HSBC to bring in single overdraft rate of 40%
HSBC is to bring in a single overdraft rate of 39.9% for UK customers from March 2020, as much as quadrupling the rate it charges some...
News by FinTech Collective
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Wonga vs. Bank overdraft Fees
Wonga just got into trouble in the UK with this advert, but... Using a bank overdraft can be as expensive as a payday loan. According to...
Overdraft Fees at Banks Hit a High, Despite Curbs
Squeezed by falling revenue on deposit accounts, banks are turning to a familiar source of income: overdraft fees.
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Overdraft fees make up the bulk of checking-account fee revenue, said Jefferson Harralson, a banking analyst at Keefe, Bruyette & Woods...…
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