Overdraft fees can’t be above 2% rules Supreme Court

The Supreme Court of Spain today ruled that non mortgage overdraft and non-payment fees from banks can be more than 2% above the base rate. The ruling came after a test case by Santander bank (which it has now lost) and is based on EU rules. The sentence rules that in personal loans, which are not mortgages, taken out by private individuals, defaulting fees that are more than 2% above the base rate are abusive Continue reading Overdraft fees can’t be above 2% rules Supreme Court