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O/d interest rates
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<blockquote data-quote="Goweresque" data-source="post: 6766400" data-attributes="member: 818"><p>Its probably related to the changes in OD rates for domestic banking customers. Instead of having negotiated rates with people who arrange overdrafts, and a system of fees for those who use an unauthorised OD (ie £30 to send you a letter saying you've gone into the red, and daily fees while you are overdrawn) now everyone will pay the same OD rate, authorised or not. Which is great for people who were constantly dipping into the red and getting letters all the time, they'll be quids in. Whereas people who actually arranged their OD will now pay more. </p><p></p><p><a href="https://www.bbc.co.uk/news/business-51329091" target="_blank">https://www.bbc.co.uk/news/business-51329091</a></p></blockquote><p></p>
[QUOTE="Goweresque, post: 6766400, member: 818"] Its probably related to the changes in OD rates for domestic banking customers. Instead of having negotiated rates with people who arrange overdrafts, and a system of fees for those who use an unauthorised OD (ie £30 to send you a letter saying you've gone into the red, and daily fees while you are overdrawn) now everyone will pay the same OD rate, authorised or not. Which is great for people who were constantly dipping into the red and getting letters all the time, they'll be quids in. Whereas people who actually arranged their OD will now pay more. [URL]https://www.bbc.co.uk/news/business-51329091[/URL] [/QUOTE]
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