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Interest on 4 days in overdraft.


Chrisp7
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During June I was hovering around the £-1400 - £-1800 (Authorised overdraft of £1600). I was charged a couple of times for going over my limit £30 -I accept this (this isnt a thread about getting those fees back). I was also charged £19 for interest on my overdraft again I accept this.

 

Now on 5th July I paid in around £3000, and have been out of my overdraft (apart from the 4 days in July.) Now this month I was charged £19 again for interest on my overdraft. I called up the bank and they said this was the case because I went over my overdraft limit. I am confused as I was charged £30 for going over my limit before - and they say that this £19 is interest - so why am I being charged such a high interest rate for 4 days? Are they in the right to do this?

Barclays - Going to court

Lloyds - LBA stage

Barclaycard - LBA stage

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