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Bank Charges


Stopthethieves
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Is it just me or have they upped one of their charges from £10 to £15 already?

 

quote from http://www.which.co.uk/news/2010/08/metro-bank-which-qanda-with-managing-director-222509

 

How about overdraft fees?

The overdraft interest rate is a flat-rate 15%. If customers make payments or use cheques when the money's not there [in the current account], we will extend an instant overdraft. There's a paid-item charge of £10, capped at six times in a month. There's an unpaid item charge, where you put through a transaction and we're not in a position to pay it, of £5.

 

The difference between us and some of the big banks is that most of the big banks have a monthly fee, so the first time you go overdrawn it actually costs you £35. With Metro Bank it will only cost you either £10 or £5. The same interest rate of 15% is charged on authorised borrowing and instant overdrafts.

 

Terms and Conditions

 

https://www.metrobankonline.co.uk/Global/Important%20Summaries/IIS%20Current%20Account.pdf

Edited by Stopthethieves
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