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Huge fee change for millions of Lloyds, Halifax and Bank of Scotland customers from TODAY [Video]

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Nova Scotia News

MILLIONS of Lloyds Banking Group customers are facing a rise in overdraft fees from today.

In August, the bank announced a huge shake-up of interest rates on overdrafts for Lloyds, Halifax and Bank of Scotland customers.

Certain Club Lloyds customers have seen their overdraft rate nearly double from 27.5% to 49.9%

It said some customers would see rates go down to 19.9% or 29.9% and some may see them go up, as it was assessing everyone individually.

Customers on Club Lloyds had a preferential rate of 27.5% scrapped and were moved on to a new rate, depending on their credit history.

While millions of other customers who are not part of the scheme also saw their overdraft rate change.

As a way to ease in the measures, it introduced temporary rates or 34.9% and 44.9% for rates that were going up.

But from today, customers whose interest rates increased to 34.9% will …

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