‘Illegal’ overdraft fees cost bank customers an average £742 each
Bank customers have paid out an average of £742 in “illegal” penalties over the past six years, it was claimed yesterday. About 18 million of the banks’ 45 million customers have been charged penalties, some as high as £39 a day, since 2001.
The figures emerged as more than one million customers seeking refunds of £713 million in disputed charges have had their claims frozen until a test case is resolved in the High Court.