BBC News
Launch consoleBBC NEWS CHANNEL
Page last updated at 13:10 GMT, Saturday, 24 October 2009 14:10 UK

Money Box, 24 October 2009

Customers of Halifax and Bank of Scotland have been contacting Money Box to complain about radical changes to their overdraft charges.

From 6 December 2009, current account holders with an approved overdraft will be charged £1 a day, even if they are just a penny overdrawn.

The fee will apply to approved overdrafts up to and including £2,500, after which it rises to £2 a day.

Many customers fear this could add up to hundreds of pounds each year, and some have threatened to close their accounts and change bank.

Bob Howard reported.

Story Tools

banner watch listen bbc sport Americas Africa Europe Middle East South Asia Asia Pacific