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Confused lloydstsb overdraft charges

tibbles44
tibbles44 Posts: 1 Newbie
in Budgeting & bank accounts
Hi All

I am really confused about the new overdraft charges lloydstsb are to introduce.
I have an account with a £2500 overdraft of which I am often in and get charged £5.00 a month usage fee, does anyone know and understand when these new charges come into effect will this amount change???

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The £5 fee will stay unchanged.
    The rate of interest charged will go up on most accounts.
  • Thomas_Crown
    Thomas_Crown Posts: 924 Forumite
    Part of the Furniture 500 Posts
    edited 25 June 2012 at 10:49AM
    The new charges etc come into force on the 2nd October 2012. You will receive an explainatory leaflet plus covering letter in the post. Mine arrived a few days ago.

    The Planned Overdraft Usage Fee will increase from £5.00 to £6.00 but if you exceed your overdraft limit by more than £10.00 you pay 2 x £6.00 fees = £12.00.

    The charge for buying foreign currency in the UK using a Visa Debit Card is being abolished from 2nd Ocober but fees incurred between 31st July & 2nd October will be waived.
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