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June 3, 2023
Finance Technologies

Banks waive overdraft interest on temporary basis

Metro Bank has joined the likes of Lloyds, Nationwide, Barclays and others in offering customers temporary relief on overdraft charges, as reported on Reuters. The bank notes in a statement that personal current account customers will not be charged any interest for using their overdraft for a period running from the start of March until the end of June. Banks & building societies have previously been shaking up their overdraft charging structures. This applies to both new and existing customers. It will happen automatically, and customers do not need to contact the bank. Kat Robinson, director of bank accounts at…
Banks waive overdraft interest on temporary basis

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