Half of young people would switch banks for better overdraft terms
UKPulse Money Desk
Half of young people are reportedly willing to switch banks to secure a better overdraft, as debt levels among this demographic are said to be increasing.
- Half of young people would switch banks for improved overdraft terms.
- Overdraft debt levels are reportedly soaring among young people.
Half of young people would consider changing banks if it meant gaining access to a better overdraft facility, according to reports. This comes as debt levels for this age group are said to be soaring.
An overdraft allows individuals to borrow money through their current account, occurring when spending exceeds the available balance.