73,000% p.a. intrest for being £25 overdrawn
March 31st, 2008
Just been to local bank i have been with for over 30 years. I thought their was a mistake on my bank statement because they charged me £50 for being £25 overdrawn for 1 day.
They said "no, it was right"
so i said "even loan sharks and the mafia do not charge that much intrest on their money"
Do not get me wrong i expected some bank charges even for 1 day something like £5 or even £10 but £50 that is absoloutely ridiculous. my parting comment was "you are out of order and i am changing my bank account, even loan sharks do not charge that much"
Does anybody else think 73,000% intrest charges on £25 for 1 day are a bit steep????