[lloyds] not all that meets the eye

Oh they love the subterfuge, the hidden little costs, don’t they? Black Quill exposes Lloyd’s latest little scheme: If they [customers] become overdrawn by less than £10 without permission they are not charged the usual £30 fee, although they do pay interest at 29.8 per cent. However, from November 1 Lloyds is removing the fee waiver for all customers except those with a fee-charging Premier or Platinum account. It is also abolishing the £10 buffer for all customers, so anyone who goes into the red or exceeds their agreed overdraft limit by just 1p once a year will be hit by a £30 fee. Lloyds calls this an overdraft excess fee. Needs no comment from me.