GET BANKS TO STOP OVERDRAFT FEES

Rejected 14 signatures

What the petition asks

We want banks to freeze interest rates on all overdrafts and loans for 12 months. As one of the millions of micro-business owners in the UK who's been hit hard by the financial impact of the coronavirus, I believe it's criminal that banks are been allowed to charge interest on personal facilities.

We're in the midst of the biggest global financial catastrophe experienced for decades; and banks are still charging interest on overdrafts/loans & standing by recent hikes of 39.9% APR. Millions of people hit by reductions in their earnings will get to the end of the month with the banks taking their fees; pushing overdrafts into unauthorised due to additional recent hikes, thereby jeopardising direct debits; in turn generate more fees, thus creating a debt spiral & not having money to live on.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign this petition calling for the same action: Encourage lenders to suspend interest, fees and repayments during COVID-19

You can find out more about coronavirus and how you can protect yourself and others here:

NHS website: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: https://www.gov.uk/coronavirus

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

Timeline

18 Mar 2020	Petition opened for signatures
9 Apr 2020	Rejected by the Petitions Committee

Key facts

Signatures 14

Status Rejected

Rejected 9 Apr 2020

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