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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Customers `to be warned about approaching overdraft limits`

11/09/2007

A major high street bank is to alert customers when withdrawing money if they are getting too close to their overdraft limit.

HSBC has announced that all its 3,500 ATMs in the UK are to tell current account holders that they are likely to incur a fee if the money they withdraw takes them over the agreed overdraft limit.

Starting on October 1st, HSBC will not charge an arrangement fee if a customer`s daily requests total £10 or less and will not charge more than one fee per day. HSBC said the move was part of its commitment to bringing transparency to its fees and charges.

Joe Garner, general manager HSBC personal financial services, said: "More than 95 per cent of HSBC cash withdrawals are now made at ATMs. We believe that by alerting customers at this point will enable them to make an informed choice about whether to proceed."

In related news, the Daily Telegraph reports that a key HSBC investor has attacked a management bonus scheme, which rewards directors with bonuses of up to seven times their salary even if shareholders see little return.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according