On 26/04/2018 10:53, Andy Burns wrote:
wrote:

TimWÂ* wrote:

if you are getting into trouble Barclays and Lloyds will start
to increase your costs and rob you as fast as they can

do they charge over 500%?
In marginal cases yes ... If you have a standard Barclays current
account, and daft enough to go £16 overdrawn for a year you'd pay
(365*0.75)/16 = 1710% of course they call it a daily fee not an interest
rate.

Does that take into account the monthly cap on fees?
Also that you have to do four unauthorised transactions to get to that
cap? So £16 + £1 + £1 + £1 to get the worst rate?