Lloyds, Halifax, and Bank of Scotland introduce new overdraft charges from 19.9% to 49.9%, Aug.

Lloyds, Halifax, and Bank of Scotland will introduce new overdraft charges from August, ranging from 19.9% to 49.9%. Most customers will see no or reduced changes, but some may face increased charges. The banks will conduct an "affordability assessment" to determine individual rates. Customers can consider switching to accounts with 0% overdrafts or using 0% money transfer cards to avoid interest payments.