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Bank & Overdraft Fees
Potential Savings: £50–£200/yr
1
Check for overdraft creep
Many families don't notice £2/day charges. Switch to an account with a small interest-free buffer (Monzo/Starling). Overdraft fees can cost £60–£730/year.
Action:
Review your bank account and switch if needed. Check your last 3 months of statements for overdraft fees.
Top Providers & Recommendations
Monzo
£200 interest-free overdraft, great app
Starling Bank
£200 interest-free overdraft, no fees
First Direct
£250 interest-free buffer, great service
Nationwide (FlexDirect)
FlexAccount with fee-free overdraft options
Chase (JP Morgan Chase UK)
No overdraft fees, 1% cashback
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