{"id":87177,"date":"2018-05-05T12:59:44","date_gmt":"2018-05-05T05:59:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/overdrafts-can-you-cut-the-cost-of-yours\/"},"modified":"2018-05-05T14:03:40","modified_gmt":"2018-05-05T07:03:40","slug":"overdrafts-can-you-cut-the-cost-of-yours","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overdrafts-can-you-cut-the-cost-of-yours\/","title":{"rendered":"Overdrafts: can you cut the cost of yours?"},"content":{"rendered":"


\nA quarter of UK adults have been overdrawn in the past year, paying out a total of \u00a31.2bnLabour this week pledged to cap overdraft costs for millions of hard-pressed bank account holders, promising an average saving of \u00a386 a year. However, there are things people can do right now to reduce their overdraft costs.Official figures show that 25% of all UK adults have been overdrawn in the last 12 months, and the charges levied add up to about \u00a31.2bn a year . Continue reading…
\n
\nSource : theguardian.com
\nRead more…Overdrafts: can you cut the cost of yours?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A quarter of UK adults have been overdrawn in the past year, paying out a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-87177","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-mG5","jetpack-related-posts":[{"id":64018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lloyds-and-halifax-customers-face-up-to-52-apr-overdraft-fee\/","url_meta":{"origin":87177,"position":0},"title":"Lloyds and Halifax customers face up to 52% APR overdraft fee","date":"August 19, 2017","format":false,"excerpt":"\r Account holders slate \u2018astonishing\u2019 rate of borrowing which is more than credit cards and payday loansThere is growing anger among some Lloyds and Halifax customers \u2013 those who regularly use their overdraft \u2013 after they received letters from the banks this week warning them that the cost of going\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-cant-the-uk-cap-overdraft-fees-some-us-states-have-a-7-limit\/","url_meta":{"origin":87177,"position":1},"title":"Why can't the UK cap overdraft fees? Some US states have a 7% limit","date":"May 31, 2018","format":false,"excerpt":"\r The FCA\u2019s new measures don\u2019t go far enough to protect consumers from sky-high bank chargesYou check your account balance at a cash machine and what do you see? You have, say, \u00a31,200 in your account \u2013 but \u201cavailable funds\u201d of \u00a32,200. It\u2019s one of the tricks used by banks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73820,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-have-2m-customers-stuck-in-permanent-overdraft\/","url_meta":{"origin":87177,"position":2},"title":"UK banks have 2m customers stuck in permanent overdraft","date":"December 6, 2017","format":false,"excerpt":"\r Charity warns of unaffordable lending in overdraft market creating a \u2018vicious cycle\u2019 of debt More than 2 million people in the UK are stuck with permanent overdrafts, with many trapped in a \u201cvicious cycle\u201d of borrowing, according to a debt charity.StepChange said it had also uncovered evidence of unaffordable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bill-sets-out-plan-to-tackle-extortionate-uk-overdraft-fees\/","url_meta":{"origin":87177,"position":3},"title":"Bill sets out plan to tackle 'extortionate' UK overdraft fees","date":"April 23, 2017","format":false,"excerpt":"\r Legislation proposed by MP Rachel Reeves would make banks subject to similar rules as payday lendersBank customers ripped off by \u201cextortionate\u201d overdraft fees will get support next week from a parliamentary bill that promises to protect the most financially vulnerable from escalating charges.Rachel Reeves, a Labour MP who sits\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unplanned-overdraft-fees-four-times-costlier-than-payday-loans\/","url_meta":{"origin":87177,"position":4},"title":"Unplanned overdraft fees 'four times costlier than payday loans'","date":"July 9, 2016","format":false,"excerpt":"\r Which? calls for a cap on \u2018punitive\u2019 charges after research shows bank rates harming vulnerable customers Going overdrawn on a current account without permission can now be up to four times more costly than taking out a payday loan, according to new research from consumer body Which? Continue reading...\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/left-powerless-as-lloyds-decided-to-freeze-then-close-my-online-account\/","url_meta":{"origin":87177,"position":5},"title":"Left powerless as Lloyds decided to freeze, then close, my online account","date":"August 18, 2015","format":false,"excerpt":"\r I was given no explanation and it has never spoken to me about itI am a self-employed registered childminder and single mum and have been told by Lloyds that it has frozen my online banking and, as of 28 September, will be closing my account and that of my\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87177"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=87177"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87177\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=87177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=87177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=87177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}