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I used to rage at these rates. But but - they are often cheaper than incurring an overdraft penalty at your high street bank. Barclays charge £22 a day for goin
by retube 16y ago
I used to rage at these rates. But but - they are often cheaper than incurring an overdraft penalty at your high street bank. Barclays charge £22 a day for going up to £150 over your overdraft limit. God knows what it is if you exceed £150 over.
- Tyrannosaurs 16y agoMay I suggest another bank? I get a £400 authorised overdraft limit on which I only pay interest (at a pretty fair rate) and no annual fee and in the UK that's not a deal that's too hard to find (First Direct in my case but I'm sure similar deals are available through others). Seriously, there's no reason to put up with that sort of thing and if you can get an account with Barclays you're unlikely to be turned away by too many others. I used to be with Barclays too but this sort of thing is one of the reasons that I'm not any more - that and their general air of not giving a <expletive deleted> about my custom.
- retube 16y agoOh sure. I have an authorised overdraft, with some fairly standard rate of interest. It's when you exceed that you get hit with exhorbitant fees. Most high street banks charge ~ £30 pounds for exceeding this as far as I am aware. And it's when you're gonna exceed your overdraft that suddenly 2000% apr doesn't look so bad.