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How much will I most likely get as a student overdraft?

HSBC for example offer £3,000 but I doubt many people get that. Where are you mmost likely going to get the higher amounts?

Any particular bank to avoid?
Original post by thad33
HSBC for example offer £3,000 but I doubt many people get that. Where are you mmost likely going to get the higher amounts?

Any particular bank to avoid?


For most banks its a gradual increase year on year, i think the highest i've heard of 1.5k from santander in 1st year.
Reply 2
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thad33
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Original post by claireestelle
For most banks its a gradual increase year on year, i think the highest i've heard of 1.5k from santander in 1st year.


Thank you. Do you know if the 1.5k is a common overdraft to be given or not?


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Original post by thad33
Thank you. Do you know if the 1.5k is a common overdraft to be given or not?


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Afraid I don't bank with them, I got 1k with my bank in 1st year.
I got 1k my first year then was offered the full £3000 for my 2nd year
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TrojanH
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Original post by Jackieox
I got 1k my first year then was offered the full £3000 for my 2nd year


Do you have any credit accounts or anything? Did you ever use the O.D?
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thad33
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Original post by claireestelle
Afraid I don't bank with them, I got 1k with my bank in 1st year.


Which bank is that? I might go into a few and ask whether they can give an estimate to the overdraft they can give me.
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thad33
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Original post by Jackieox
I got 1k my first year then was offered the full £3000 for my 2nd year


HSBC I'm assuming
Original post by thad33
Which bank is that? I might go into a few and ask whether they can give an estimate to the overdraft they can give me.


lloyds bank, they may ask to run a credit check to be able to tell you but there's no harm in asking.
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thad33
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Original post by claireestelle
lloyds bank, they may ask to run a credit check to be able to tell you but there's no harm in asking.

Thank you so much!
Original post by thad33
HSBC I'm assuming



Halifax.

Original post by TrojanH
Do you have any credit accounts or anything? Did you ever use the O.D?


Nope no credit accounts, I used it (and still have it) but I never went more than 1.5k into it because i hate being in debt. The reason they gave me so much was they looked at my families circumstances and because i get the minimum loan they increased my overdraft so it's there in case i need it.
Original post by thad33
HSBC for example offer £3,000 but I doubt many people get that. Where are you mmost likely going to get the higher amounts?

Any particular bank to avoid?


Satander give 1500 as standard and you can request to increase it to 2500
Reply 12
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thad33
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Original post by LPauling
Satander give 1500 as standard and you can request to increase it to 2500


Brilliant, looks like I'll go to them first


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