High street bank Barclays has announced that it is to change its
The organisation is to make its
It is to introduce a new overdraft system, entitled Personal Reserve, which will act as a replacement to the unauthorised overdraft arrangement favoured by other lenders.
Managing director of
“The overall package of changes we are making for new and existing customers provides a simple, clear choice and improved value, marking a step change in
Lloyds TSB has responded to the
It added that unlike at Barclays, Lloyds TSB customers receive a warning when they are near their overdraft limit.
© Adfero Ltd