We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First Direct follows HSBC in hiking overdraft fees from March - MSE News
Comments
-
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
-
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.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.3K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 454.9K Spending & Discounts
- 246.4K Work, Benefits & Business
- 602.6K Mortgages, Homes & Bills
- 178K Life & Family
- 260.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards