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In the dark over bank fees

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Two thirds of people have little or no idea how much their bank is charging them for being overdrawn, according to an independent financial comparison website.More...Only 12% of respondents knew that banks charged on average 12.35% for an authorised overdraft.
Sean Garden, Chief Executive of, said: “Bank charges may be a hot topic in the media but many people’s idea of how much they are being charged for their overdrafts is horribly wide of the mark.”
Additionally 41% admitted to being unaware of the charge their bank levies if they exceed their overdraft limit.


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