Lauren Thompson wrote on interesting article in the June 20, 2007 edition of the Daily Express regarding bank fees. With much excitement already surrounding bank charges, new research has revealed thousands of customers still face excessive bank fees.
A study by Moneysupermar-ket.com revealed a huge difference in banks for those customers going over the authorized limit. The study showed what would be charged for going over an agreed limit by 60 pounds, with three 20 cheques paid out in a month.
HSBC came out with the lowest rates as they charge a flat fee of 25 pounds for any amount gone over. NatWest however, charges 28 pounds for going over and 35 pounds for every cheque on top of that. Alliance & Leicester have a 50 pound fee and charge 25 pounds for every cheque on top of that. Barclays and Lloyds do not have a flat fee but charge 30 pounds per cheque. (more…)