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How is a student overdraft paid back? watch

    • Thread Starter

    It's early November and I have spent all my student loan.

    I have a bursary for £500 coming from the university on the 4th of December. If I take out a £150 student overdraft to last me until then, and then £500 is put into my account on the 4th will that money automatically be used to pay off my overdraft (I have Natwest student account), will my account balance go from -150 to plus 350 when the £500 bursary is added.

    • Very Important Poster

    Very Important Poster
    That's usually what happens, yes.
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