bank charges

[mojomaz]

I have a bank account and pay �12 a month for it. I have a overdrafed & i do use it. I thought thats why i paid �12 a month but i get charge every month is this right?

[wesgerrard]

I believe this 12 pound a month will give u a lower rate of interest whilst u are in your overdraft and probably give u travel insurance! The 12 pound does not cover the interst u occur whilst being in your overdraft so the bank are right! Hope this helps?

[CheekyChops]

The �12 should cover your overdraft but you will get a seperate charge for interest on the amount you are overdrawn by.

And if you exceed your overdraft limit, you will get an extra charge.

[mojomaz]

Thanks very much. I need to get out of my overdraft!!!x

[Ethel]

You need to change your account to one that doesn't have a monthly fee.

The interest rate on my Nationwide Flexaccount is quite good - 7.25% for the days you are overdrawn, and you get interest on the days you are in credit.