Barclays overdraft rate increase - 80% Options
Previous Topic · Next Topic
Graeme
#1 Posted : Friday, November 21, 2008 9:35:18 AM
Rank: Member


Groups: Administrators, Editors, Registered

Joined: 10/21/2008
Posts: 26
Comments received from a Moneyfacts.co.uk user:

Ref comments in press. Barclays advised me two weeks ago that my overdraft rate has increased from 5 to 9%. An increase of 80%. This really should be illegal.
Graeme Knights
Search Marketing Consultant
Moneyfacts.co.uk Limited | www.moneyfacts.co.uk
Back to top
 Report Abusive | Report SPAM
rossitron
#2 Posted : Monday, December 01, 2008 8:58:14 AM
Rank: Newbie

Groups: Registered

Joined: 12/1/2008
Posts: 1
I am not sure you have all your facts correct. Barclays haven't ever done an overdraft at 5%. The lowest I have seen them do is a Barclays Bank base rate linked overdraft for Premier clients and this rate is BBBR plus a margin.... certainly higher than the 5% you are quoting. If you have a fee-paying account then you may get some interest free portion, then on the remainder it will be 9.9% apr. If you have a standard account, it will be 17.9% apr.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.