An overdraft? That’ll be £200 at Lloyds TSB (but only £15 if you’re a Muslim)

Many Lloyds TSB customers are being hit with charges of up to £200 a month if they go into the red – while Muslims who use the bank are only being charged £15.

The part-nationalised bank has been accused of religious discrimination over the disparity between overdraft charges on its standard current account and its Islamic account.

The Islamic account was set up by the high street bank to attract Muslim customers by allowing them to keep faithful to their religion.

Shariah law does not permit the payment of interest so the ‘typical’ Islamic account at Lloyds TSB has been set up without an overdraft facility.

Read more: http://www.dailymail.co.uk/news/article-1208204/An-overdraft-Thatll-200-Lloyds-TSB-15-youre-Muslim.html#ixzz0P7lWH5LE

No interest is charged on Islamic accounts, while customers with a normal account are hit with charges of up to £200

No interest is charged on Islamic accounts, while customers with a normal account are hit with charges of up to £200

 

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