Digital Banks with the Best Overdrafts

AltFi takes a look at overdrafts in the digital banking market, both arranged and unarranged; their research found that Starling Bank offered the best overdraft product by charging the equivalent of 15 percent; Monzo was the runner up with a 50p charge every day your account is overdraws more than 20 GBP; B from Clydesdale and Yorkshire Banks and N26 rounded out the top four; overdrafts are an important business for banks and offer customers a lifeline when needed, though it can be taken back by the bank at anytime. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.