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Virgin Money overdraft rate
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eskbanker said:Possibly, but personally I'd have thought that most who are in a position to shop around would be more attracted by those offering substantial free buffers and so on. Anyone looking to borrow money for significant amounts or periods would probably be better advised to consider alternatives such as loans or even some credit cards....
They appear to be offering App bank rates with High Street access - there will be legacy banking customers along with customers that feel more comfortable with that multi-channel (branch) option. Starling / Monzo are App-banks plus those with buffers are First Direct/M&S both remote operations too.
Never thought that I would be saying that 19.9% APR is amongst the cheapest0
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