A Fool and His Money

Customers of Barclays used to pay up to £35 a day if any transactions were made beyond the overdraft limit. The penalty will be reduced to £8 for each transaction if in the “red zone”.

This change is going to be occurring in August just as banks prepare to appear in a High Court case to defend the fairness of their overdraft charges.

A temporary overdraft extension is also available for £22.

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