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Banks banned from charging extortionate overdraft fees

Banks will be forced to charge fairer overdraft fees as the UK's financial watchdog confirms rules that clamp down on excessive charges. 

Extortionate overdraft fees to be banned as regulator clamps down on bank borrowing

New proposals will ban banks from charging fixed fees to borrow from an overdraft, which cost consumers £2.4bn last year.

Overdraft fee hike for millions of Lloyds Bank, Halifax and Bank of Scotland customers

Customers with Lloyds Bank, Halifax or Bank of Scotland current accounts will see a shake-up of their overdraft fees in January 2019 - find out what's changing

Mobile-only bank Starling now offers loans – but are they cheap?

Mobile-only bank Starling is now offering loans, but are they up to scratch? Read Which?'s in-depth analysis of how these loans stack up.

Santander scraps unarranged overdraft fees on fee-charging accounts

The bank will no longer charge fee-paying current account customers for slipping into the red. Find out if you will be better or worse off.

Weak review into overdrafts leaves borrowers exposed to rip-off charges

Despite evidence that using an unplanned overdraft can cost seven times as much as a payday loan, the UK’s financial watchdog has once again failed to step in and ban banks’ rip-off charges.

Exclusive: banks’ rip-off overdraft fees still worse than a payday loan

New Which? research reveals that the most expensive overdraft fees cost an incredible seven times as much as a payday loan. Find out how to avoid them.

Monzo launches pre-arranged overdraft: but should you use it?

We look at how the challenger bank's new overdraft feature works, how to apply, and how it compares to other overdrafts offered by high street banks

Santander to scrap unarranged overdraft fees on fee-charging current accounts

Santander is the latest current account provider to overhaul its unarranged overdraft charges as the scrutiny on these fees –a major revenue generator for banks – intensifies from the Financial Conduct Authority.

MBNA launches 0% money transfer credit card – is it any good?

0% money transfer deals can help clear expensive overdraft debt. Which? takes a closer look at the latest offer and checks out how it stacks up.

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