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Overdraft charges have been a source of much anger among consumers
Banking group RBS-NatWest is overhauling its charges for people who go overdrawn without permission.
Customers will be charged £6 a day for any unauthorised overdraft of more than £6, leading to significant costs for those who linger in the red.
But interest charges on these overdrafts, of up to 20%, will be scrapped when changes come in for all RBS-NatWest customers in February 2011.
Overdraft charges were the subject of a recent major court battle.
This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Overdraft charges have been a source of much anger among consumers Banking group RBS-NatWest is overhauling its charges for people who go overdrawn without permission.
Customers will be charged £6 a day for any unauthorised overdraft of more than £6, leading to significant costs for those who linger in the red.
But interest charges on these overdrafts, of up to 20%, will be scrapped when changes come in for all RBS-NatWest customers in February 2011.
Overdraft charges were the subject of a recent major court battle.
This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.