edwards:

Just moved bank and took overdraft with me.

That's the way.

Though I don't expect other banks to try the HBOS suicidal "£1/day for a small overdraft" model, I fear this will not be banks first attempt to replace money formerly raised by "unfair" charges.

When HBOS first introduced the Rewards account in February it was an interesting model for customers who chose it for it's £5/month benefits and transparent charging. To force the change on existing presumably reasonably satisfied "small overdraft" customers easily able to switch c/w with overdraft is very strange. I suspect the hand of Lloyds....

Dear conmankiller

Just moved bank and took overdraft with me. Also the overdraft is only used when income in day does not match income out day. Remember the reason given me by BOS was because the charges issue is going thro the courts and they expect that they wont win.

Don't forget though you will still have to clear your OD with the BOS before you move bank.!

What I mean to say is; once you manage this achievement if you can clear it to move banks, then why not improve the situation altogether by keeping it cleared and pay no future charges whatsoever.

Just received a letter from Bank of Scotland telling me that from December my overdraft will be charged at £1 per day no matter how much is outstanding. I normally run at about £100-£200 per month depending when monies are paid in. This means that I will pay about £350 interest per year on a maximum of £200. What interest rate is this!!!!!!!!!!!!!!!!!

Will be moving bank ASAP!!!!