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
