Extortionate charges of up to £25 for over-running overdrafts by a few pence will be removed within two years. Other moves to empower consumers in their dealings with banks will include the right to switch current accounts to a new bank much more easily and swiftly, and text or email warnings to those who are nearing their overdrafts. But consumer groups are concerned that the success of such measures relies on trusting an industry which has a record of failing customers. Details of the new deal were revealed by the...Read more HERE