Consumer review site Which? have warned people struggling with credit card debt in the UK to avoid the numerous penalties that banks are now inflicting on customers.
Since the OFT made British banks lower their penalties to £12 for things such as late payments and going over a credit limit, these same providers have now introduced new fines in an attempt to claw back the money lost.
Amongst the many fines imposed, one of the most startling charges of all is the £12 penalty that some banks are charging consumers who don't inform them if they've moved home.