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Rejected student bank account by Santander

I currently have a student bank account with Halifax. I am -£999 into my overdraft limit meaning I owe Halifax £999. My maximum overdraft limit is £1000. This isn't enough, so I applied for a Santander student bank account. I was rejected by them because of Information held about you by a credit reference agency.

What does this even mean? The only debt I have is the £999 I owe to Halifax. I have a student bank account. I don't have credit card, only a debit card. I did however exceed my overfradt limit numerous times this year, so Halifax won't extend my overdraft, so I want to close my account and open one with Santander

So, I wonder if Satander rejected my application because I owe money to Halifax?

I get £2000 student loans and grant paid into my Halifax account next week. This will pay back my overdraft meaning I owe nothing to Halifax.

Then can I close my Halifax account and open a Santander account and put the £1000 into it which entitles me to their £1500 overdraft limit.

Did Santander reject my application because I still have an overdraft I need to pay back to Halifax?

Reply 1

Pink Boy

You should check your credit rating on www.experian.co.uk with a free trial to see what's holding you down. It could very well be the unauthorised overdraft in Halifax . You might then need to try going to santander in person to convince them with your income and repay plan.

Reply 2

jacketpotato

Exceeding your overdraft limit probably appears on your credit record ... its probably this rather than the actual outstanding overdraft that is the issue

Reply 3

parentlurker

Original post by Miss Posh

I don't have credit card, only a debit card. I did however exceed my overfradt limit numerous times this year, so Halifax won't extend my overdraft, so I want to close my account and open one with Santander?

Going over your agreed overdraft numerous times is the problem. Your best bet now is a part time job, stay within your overdraft for 6 months and try again, although I'm afraid they may want a longer period of financial responsibility. You could try smile, they offered a reasonable student overdaft last time I looked