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Exceeding overdraft facility

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Old 08 April 2010, 10:52 AM
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David Lock
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Question Exceeding overdraft facility

I have a business account with Barclays, not used an awful lot. It also has a modest o/d facility. Looking at the small print I noticed that they will charge me 29.9% if I go over this limit.

I was talking to them yesterday and saying I thought this was exorbitant. I was told this was a pretty standard rate. Is this true? I would love to get back to them and say it isn't.

Just to add that I have never exceeded the limit and have kept the account in good order.

david
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