http://www.bbc.co.uk/news/business-16002022

Some High Street banks are charging "eye-watering" rates of interest when their customers go over their overdraft limit, research by Radio 4's Money Box programme has revealed.

A customer borrowing £100 for 28 days without the consent of Santander would repay £200, for example.

That is the equivalent annualised percentage rate, or APR, of 819,100%.

Why do you not simply get overdraft protection.

Means you can go into overdraft and pay some interest.

Hey. We can nickle-and-diming them by splitting services up.

It's actually worse if you overdraft with TCF Bank. Their new policy is if you overdraft over $5 they will charge you either $28 or $35 a day (can't remember which amount it was)

Don't go overdraft, pretty simple, watch finances carefully. Although my bank - Lloyds allow you to skive your fees if you clear the overdraft the same day.

Customers who overdraw without consent of their bank are essentially stealing anyway, so who cares!? One criminal act deserves another. :) I reckon they should also have their legs broken. That'd teach 'em.

As I said, do not banks offer overdraft protection?

Yeah, I bought a packet of crisps and went into my overdraft yonks ago (I was broke as fuck) and they kept piling on the debts until it got to £460 or something, fuck if I'm paying that for a packet of crisps.

I have a special student account at my bank that comes with overdraft protection. Thank God because I'm broke as hell. Its not my fault, my job pays me very irregularly and I have a number of bill that take straight from my account. If I ever go into overdraft, I immediately get a text and can transfer some of my funds at no harsh penalty. I don't think I earn interest though =/

Weird. In the US it's a one time charge.

This seems to be about going over an "overdraft limit".

Which, I think it'd be important before judging what exactly the overdraft limits are.