bank overdrafts

9.7m people overdrawn by £709

5th March 2025 Arrears and Recoveries | #bank overdrafts

New research by TotallyMoney has investigated overdraft charges and found that some high street banks are charging customers up to 49.90% interest on their borrowing. The research showed that one in five people (19%) are overdrawn by £709 each day, with total overdraft borrowing at £5 billion. with many high street banks charging daily interest…

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bank overdrafts

9.7m people overdrawn by £709

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