Home› Work & Study
If you need urgent support, call 999 or go to your nearest A&E. To contact our Crisis Messenger (open 24/7) text THEMIX to 85258.
Options

Student overdrafts.

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
edited March 27 in Work & Study
Can the bank refuse an increase of a student overdraft or tell me off for the use of the overdraft?

Thanks in advance :)
Post edited by JustV on

Comments

  • Options
    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    The bank do not have to allow you to use the overdraft and can revoke the overdraft at any time. They don't have to allow extensions to your limit, just as with any other lending facility. They also don't have to give a reason.

    You should never budget assuming that lending will be available to you.
  • Options
    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I thought as much, thank you!
Sign In or Register to comment.