Monday, 14 February 2011
Beware of LLOYDS TSB now charges overdraft fee
I have just spent the last hour on the phone to both Lloyds TSB and the FSB. T he reason being Lloyds are charging a monthly five pounds fee for using a pre arranged overdraft. Last month I paid 79 pence in interest and a five pound charge for using my pre arranged overdraft. Had I gone over the limit of the arrangement I could and would expect to be charged but Lloyds have taken it upon themselves to make this charge. When I called and spoke to a very nice young lady she tells me it was due to the FSA imposing the fee and was to encourage people to save rather than spend. Strange because when I phone the FSA they know nothing about it and have no authority to set charges for banks. I can only assume Lloyds are finding it tough and as they dont have any money to lend small business they are charging me extra so they can save the nation.