Bank Of Scotland have now changed their charges. If you use an ARRANGED overdraft you will be charged £1 a day (if your in debit from 1p to £2,500)
They will be making LOTS of cash from people this month who didn't realise this was going to happen.
One thing that they offered me was the Ultimate reward card which is £12.50 a month...another ploy for them to make money. Your allowed to have an agreed overdraft up to the limit of £300.
So in fact a vast amount of people may use their agreed overdraft which means Bank Of Scot will be making £30 a month. This is probably a way to get themselves out of pocket
Or it's just another way for the big wigs to get their million pound bonuses !!
Anyone else in this boat ?
Look I know people will say "just don't use your overdraft, cancel it etc but some people have to try and make end meet every month and live in their overdraft