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Nationwide to repay GBP6 million to customers not warned of overdraft fees

( August 8, 2019, 11:47 GMT | Official Statement) -- MLex Summary: Nationwide will refund 6 million pounds ($7.3 million) to 320,000 customers after UK competition watchdogs found that the UK bank had failed to warn them via text message of impending overdraft charges. The Competition and Markets Authority said today it was also "very concerned" the bank had failed to provide 120,000 customers in Northern Ireland with information on account switching.Statement follows. Documents attached. ...

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