Bank charges student £800 for going EIGHT PENCE overdrawn

[Legal Beagles]

A student has been landed with bank charges of £500 - after going just eight pence overdrawn.

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[ODC]

Re: Bank charges student £800 for going EIGHT PENCE overdrawn

I can just see the DCAs salivating in the hope that gets passed to them. How TF can LTSB justify this extortion

[Amethyst]

Re: Bank charges student £800 for going EIGHT PENCE overdrawn

eh?

But in May, Lloyds TSB increased its overdraft charges to a flat monthly rate of £166.55.

.........

[WendyB]

Re: Bank charges student £800 for going EIGHT PENCE overdrawn

I've been charged recently for going 32p over my limit. The £28 charge at the end of that month took me back over my limit, hence another 28 quid at the end of the next month, and so on. I've managed to keep it below last month, but there's £84 worth of charges now on that account, which means that the £84 I've paid in to cover the charges would have paid off 20% of my overdraft if it wasn't charges.