Bank overdraft fees leave even maths PhD baffled

Which? the consumer watchdog found that anyone using an unauthorised overdraft would find it virtually impossible to calculate how much they would be charged or to compare charges between banks, due to the complicated fee structures.

It gave a group of customers a mock bank statement and asked them to work out the cost of an unauthorised overdraft at four different banks.  Despite one volunteer being a maths PhD student, none of them got all the calculations right.

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