“‘Credit cards are horrible. Debit cards are great’ – not true” Martin Lewis has spoken about the “danger” of having an overdraft on a debit card, warning that they can become “danger cards” if you’re not careful. The personal finance expert said high overdraft rates mean your debit card can easily become a “debt card.” […]

3 years ago

Banks made more than 2.4 billion pounds from overdraft fees last year The Financial Conduct Authority (FCA) has branded the high-cost credit sector “dysfunctional” and is set to banks from charging excessive unarranged overdraft fees for customers. The main focus will be on ensuring the price for each overdraft will be a simple, single interest […]

7 years ago