Commenting on the Figures Published by Which?
(Targeted News Service Via Acquire Media NewsEdge) LONDON, Oct. 14 -- The British Bankers' Association issued the following news release:
BBA Chief Executive, Anthony Browne said:
"Overdraft charges for customers have fallen significantly in recent years. The Office of Fair Trading estimates that customers are now up to Pounds1 billion better off due to reductions in these fees.
"The higher figures quoted by Which? are based on extreme examples of unauthorised overdrafts. This is not a form of borrowing that we would ever recommend.
"We always encourage customers to shop around to get the best deals and the recently launched switching service makes it easier than ever before. Banks compete vigorously for business and customers should take full advantage of this competition to get the bank account that's best for them."
(c) 2013 Targeted News Service
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