(BBC News)

Banks are still finding “sneaky ways” to make money out of people, the consumers’ association Which? has said.

It claims the rate on authorised overdrafts is at its highest level since records began in the mid-1990s.

According to the latest Bank of England statistics, the average overdraft rate is 18.96%, although many of the big banks can charge considerably more. Which? says that the rate for unauthorised overdrafts has fallen owing to a major court case.

It has accused banks of raising the rate on authorised overdrafts to make up the difference.

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