Lloyds’ Control option for Classic account holders prevents any payments going out that would push the account over its agreed overdraft for a monthly fee. Banking editor Alan O’Sullivan wonders if this is a sign of things to come. Out of options …
Visit link:
Lloyds Control: the future of bank charges? – This is Money
However, the option could oddly also increase the time it takes to pay by card at tills in shops if it is trialed by more banks in the UK. Despite cutting bank charges, the Control option still nets Lloyds a handsome sum, costing £10 per month and …
View original post here:
Is this the future for bank charges? – This is Money
