Bank Services: Fees and Charges
(asked on 13th July 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to limit the level of overdraft charges for people in financial difficulties.
This question was answered on 19th July 2016
It is important that overdraft charges are fair and that customers can access clear information about overdrafts.
The Competition and Markets Authority’s investigation into retail banking is considering the issue of overdrafts. The Government stands ready to take action after the CMA publishes its report.
And we have already taken steps to support customers in financial difficulty. For example, truly fee-free basic bank accounts have been available since January 2016.