Santander doubles overdraft fees

Jo Robinson

AP Photo/Jasper Juinen

Existing Santander customers will face higher charges for going overdrawn, after the bank announced plans to increase fees and interest rates across its current account range.

Consumer watchdog Which? has revealed that the bank is doubling its daily arranged overdraft fee on all accounts other than its Zero Account from £0.50 to £1, from 16 March 2012.