Boost for customers as Lloyds to cut fees
Lloyds TSB has promised that customers who go into the red without permission will pay less following the introduction of new fees.
But consumers who use an arranged overdraft facility will be hit with a new 5 charge, while standard current account customers will no longer earn interest on their money.
The group is replacing its current 15 monthly fee for people who go into the red without permission with a 5 charge for all customers who use an overdraft, regardless of whether it is authorised or unauthorised.
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