TSB Unplanned Overdraft Charges

YorkshireBoy

slink85 wrote: »

Personally i'd look in to changing banks, to something like the halifax reward account

At £5 per day for unauthorised overdraft usage (after the buffer), that's quite possibly one of the worst accounts for someone who is prone to taking their eye off the ball!

SnowTiger

I guess TSB has to fund that 5% interest they pay from somewhere.

There appears to be a discrepancy between the overdraft rates here and the ones here.

OP mentions they've had their account for sometime, so I guess it's a Classic Account. According to the first link interest charged on unplanned overdrafts is 1.53% per month.

The PDF in the second link mentions the free £10 buffer and the £5/£10 per day fees, subject to 8 fees per month.

the_insider

SnowTiger - I wouldn't really call it a discrepancy when one piece of information you're referencing is more than 4 years out of date!

SnowTiger

the_insider wrote: »

SnowTiger - I wouldn't really call it a discrepancy when one piece of information you're referencing is more than 4 years out of date!

Which one?

The PDF is dated November 2015.

The other page was last updated 3rd November 2015. Admittedly the part about overdrafts was last updated on 2nd October 2012, however I think it would reasonable to assume that simply meant the rates hadn't changed since then.