@Lord_Sugar Did you know that the INTEREST RATE on a Lloyds OVERDRAFT is now 68.3% APR. They charge 1p per £7 DAILY. That is annually 365 x 1p = £3.65 + interest on interest £1.14 = £4.79.
After 1 year the £7 you owe, is now £11.79 !!!!! This is on an overdraft NOT for going over
Did you know that the INTEREST RATE on a Lloyds OVERDRAFT is now 68.3% APR. They charge 1p per £7 DAILY. That is annually 365 x 1p = £3.65 + interest on interest £1.14 = £4.79.
After 1 year the £7 you owe, is now £11.79 !!!!! This is on the overdraft NOT for going over it !!!