I have a very annoying banking situation. I hold two accounts, one with Nationwide and one with Barclays. The Nationwide is a savings account with an overdraft limit of £250 and the Barclays is a student account with a £200 overdraft limit. I'm currently in my second year at university. My student finance was put in my Nationwide account in first year because me being an idiot thought it was a student accout, bad move. I opened a Barclays account and was told that If I transfered the student finance money to their account I would have no problem in increasing my overdraft.
I have persistently tried to increase the limit and have been told different things, most recently however they wanted the last 3 months statements for the Naitonwide account and the application went through. The advisor that dealt with me assured he would phone me the next morning to tell me how the application went, however I had to go back into town and see what was going on for myself as I never got a phone call. They now wanted a photocopy of the Nationwide card used and had a problem with the address I was using which was my University address. I'm assured that I will be phoned the next day, I wait all weekend for a phone call which didn't arrive and had to go into branch again only to be told that my application had been declined because of multi-banking? Surely I'm allowed to have more than one bank account.
Can anyone offer me any advice as what to do next, as I can't phone home and ask for more money when I run out as I'm not on speaking terms with my mother and the rest of my family are unable to. Every term around week 8 I run out of money and have to take out emergency loans with the university which is frustrating and stressful when I could cover the costs if I had a similiar overdraft facility to most of my friends who have at least £1,000. Is it possible to switch banks easily and be guarenteed a proper overdraft. I'm assuming I will have to pay off the £200 from Barclays as I don't wish to continue banking with them after the bad experiences I've had. Any help or advice given would be really appreciated as I'm massively stressing out.
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Student Account Crisis!!! watch
- Thread Starter
- 06-12-2010 21:42
- 07-12-2010 01:24
Open a student account with natwest. The approved my overdraft while I sat there and I've been banking with them all my life and never had a problem
- 08-12-2010 04:49
...Last edited by Operane; 13-04-2011 at 21:49.