Lloyds overdraft fees...
Discussion
I used to be with NatWest but changed because the staff were so unfailingly rude in my local branch. Can't go back to them out of principle. And besides, I quite like Lloyds online banking. I think it just means I'll have to get better at budgeting/watch balance like a hawk. Because £60/year is a pain in the arse.
Plaice said:
That's odd. Same bank, had a letter through the post during the week and mine are going down.
ETA, this is for unarranged overdraft fees but it's not something I use anyway. Have not and will not get an overdraft on an account.
Yeah, I think the interest charges are going down, however because I am generally only overdrawn for <£200 for <10 days (Poor cashflow!!) then the interest rate doesn't really matter- A whacking £5 does!ETA, this is for unarranged overdraft fees but it's not something I use anyway. Have not and will not get an overdraft on an account.
Edited by Plaice on Friday 17th September 15:56
Sacking them this weekend. They are a bunch of knobs who you have to bully to get anything done. My last visit - where I went in to give them business - ended with me in an office a day later tearing a strip of the regional manager about his staff, their inefficient systems and their "computer says no" culture.
Finally got all my details together and will be heading for another bank this weekend.
Any reccomendations?
Want a JT current account, Two single current accounts for me and Mrs WC, a JT savings account with no penatly for instant withdrawals and two single savings accounts.
I plan to move ISAS there, and would ideally like to have the added value bits that Lloyds give me at the mo. AA cover, travel insurance airport lounge entry. Happy to pay a fee for these.
Finally got all my details together and will be heading for another bank this weekend.
Any reccomendations?
Want a JT current account, Two single current accounts for me and Mrs WC, a JT savings account with no penatly for instant withdrawals and two single savings accounts.
I plan to move ISAS there, and would ideally like to have the added value bits that Lloyds give me at the mo. AA cover, travel insurance airport lounge entry. Happy to pay a fee for these.
5potTurbo said:
Here's a new idea: Stay in credit?
Why the f
k wouldn't a bank charge you for using money you don't have?!
Alternatively, First Direct offer a free £250 OD with no charges.
I've never had to use the facility myself in the last 15 years.
fWhy the f
k wouldn't a bank charge you for using money you don't have?!Alternatively, First Direct offer a free £250 OD with no charges.
I've never had to use the facility myself in the last 15 years.
king hell, there's always one.If you'd read the OP properly, you would have noticed that I am planning to stay in credit. I don't object to paying for an overdraft at a reasonable rate of interest, however a flat £5 fee as soon as I go overdrawn once a month, even if it's only £20, is a disproportionate percentage.
Well done for your stunning financial acumen, I salute you.
carreauchompeur said:
5potTurbo said:
Here's a new idea: Stay in credit?
Why the fk wouldn't a bank charge you for using money you don't have?!
Alternatively, First Direct offer a free £250 OD with no charges.
I've never had to use the facility myself in the last 15 years.
fWhy the f
k wouldn't a bank charge you for using money you don't have?!Alternatively, First Direct offer a free £250 OD with no charges.
I've never had to use the facility myself in the last 15 years.
king hell, there's always one.If you'd read the OP properly, you would have noticed that I am planning to stay in credit. I don't object to paying for an overdraft at a reasonable rate of interest, however a flat £5 fee as soon as I go overdrawn once a month, even if it's only £20, is a disproportionate percentage.
Well done for your stunning financial acumen, I salute you.
Sadly this is likely to happen more and more following the court cases against the banks and unfair charges. Due to the new treating customers fairly charter fees for unauthorised borrowing have dropped massively and the net result is banks needing to recoup that loss of revenue.
I know this thread relates to a standard fee but personally I think the fees for unauthorised borrowing should be much higher as a preventative measure and maybe then we'll stop having to subsidise the numpties of this world.
Only bank I'd recommend are RBS but they'll be Santander soon and will then be ste.
I know this thread relates to a standard fee but personally I think the fees for unauthorised borrowing should be much higher as a preventative measure and maybe then we'll stop having to subsidise the numpties of this world.
Only bank I'd recommend are RBS but they'll be Santander soon and will then be s
te.5potTurbo said:
Here's a new idea: Stay in credit?
Why the fk wouldn't a bank charge you for using money you don't have?!
Alternatively, First Direct offer a free £250 OD with no charges.
I've never had to use the facility myself in the last 15 years.
First Direct have proven to be nothing short of wonderful for me so far.Why the f
k wouldn't a bank charge you for using money you don't have?!Alternatively, First Direct offer a free £250 OD with no charges.
I've never had to use the facility myself in the last 15 years.
Santander comes a long second.
However, as I was unemployed for a while and having to pay for two kids, it is perfectly reasonable to go into your overdraft for extra help every now and then. Some charges are quite unreasonable though, especially when you are unemployed. And for this Lloyds took the royal piss.
Edited by TotalControl on Wednesday 22 September 11:26
luckyb said:
Although in the copy of the same letter that I got, didn't they also say that interest on the first 2,500 credit balance in a plus current accountwas going to increase from 0.1% gross to 2.5% gross AER? swings / roundabouts?
Point I suppose. However my account rarely reaches such heights 
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