VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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Does it cost money to use the Overdraft facility?? I want to put one in my Debit Card, because I've spent a little too much money this month! 
Corsa 2.0 16v Vegas - Sold
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Greg_M
Member
Registered: 2nd Sep 03
Location: Grantham, Lincolnshire
User status: Offline
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if its agreed with the bank the first hundred or so is usually free.
but if you've gone OD and then apply for it prepare to be carged anywhere between 2-10%
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Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
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Yes i believe that they charge you a small amount depending on how much your overdraft is and how much you take out..
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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depends what bank your with. I know when I accidentally went into my overdraft (not agreed) by £3 they charged me £30.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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You pay interest on the money you have borrowed on an arranged overdraft.
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Carl
Member
Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
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i did a debit card transaction over the phone today for 40 quid, only had 32 in my student overdraft but i've just done a transfer on the on-line banking, hoping it sorts it out or its doing to make my parking fine even more expensive. 
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John
Member
Registered: 30th Jun 03
User status: Offline
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I pay nothing on my 1250 od.
Could be about 3k if i wanted afaik.
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Carl
Member
Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
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quote:
Originally posted by John
I pay nothing on my 1250 od.
Could be about 3k if i wanted afaik.
how come? i have a 1,400 student overdraft, can p it abit every year, but can't get nowhere near 3k! surely if you can have 3k intrest free you would take it and put it all in an isa?
[Edited on 20-03-2006 by Carl]
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John
Member
Registered: 30th Jun 03
User status: Offline
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Mine goes up every year to.
I'm not sure what it goes up each year but i don't think its far off that.
I could I suppose but never bothered.
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corsa.in.boro
Member
Registered: 30th Aug 02
User status: Offline
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what student account you got??
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John
Member
Registered: 30th Jun 03
User status: Offline
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RBS one.
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Baz-Zico
Member
Registered: 15th Jan 03
Location: Glasgow, Renfrewshire
User status: Offline
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£500 overdraft does me fine, never touch it tho 
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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Mines set at £1400 but never need to use it 
Thats all free too because i'm a pikey student 
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RS6
Member
Registered: 5th Nov 03
Location: with MJ
User status: Offline
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Mines only set to £100 right now i must be £80 OD, the bank wouldn't increase it when i asked
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Carl
Member
Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
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mines maxed out, and put in an isa, but i might have blown the money i'll make if i get changed for going over.
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Baz-Zico
Member
Registered: 15th Jan 03
Location: Glasgow, Renfrewshire
User status: Offline
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they increased mine from £100 to £500 without tellin me, only found out when I got the monthly statement
[Edited on 20-03-2006 by TheScotsman]
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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I have an unauthorised overdraft on my account, it costs me £18 if I use it though!
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dave17
Member
Registered: 3rd Sep 02
Location: Greater London
User status: Offline
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I have a £750 overdraft and i go to the limit everymonth. Hardly get charged anythin tho
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