Comment on Lloyds TSB's overdraft fee changes which come into effect in December

Provider

Account

In-Credit Rate
(AER)

Authorised Overdraft Rate (TYPICAL EAR)

Unauthorised Overdraft Rate (TYPICAL EAR)

Unauthorised Overdraft Rate Charges

Alliance & Leicester

Premier Direct Current Account

5.00%

0%
(Introductory Rate for 12 months,
 50p per day, max £5 per month thereafter)

0.00%
(£5 per day)

Exceeding overdraft limit fee: £5 per day
Payment review fee: £25 each item

Santander

Preferred Overdraft Rate Account

0.10%

0%
(Introductory Rate for 12 months, 12.9% thereafter)

28.7%

Instant Overdraft Monthly Fee - £25
Transaction £0-£9.99 will cost £5
£10-£19.99 will cost £15
£20-£29.99 will cost £25
Over £30 will cost £35

Barclays

Barclays Bank Account

0.00%

0%
(Introductory Rate for 12 months*, 19.3% thereafter)

£22 once in Personal Reserve

£8 Returned/Guaranteed Transaction Fee, max of 5 per day
(comes into effect once Personal Reserve has expired)

Nationwide BS

FlexAccount

0.00%

18.9%

18.9%

Unauthorised Overdraft Charge - £20
Unpaid Item Fee - £30
Paid Item Fee - £21.50

Lloyds TSB

Classic Plus Account

2.50%

18.90%

18.90%

Monthly Fee - £15 per month
Daily Fee:- Less than £25 - £6 a day
£25 to £100 - £15 a day
More than £100 - £20 a day

Lloyds TSB
with effect from 2nd December

Classic Plus Account

1.50%

Free £10 buffer
18.9%
£5 overdraft usage fee

Free £10 buffer
18.9%

Monthly Fee - £5 per month
£10.01 to £24.99 - £5 a day
£25.00 or more - £10 a day
(max of 8 daily fees per month)

Halifax

Reward Current Account

£5 per month

£1 per day up to £2,500
£2 per day over £2,500

0.00%
(£5 per day)

Exceeding overdraft limit fee: £5 per day

HSBC

Bank Account

0.00%

19.90%

19.90%

1st overdraft in 6 months = free
Subsequent overdrafts = £25
Overdraft Fee -
Up to £10 = no charge
Up to £25 = £10 per item
Above £25 = £25 per item

NatWest
RBS

Current Plus Account
Interest Paying Current Account

0.10%

19.24%

19.24%

Maintenance Charge - £20
Paid Referral Fee - £15 (max. £90 per month)
Guaranteed Card Payment Fee - £15 per transaction (max £90 per month)
Unpaid Item Fee - £5 (max. £50 per month)