MoneySavingExpert News
Overdrafts

HSBC and sister bank First Direct have extended their offer of a 12-month interest-free overdraft buffer of £500 for current account customers who request it. The banks, which are part of the same group, had been due to axe the cost of living support for new applicants from 1 April, but now say customers have until 10 May to apply. Here's what you need to know.
3 April 2023

Barclays customers have voiced concerns after being given just one month's notice that their "safety net" overdrafts will be removed during the cost of living crisis. The bank has told us it's cancelling overdrafts for some users who haven't dipped into them in for at least a year. Unhappy customers can appeal the decision - though make sure an overdraft is right for you first. Here's what you need to know.
21 August 2022

Santander will slash the interest paid on its popular 123 current account to just 1% and cut the cashback it offers, MoneySavingExpert.com can reveal. It's also bringing in a single overdraft interest rate of 39.9% across most accounts. We've full details and analysis below, along with answers to some of the questions you've sent us since we first published this article.
21 January 2020
Suggest a story
Got a money-related news story that affects you? Email us