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First Direct follows HSBC in hiking overdraft fees from March - MSE News
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One of the main reasons I'm sticking with First Direct over other banks is because of their £250 interest free buffer., to which they have stated they are keeping. Not that I find myself in my overdraft often but it does put my mind at ease knowing it's there.0
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The £20 cap applies only to unauthorised overdrafts and is on top of the 40% interest payable on the authorised overdraft.born_again wrote: ». . . Also remember it is a max charge of £20 a month. . .
It seems to me that some people are heading for a severe shock in April.
On the bright side, Lloyds Group customers (Lloyds, Halifax Bank of Scotland) are going to be quite pleased; their present tiered overdraft rates are 83% on the first £1,250, 68% on the next £1,250 and 58% on the rest.
Warning: In the kingdom of the blind, the one-eyed man is king.
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