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Starling Bank: Introduce new overdraft pricing | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Starling Bank: Introduce new overdraft pricing

By Laura M

December 17, 2019

Starling Bank: Introduce new overdraft pricing

Revising its overdraft pricing on personal current accounts, replacing its flat rate of 15% with a rate of 15%, 25% or 35% EAR (variable)
Starling’s overdraft rate will remain extremely competitive, in the face of rates approaching 40%
Starling is removing the interest rate and the maximum monthly charge on unarranged overdrafts
Starling will also remain one of the most competitive banks for overdrafts
The new pricing structure also designed to reflect the true cost of offering overdrafts
Starling’s overdraft charges have been in line with the new FCA rules from day one

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