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<p>The Government has not made an assessment of the level of unauthorised overdraft
fees charged by banks in the United Kingdom.</p><p> </p><p> </p><p> </p><p>In November
2011, the Government announced an agreement with the major current account providers
to enable customers to control their account and to take action to avoid unarranged
overdraft charges.</p><p> </p><p> </p><p> </p><p>The Office of Fair Trading found
in January 2013 that there had been a significant reduction in bank fees and charges
since their 2008 market study, and estimated that there had been an annual saving
of £928million for consumers as a result.</p><p> </p><p> </p><p> </p><p>On 6 November
2014, the Competition and Markets Authority (CMA) announced its decision to launch
an in-depth market investigation into the supply of retail banking services to personal
current account customers and to small and medium-sized enterprises in the UK. The
CMA have indicated that they will obtain information and analyse the level of transparency
in relation to pricing including on penalty charges, quality and service across banks.</p><p>
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