HSBC, First Direct and M&S Bank will hike interest to 39.9% EAR for arranged and unarranged overdrafts from March 2020. Which? explains what it means for you.
Find out if you're one of more than 100,000 customers due to receive a refund from HSBC and Santander for wrongfully being charged unarranged overdraft fees
Nationwide will double overdraft fees for many of its customers from November 2019, as it rolls out a flat rate across all adult 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.