Lloyds Bank PLC

Financial Ombudsman decision DRN3189118 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Fri May 24deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Charges and fees, Interest and rates

In the Ombudsman’s words

This complaint is about the charges applied on a business account held with Lloyds Bank PLC.Charges and fees

Interest was charged on the agreed overdraft at a rate of 10.56% until 2016 when it was reduced to 10.31%.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN3189118.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.