Banks have won the latest stage in the battle of unauthorised overdraft charges.
The Supreme Court has ruled in favour of banks, which were battling the Office of Fair Trading (OFT) over whether the charges could be considered unfair.
However, the ruling does not necessarily signal the end of the legal battle, as the OFT could still go after banks using other regulations.
Around £2.6bn of annual bank income is at stake, and supporters of the charges say free bank accounts could become a thing of the past if the penalties are ruled illegal.
Lord Phillips, president of the Supreme Court, said bank customers agreed to overdraft fees when they sign up for their bank accounts, meaning it falls outside of the regulations, but says the door has not been closed on the issue.
"This will not close the door on the OFT's investigations and may well not resolve the myriad cases that are currently stayed, in which customers have challenged the relevant charges," he says.
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