Banks waives overdraft fees amid coronavirus outbreak

Barclays is waiving overdraft interest fees for a month, as many other banks offer support to those suffering financial problems amid the
coronavirus outbreak.
A statement from Barclays on Wednesday said the company would stop charging interest on personal current overdrafts between 27 March and 30 April.
HSBC confirmed last week it was introducing a temporary £300 interest-free buffer on overdrafts for customers with its Bank Account and Advance Accounts for a period of three months from March 26.
Lloyds followed suit today, saying customers of Lloyds Bank, Halifax and Bank of Scotland would automatically be able to access a £300 interest-free overdraft from April 6 to July 6.

Nationwide has also confirmed it will waive interest for those struggling due to the impact of coronavirus on credit cards and overdrafts, as well as increasing credit limits where needed.
However, decisions will be made on a case-by-case basis, the company added.
Gillean Dooney, managing director at Barclays said it was ‘crucial’ to help customers through this ‘challenging time’, as the virus infects more than 8,000 people across the UK.

Most Read

Hackers linked to Iran target WHO staff emails during coronavirus - sources

CBN cautions Nigerians, reveals cyber criminals’ schemes

Jos Sex Video : Girl who resembles actor in Jos sex video faces hostility

Zoom leaves recordings of calls exposed on the internet, report finds

COVID-19: Fraudsters blast consumers with stimulus check scams

COVID-19: Insensitivity of Nigeria's political elite

COVID-19: Hydroxychloroquine rated ‘most effective’ coronavirus treatment, poll of doctors finds

Zoom Sends Encryption Keys To China (Sometimes)

Japanese businessman, paid US$8.2 million by Tokyo Olympics bid committee, lobbied figure in corruption probe

Why You Should Flush With The Lid Down: Experts Warn Of Fecal-Oral Transmission Of Covid-19