Banks make huge profits from overdraft fees

A recent report has suggested that banks are making huge profits from the controversial overdraft fees, which have been in the financial headlines lately having been at the centre of a high court test case with regards to their fairness, with some banks charging close to £40 per fee even though the cost to the bank is often just a few pounds. Read more

Tags: court test, conclusion, centre, overdraft limits, Insurance, overdrafts, interest, cut