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Jon Cruddas MP Slams Barclays Overdraft Charges

Apr 29, 2014

Dagenham and Rainham MP Jon Cruddas today slammed Barclays bank for increasing the charges customers face when they find themselves overdrawn; which has led to some customers paying nearly 10% of their weekly income on overdraft fees.

Barclays bank currently charges 17.77% interest when customers are overdrawn however the bank plans to change this to a per day fee of 75 pence between balances of £16 and £1000.

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