Rabinowitz said the comment was "unfortunate" because it was made before the OFT had even begun its ongoing investigation into current account overdraft charges.
A widely expected crackdown on the level of current account overdraft charges has been put on hold while banks and building societies are subjected to further scrutiny, it was announced today.
A I went over my Barclays Additions current account overdraft limit by £30 and was charged £20 for each subsequent transaction, which cost me a total of £60 in bank charges.
The credit-data-sharing net has widened in recent years, taking in things like current account overdraft facilities, mobile phone contracts and even some utility agreements.
Atom says that by "the end of 2016" it will add current accounts, overdrafts, debit and credit cards, instant access savings and residential mortgages to the list of financial products, all serviced via the app.
The UK deal does not cover customers with current accounts in overdraft.
The highest current account unauthorised overdraft fee – at £150 a month – is charged by First Direct and HSBC.
The Corporate Banking segment incorporates current accounts, deposits, overdrafts, loans and other credit facilities, foreign currency and derivative products to very large corporate customers and blue chips.
The Corporate Banking segment comprises direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency, and derivative products.
The Corporate Banking segment represents direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency, and trade finance products to legal entities.
