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Barclays, NatWest and Other Banks Declare War on Their Customers and the FCA

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NEW rules on overdrafts mean Brits will be hit with interest rates of up to 39.9 per cent in the next few months.

The shake-up comes after the Financial Conduct Authority (FCA) banned banks from charging rip-off overdraft fees, although they can still charge interest.r

The much-needed crackdown comes after The Sun reported how borrowers are being charged more interest by banks for unauthorised overdrafts than if they took out a payday loan.

NatWest and RBS have already announced that they will be hiking arranged overdraft charges up from 19.89 per cent this spring, while HSBC and First Direct are putting theirs up from 9.9 per

 

 

https://www.thesun.co.uk/money/10734497/best-banks-0-overdrafts-hsbc-barclays-santander/


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