The Aporia · Almost two-thirds unaware what overdraft charges they face, survey indicates

Almost two-thirds unaware what overdraft charges they face, survey indicates

Read the original at Evening Standard ↗

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Shaw, V. (2026, September 23). Almost two-thirds unaware what overdraft charges they face, survey indicates. Evening Standard. https://www.standard.co.uk/business/money/people-women-b1298064.html

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Quick Summary

A survey conducted by Clariti found that 61% of UK adults are unaware of their bank's overdraft charges, while 39% know the fees they face. The research also revealed a gender gap, with two-thirds (66%) of women not knowing their overdraft costs compared to 56% of men. Vix Leyton from thinkmoney emphasizes the importance of understanding these fees and suggests comparing accounts for better borrowing options if people regularly use their overdrafts.

Written by AI on 2026-09-23, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

A survey conducted by Clariti in August among 2,000 UK adults found that 61% of people do not know their bank's overdraft charges. Women were more likely to be unaware, with 66% reporting they did not know the fees compared to 56% of men. Vix Leyton, a consumer finance expert at thinkmoney, noted that while overdrafts can serve as a useful short-term safety net, they should not become part of regular finances without understanding associated costs. Leyton suggested checking for interest-free buffer amounts up to a certain limit and advised comparing accounts if one regularly uses the overdraft facility.

Written for “Overdraft Charge Awareness Survey” on 2026-11-02, grounded in this article and the 0 other(s) covering the same event.

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Uncertain

22%

2 of 9 hedged ("reportedly", "may", "according to")

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takes no side on a contested political question

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Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.

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articles that frame the event the way this one does

Who wrote this

Vicky Shaw

65 article(s) here · 1 carrying a prediction

🔮 The ABI said that homeowners concerned about subsidence should be aware of several warning signs, and may need to consider speaking to their insurer and seeking professional advice if they notice: – Cracks that are wider than 3mm – about the thickness of a £1 coin – as these may need further investigation. – Diagonal cracks, particularly if they are wider at the top than at the bottom. – Cracks that appear suddenly, rather than developing gradually through normal wear and tear.

2026-11-02 · speculative framing · Record domestic subsidence claims received after summer heatwaves – insurers

🔮 The move was welcomed by many savings and investments providers – although some raised concerns that plans for a new “starter Isa” could add more complexities to the Isa system.

2026-10-28 · assertive framing · Annual cash Isa limit will remain at £20,000 after plans for cut overturned

🔮 Here is a look at what will be available under the plans: – What is the Your First Home scheme? The scheme will provide 20% equity loans to first-time buyers.

2026-10-28 · assertive framing · What support has been announced for first-time buyers in the Budget?

🔮 The move was welcomed by many savings and investments providers – although some raised concerns that plans for a new “starter Isa” could add more complexities to the Isa system.

2026-10-28 · assertive framing · Annual cash Isa limit will remain at £20,000 after plans for cut overturned

🔮 The Financial Conduct Authority (FCA) said that understanding geographical patterns could help identify where climate-related risks may have the greatest effect on consumers and mortgage lending if flooding becomes more frequent or severe.

2026-10-26 · mixed framing · Regulator examines how flood risk relates to the mortgage market in England

🔮 The Government recently unveiled the Your First Home initiative, which will give first-time buyers the chance to buy a new build property with a 2.5% deposit, with the Government stepping in to lend them an extra 20% towards the cost.

2026-10-26 · assertive framing · ‘Critical point’ for housing industry as fall in new home registrations recorded

🔮 Read More He added: “Those coming to the end of a current fixed (mortgage) deal will not only face higher rates but also a more volatile market where deals can come and go quickly.”

2026-10-21 · assertive framing · Annual UK house price growth slowed in August for fourth month in a row – ONS

🔮 This would put someone on the full new state pension on course to receive £250.70 per week from next April – up from £241.30 per week currently.

2026-10-21 · assertive framing · Full new state pension set to top £13,000 under triple lock guarantee

🔮 Matt Smith, a mortgage expert at Rightmove, said: “It’s been a difficult few weeks for home buyers who have been watching mortgage rates rise quickly, particularly for those who had worked out what they could afford based on lower rates earlier in the year. “

2026-10-19 · assertive framing · £3,575 jump in the average price tag on a home in October – Rightmove

2026-10-18 · assertive framing · £3,575 jump in the average price tag on a home in October – Rightmove

Also by Vicky Shaw

Record domestic subsidence claims received after summer heatwaves – insurers

2026-11-02 · Evening Standard

Annual cash Isa limit will remain at £20,000 after plans for cut overturned

2026-10-28 · Evening Standard

What support has been announced for first-time buyers in the Budget?

2026-10-28 · Evening Standard

Annual cash Isa limit will remain at £20,000 after plans for cut overturned

2026-10-28 · Evening Standard

Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 65 articles by Vicky Shaw →

Claims (9 extracted, 2 hedged)

Around six in 10 (61%) people have no idea what their account provider’s overdraft charges are, a survey indicates. asserted

survey → have → idea

Just 39% of people surveyed for app thinkmoney said they know what their provider charges for going into the red. asserted

provider → survey → red

Women are particularly likely to be in the dark, with two-thirds (66%) saying they do not know what they are charged compared with 56% of men, according to the research, carried out by Clariti among 2,000 UK adults in August. uncertain

they → say → August

Vix Leyton, a consumer finance expert at thinkmoney, said: “Overdrafts are a strange bit of borrowing because they can very quickly stop feeling like borrowing at all.” asserted

they → say → borrowing

She said they can be a “useful” short-term safety net, adding: “If payday regularly gets you back to zero rather than back into credit, your overdraft probably isn’t an emergency cushion anymore – it has become part of your monthly finances, and you need to know what that is costing you.” asserted

that → say → you

As well as checking the overdraft rate, people could also see whether their account gives any interest-free buffer up to a certain amount, she suggested. uncertain

she → check → amount

Ms Leyton said: “If you are dipping into it regularly, it is worth comparing your account with what else is available and looking at whether there is a cheaper way to borrow, whilst you work out what’s keeping you stuck in the mud. asserted

what → say → mud

“But if your overdraft is increasingly covering groceries, bills or other essentials, moving the debt around only deals with one part of the problem. asserted

moving → cover → problem

“That’s the point to look at what is causing the monthly shortfall and get support early if you need it.” asserted

you → ’ → it

Almost two-thirds unaware what overdraft charges they face, survey indicates

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Claims (9 extracted, 2 hedged)