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One in four clients last 17 days before using overdraft


One in four clients last 17 days before using overdraft

A survey conducted on behalf of Thinkmoney has revealed that a quarter of bank customers last just 17 days after payday before going overdrawn.

Additionally, one in five respondents admit they are overdrawn just one week after being paid.

This means that, that quarter of bank customers spend half of the month in their overdraft, meaning they will face interest and charges from their banks, and large fines if they go over their agreed overdraft limit.

 





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