Overdrafts: can you cut the cost of yours?

A quarter of UK adults have been overdrawn in the past year, paying out a total of £1.2bnLabour this week pledged to cap overdraft costs for millions of hard-pressed bank account holders, promising an average saving of £86 a year. However, there are things people can do right now to reduce their overdraft costs.Official figures show that 25% of all UK adults have been overdrawn in the last 12 months, and the charges levied add up to about £1.2bn a year . Continue reading...