Its early November and I have spent all my student loan.
I ahve a bursary coming from my university for £500 on the 4th of December. If i take out a £150 student overdraft, and £500 gets paid into my account. Will that money be used to automatically pay off my student overdraft. Will my bank balance go from -150 to plus 350 when the bursary is added.
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How do you payback an overdraft? watch
- Thread Starter
- 07-11-2015 01:29
- 07-11-2015 03:15
Yup. An overdraft is literally just your bank allowing your balance to go negative. That's it.