Tag: Overdraft
“Way into the debt trap” – debate about upper limit for overdraft interest flared up again
Withdraw money from checking account Banks grant their customers overdraft facilities up to a certain limit if their checking account is exhausted. The expensive overdraft facilities have increasingly come under…
Overdraft interest increases significantly more than call money interest
People’s Bank and Savings Bank At least 43 percent of German banks do not pay any interest on call money, and the proportion is slightly higher for cooperative banks and…
Overdraft interest will increase faster than ever at the end of 2022
overdraft interest The overdraft facility is the most expensive bank loan. In the course of the turnaround in interest rates, many financial institutions are making the overdraft facility more expensive…