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Overdraft malarky
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Right well im abit of a doofus when it comes to all things to do with banks.
Anyway so far i've done really well with my money and luckily with all the money i saved last year and my student loan i havent had to go into my overdraft. I've got a natwest student account with £1000 odd interest free overdraft.
Anyway seems like a dumb question buuuut do you go automatically into your overdraft when you take the money out the ATM or do you have to go into your branch to sort it out? One of my mates was telling me today that he had to go into his branch beforehand to tell the branch he was going into his overdraft and that they had to activate it ... confused me a little ...
Cheers
Anyway so far i've done really well with my money and luckily with all the money i saved last year and my student loan i havent had to go into my overdraft. I've got a natwest student account with £1000 odd interest free overdraft.
Anyway seems like a dumb question buuuut do you go automatically into your overdraft when you take the money out the ATM or do you have to go into your branch to sort it out? One of my mates was telling me today that he had to go into his branch beforehand to tell the branch he was going into his overdraft and that they had to activate it ... confused me a little ...
Cheers
0
Comments
Your mate may have been talking about unauthorized overdrafts, which you should speak to the back about first.
Either way as Kermit said, go in and speak with your bank.
:thumb:
You'll have to look closely at the ATM slip, at the end of the balance it either says CR or OD, if it's OD then you're overdrawn.