I have a bank account and pay �12 a month for it. I have a overdrafed & i do use it. I thought thats why i paid �12 a month but i get charge every month is this right?
I believe this 12 pound a month will give u a lower rate of interest whilst u are in your overdraft and probably give u travel insurance! The 12 pound does not cover the interst u occur whilst being in your overdraft so the bank are right! Hope this helps?
You need to change your account to one that doesn't have a monthly fee.
The interest rate on my Nationwide Flexaccount is quite good - 7.25% for the days you are overdrawn, and you get interest on the days you are in credit.