Why a Pounds 60 Overdraft Could Cost a Hefty Pounds 133

Daily MailJune 16, 2007

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Summary


GOING just Pounds 60 overdrawn could cost as much as Pounds 133 as big banks rig overdraft interest rates and charges.

Two studies suggest some banks have massivelyincreased the cost of being in the red in recent months.

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Extract


Why a Pounds 60 Overdraft Could Cost a Hefty Pounds 133

There is also a huge variation on the charges levied on customers who go overdrawn.

The money-making tactics appear to be designed to head off a f...

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