Monzo and Starling's updated overdraft policies differ from US neobank policies, which have been tending toward greater lenience:
The Sun. Previously, customers beyond the £20 buffer were charged a flat 50 pence per day for all overdrafts. The neobank is also raising its maximum overdraft from £1,000 to £3,000 for some users.
The changes will most affect customers who overdraft large amounts or have poor credit. In Monzo's case, overdrafting small amounts for short periods of time with the new interest rates could be even cheaper than paying a flat 50 pence per day, meaning that some customers who accidentally overdraft small amounts might actually be better off under the new system.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
TD Bank tops US customer satisfaction ranking - Business Insider - Business InsiderTD Bank likely stood out due to the service quality of its branches and its strong checking account offerings and digital banking services:
Leer más »
PHOTOS: Silicon Valley billionaire families host Buttigieg fundraiser - Business InsiderInside the fundraiser Silicon Valley's elite billionaire families hosted for Pete Buttigieg, where guests paid $2,800 to dine under a chandelier covered in 1,500 Swarovski crystals
Leer más »
United Nations COP25 climate conference in Madrid by the numbers - Business InsiderAfter weeks of climate change talks, this year's annual UN conference on the topic has yielded no tangible outcomes — despite its hefty price tag.
Leer más »
Express Scripts divulges digital health formulary details - Business InsiderExpress Scripts picked a handful of well-known digital therapeutics companies to provide the first cohort of tools for its digital health formulary.
Leer más »
Cadillac 2021 Escalade features 38 inch curved OLED screen - Business InsiderThe company's massive, high-end SUV — set to be released in February — will come with a massive, high-definition display to match.
Leer más »
Benefits of the Amex Centurion black card, and your best alternative - Business InsiderThe Amex 'black' card is beyond exclusive, with an invite-only policy. It offers amazing perks, but you can get most of them with the Amex Platinum.
Leer más »