Overdrafts

Santander has increased overdraft charges on some current accounts

Santander raises overdraft charges on current accounts

A new fee-free overdraft buffer has been introduced by Santander but only after the bank doubled charges on daily arranged overdraft fees on most current accounts.

Co-operative Bank launches new 60% LTV mortgages

The Co-operative Bank has announced that it is to launch a new range of mortgages at a loan-to-value (LTV) ratio of 60 per cent.

Which? calls for action on 'confusing' overdraft charges

Which? wants the Financial Conduct Authority to put a stop to what it calls excessive charges for overdrafts.

The Co-operative Bank cuts interest on overdrafts

Customers with The Co-operative Bank who are worried about debt have been offered a lifeline by the financial services provider if they already have an agreed overdraft.

Would an end to free banking make charges more transparent?

Would customers benefit from the end of free banking?

A senior figure from the Financial Services Authority (FSA) recently said that upfront fees from banks would benefit customers. Myfinances.co.uk investigates.

Nationwide combines personal loans with current accounts

Nationwide announces lowest loan rate for new and existing customers

The Nationwide FlexAccount combines a current account with a personal loan at the lowest interest rate in the UK.

Santander brings back £100 switching incentive

Santander are bringing back their switching incentive that sees new customers who switch their current account to one of Santander's popular alternatives receive £100 subject to conditions.

Using an overdraft effectively can save you money

How to use your bank overdraft effectively

An overdraft facility is often overlooked as a way of helping to manage cashflow but having the right bank overdraft and using it in the right way can be cheaper than using a credit card or personal loan.

Reduced overdraft charges for Santander customers

Santander has announced it is to offer preferential overdraft charges to loyal customers.

Britons have been urged to regularly check their bank statements.

Britons urged to check balances

Britons have been urged to regularly review their bank accounts to ensure they are getting the best deal and that they are protected against fraud.

Consumer credit rose slightly in January but demand for credit cards and loans is expected to remain subdued.

Consumer credit flows 'rise by £0.5bn'

The total net flow of consumer credit through unsecured personal loans, credit cards and overdrafts moved higher in January, although the market is expected to remain "subdued" in the months ahead.

Almost one in ten 18 to 24-year-olds have at least three bank accounts with an overdraft.

Young people 'opening multiple overdraft accounts'

Young people could be risking their financial wellbeing by taking on multiple bank accounts with overdraft facilities in a bid to maximise their access to credit, a new report has warned.

The number of people seeking advice on debt issues rose by 24 per cent in the fourth quarter of 2009.

Citizens Advice reports sharp rise in debt problems

There was a sharp increase in the number of consumers seeking help with debt issues from Citizens Advice Bureaux in England and Wales during the last quarter of 2009, the charity has said.

The report says five million people live on their overdraft.

Study finds 10% of Britons permanently in the red

Some ten per cent of British adults, around five million people, are permanently overdrawn on their bank account.

Axa claims up to a quarter of people hide debt from their family

Quarter of Brits hide debt from family

Almost a quarter (24%) of people hide debt from their family, new research claims.

Brown calls for swift end to bank charge fiasco

Brown: Banks must sort out charges swiftly

Gordon Brown has pushed for a quick resolution over overdraft charges.

RBS and NatWest cut overdraft charges

Royal Bank of Scotland and NatWest have today announced cuts to their overdraft charges.

House of Lords decides on bank charges

Millions of bank customers could be line to receive refunds on unauthorised bank charges, as the House of Lords rules on banking fees.

Overdraft interest rates set to rise

Interest rates on overdrafts are set to increase - despite the Bank of England holding interest rates.

Nationwide increases overdraft rates

Nationwide Building Society is to increase the interest rates on its overdrafts.

Lloyds TSB, HSBC & Clydesdale overdraft charges face investigation

The Office for Fair Trading (OFT) is to focus its investigation into overdraft fees on HSBC, Lloyds TSB and Clydesdale.

Over 65,000 wait for overdraft fees to be returned

Some 65,000 people have had their claims for penalty fees for unauthorised overdrafts frozen in the courts.

Claims for unauthorised overdrafts frozen

FSA continues overdraft fee claim freeze

The freeze on claims for unauthorised overdrafts has been extended by the Financial Services Authority (FSA).

RBS rubbishes stories of throwing in the towel on overdraft case

RBS overdraft fee repayment plans 'no bearing on OFT case'

The Royal Bank of Scotland (RBS) has denied leaked plans on how the bank will repay penalty fees for unauthorised overdrafts has any bearing on a test case into how fair the charges are.