Overdraft charges 'shatter free banking myth'

Current account customers are being charged as much as £900 a year for going overdrawn without permission, according to a report which "shatters the myth" of free banking.

Other ways in which banks make money from supposedly free accounts is by charging up to 19.9% interest for agreed overdrafts - more than many credit cards and personal loans - and through "hefty fees" for overseas transactions, said consumer champion Which?.
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