A High Court test case is set to challenge whether or not bank charges for unauthorised overdrafts are unfair. If the court rules against the charges it could lead to billions of pounds being refunded to customers and banks losing millions of pounds every day in administration costs. This might eventually lead to reduce interest rates or even charges to have a current account.

BBC News

So, as a customer who has NEVER been overdrawn and whose cheques have NEVER bounced because of insufficient funds in my account, I could now end up earning less interest on my money if the courts should decide that banks cannot charge a fee for administering accounts that go overdrawn. I'm sure it's not going to come to that, but it annoys me that people think it's OK to spend money they haven't got and expect to be able to do so without any consequence.

What do you think?