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Bank Charges
Comments
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YorkshireBoy wrote: »The article referenced does not seem to cover arranged overdraft fees, ie £6 per month, 18.9% EAR, £1/day, etc. It covers unarranged overdraft fees, bounced DDs, etc.
The OP said they have a pair of agreed overdraft facilities. They did not say they're incurring charges for unauthorised overdraft use.
As for "disproportionate", the article talks of a £35 fee for exceeding a limit by £1 meeting such a definition. With the numbers and timescale in the OP it doesn't appear to be disproportionate.
As far as I can see the OP stated the charges and not what the charges are for. So how do you know the charges are not disproportionate?0 -
Thanks for all the advice and comments..I'm going to cogitate on all of them and get in touch with the bank first0
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