WARNING: This product contains nicotine. Nicotine is an addictive chemical.
While it might seem like a lifehack to get a free movie, the landscape of the internet has changed significantly since 2017.
The index collapsed following the fallout and the Financial Conduct Authority’s (FCA) 2019 overdraft reforms . The FCA banned fixed daily and per-item fees, forcing banks to charge a simple annual interest rate (APR) for unarranged borrowing. By 2020, the index’s average cost for a £100, 30-day unarranged overdraft fell from approximately £30–£50 to just £5–£12. However, the index also showed a substitution effect: many banks introduced monthly packaged account fees (£10–£25) for "benefits" like mobile phone insurance, artificially raising the baseline cost for customers who did not opt out. Thus, while the acute peak charges vanished, the chronic floor of the index rose. index of bank chor