Those in debt ‘need to manage accounts wisely’

People in debt need to ensure that they are acting prudently with regards to their current accounts in the face of price cuts by two high street banks for unarranged borrowing, it has been suggested.

According to Louise Bond, a personal finance expert from, the move by Natwest and the Royal Bank of Scotland (RBS) could be of great help to those struggling with debt management but people need to be careful when it comes to their current account.

“Consumers can still rack up as much as £260 a month in charges which, although it is 25 times lower than the previous £6,688 limit, it is still a hefty price to pay,” she said.

Ms Bond’s comments follow the decision by Natwest and RBS to reduce overdraft fees to £15 a day, a decrease of 50 per cent, as well as a cut to £5 for people who go overdrawn without notifying their bank.

By Sarah Adie


Tell others:


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.