Tag: overdraft
Up to 17.2 percent: Overdraft interest rates at banks continue to rise
As of: March 13, 2024 12:56 p.m The overdraft interest rates are climbing ever higher: according to “Finanztest”, some financial institutions are currently charging up to 17.2 percent. Three quarters…
Finance: “The pace is rapid” – overdraft interest rates are rising significantly
Finance “The pace is rapid” – overdraft interest rates are rising significantly An overdraft facility can be quite expensive with some credit institutions. photo © Thomas Banneyer/dpa If you don’t…
Overdraft interest on average is 12 percent
As of: October 10, 2023 9:26 a.m Anyone who takes advantage of an overdraft as a bank customer always has to pay more for it. On average, overdraft interest rates…
Tell us how you’re trying to manage your bank overdraft
The economic situation is gloomy this fall, weighed down by inflation. The Secours populaire has just published an edifying report on precariousness in France. Among the figures that emerge, we…
Cost trap overdraft facility: This is how you can avoid an overdraft
Extremely high interest rates Cost trap overdraft facility: This is how you can avoid an overdraft Pretty expensive: A comparison by Stiftung Warentest shows that the average interest rate for…
Overdraft interest: why the costs are rising and how you can protect yourself
Seven mistakes families make on vacation Hoping for a relaxing time on the campsite, choosing the destination for the child or wanting to stick to the rhythm: How parents spoil…
Debt trap overdraft facility: Inflation drives people into the red
Status: 03.02.2023 05:02 Millions of people in Germany can apparently not shoulder the high cost of living – and have therefore slipped into the red with their accounts. This is…
Consequences of the turnaround in interest rates: Interest rates for overdraft facilities are rising significantly
Status: 11/21/2022 11:08 am The turnaround in interest rates initiated by the ECB is now reaching current accounts. If you overdraw your account, you often have to expect significantly higher…
Higher interest rates: "The overdraft facility is the entry point into the debt trap"
Everything is getting more expensive, now the banks are also raising the overdraft interest – often to more than ten percent. This affects those who have nothing anyway. Consumer advocates…