In July 2016, Andrew Tyrie MP, Chairman of the Treasury Committee (the Committee), wrote to the Chief Executives of 13 banks, seeking information on their charges, including paid and unpaid, on both authorised and unauthorised overdrafts, for each type of personal banking account they offer.

All 13 banks have now responded and the Treasury Committee has published those responses on its website.

Commenting on the responses and the CMA’s final report of its Retail Banking Investigation, the Committee emphasised its concerns on the level of complexity of overdraft charges.