Banks Win Over Overdraft Charges (November 25, 2009)
You know it never ceases to amaze me that the banks get bailout after bailout and break after break whilst other businesses get nothing. But yet again, the banks have come out victorious, this time in the case of personal overdraft charges.
The banks have made over £2billion a year in overdraft and late payment charges so no doubt they are celebrating today. What the ramifications are for you me and every other bank account holder and any future charges that we might face we shudder to think. This basically gives the banks a license to charge what they like in regards late payment and overdraft charges, sounds to me like a license to print money. Click here to return to the Latest Business Finance News page |