Not every bank charges £25 for informal overdrafts (which is what happens if a standing order attempts to be drawn with not enough money in the account to cover

Not every bank charges £25 for informal overdrafts (which is what happens if a standing order attempts to be drawn with not enough money in the account to cover it). My bank specifically charges £10 per month for informal overdrafts, with fees capped at £60 per quarter. Still not free, but substantially better than the £25 you claim. http://www.smile.co.uk/assets/pdf/smile/currentaccounts/smilecurrentaccount/account-charges.pdf http://www.smile.co.uk/assets/pdf/smile/currentaccounts/smil...