Which? responds to StepChange report on unarranged overdraft fees

“The FCA must take swift action on the unarranged overdraft fees that banks charge their customers, which simply plunges people further into debt

“Banks have made over a billion pounds a year through these fees, which we have previously found can cost considerably more than payday loan charges. We want the regulator to restrict unarranged overdraft fees, bringing them quickly into line with arranged overdraft charges.”