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Overdrafts
BillieTheBot
Posts: 8,721 Bot
I have a huge authorised overdraft facility (not a student one). Do banks (or even building societies) tend to get arsey when you use them a bit?
I tend to be overdrawn at the end of each month, and now need to spend more on sorting a flat out. Great fun. I've realised that (authorised or not), it can't look that good to a bank.
Has anyone had any problems with overdraft use?
Thanks
I tend to be overdrawn at the end of each month, and now need to spend more on sorting a flat out. Great fun. I've realised that (authorised or not), it can't look that good to a bank.
Has anyone had any problems with overdraft use?
Thanks
Beep boop. I'm a bot.
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Comments
The logical part of my says that
But the worrying part thinks that they might just say (and I think the T&Cs say so too) sod off, you can't have one anymore. And ask for (tell) me to give the money back.
Cheers.
as long as you're within the authorised limit it's all good
I don't know what other banks / BSs charge, but Nationwide charges me about £3.50 a month for being £700 overdrawn in a standard current account.
I doubt they would, because it doesn't make any business sense to do that.
Then again, she was a couple of grand overdrawn and not paying anything into the account - she got her wages paid into another account because each time she got paid her wages were just swallowed up by paying up the overdraft. She was way over her limit and each time she got paid and thought "oh, I've paid a bit off - I can go to the cash machine again now", she was charged £20 each time she got money out and another £20 for the letter telling her that she'd been charged £20! That was Lloyds TSB.
Mine even went so far as to send me a nice letter saying "dear Sir, your overdraft limit has been breached by some direct debits. We extended this for you and paid the bills. We will set you back to your normal limit next month. There is no charge for this."
Jolly nice chaps, I thought!
im graduated from uni this year having gone into some of my interest free overdraft - the bank to my knowledge wont charge me interest even though ive finished cause we agreed to pay it back over a certain time
Wow - which bank was that?
Just what I was going to ask!