I keep hearing on the radio how nice Lloyds are to let you pay money in before 3:30 to avoid being charged for going overdrawn. How kind you may think but I thought this had always been the case and what they don't tell you is that if you go overdrawn by more than £10 even with an agreed overdraft limit, they charge you £5 per month plus interest. If you are therefore only £50 overdrawn a month for 12 months of only for one day a month, that means you are paying interest of at least 120%. How kind is that. Great for the self-employed or those with spiky earnings.