its like the bank is cashing in on it!
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Comments
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is this fair as it is like letting someone have an intrest free loan, then after they use it decide to start charging for it. it's hard to get out of an overdraft and its like the bank is cashing in on it!
Yes it is fair.
Whilst they did not charge you for a 3 year period, you did not have to use it. Overdrafts are an emergency facility and charged as such.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Yes it is fair - and no doubt they have written to advise you, or summarised the charges being introduced in statement inserts, and you have not read them!
Charges, just like prices, change all the time.Before you ask, yes, I work for a bank, but no, I didn't get a bonus!0
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