Lloyds Bank accused of religious discrimination over free overdrafts on Islamic accounts
The high street bank said the changes reflect the needs of 'customers who cannot receive credit or debit interest due to their religious beliefs'
Antonia Molloy
Saturday 26 April 2014
Lloyds Bank has said it will not charge Muslim customers if they go into their overdrafts.
The bank sent out a booklet this month explaining changes to its personal banking services, including one that would allow Muslims to avoid overdraft charges, The Telegraph reported.
The document stated: “We are removing the Monthly Overdraft Management Fee of £6 from our Islamic Account, Islamic Student Account and Islamic Graduate Account. So, if you use an Unplanned Overdraft on these accounts there won’t be any charges.”
Lloyds was accused of religious discrimination following the announcement. Barclays, Co-op Bank and RBS said they do not offer different bank accounts to Muslim customers.
http://www.independent.co.uk/news/uk/home-news/lloyds-bank-removes-overdraft-fee-from-islamic-accounts-9291932.html