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    Its early November and I have spent all my student loan.

    I have a £500 bursary from the university on the 4th December. If i take out a £150 student overdraft, and £500 is put into my account on the 4th. Will that money automatically be used to pay off my overdraft, in which case will my balance go from -150 to plus £350 when the bursary comes?
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    yes
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    yes
 
 
 
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