Alliance & Leicester scraps overdraft interest charges

Alliance & Leicester announced today it was scrapping interest charges on overdrafts and replacing them with a daily fee for people who go into the red.

Alliance & Leicester scraps overdraft interest charges
Sat, 22 Sep, 2007 - 12:22

Alliance & Leicester announced today it was scrapping interest charges on overdrafts and replacing them with a daily fee for people who go into the red.

The group said it was the first UK bank to abolish overdraft interest for all its customers.

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CourtsBusinessHeathrowPlace: UKPerson: Andy BayesPerson: Kevin MountfordOrganisation: Alliance & LeicesterOrganisation: A&LOrganisation: Office of Fair TradingOrganisation: OFTOrganisation: First DirectOrganisation: Lloyds TSBOrganisation: HSBC
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