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    Sorry for a dumb question but I'd like to find out more how student overdrafts work. I've been seeing lately how people after they graduate need to repay their overdrafts.

    Currently I have a student account with HSBC and have an available overdraft of £500. I barely use my overdraft though as I do not like to go into -£xx. So for example, if I graduate and my overdraft is repayed or I just didn't go into my overdraft money, would I have to repay something?

    I hope my question is clear. It seems like a bit of a stupid question but I am just a little confused at the moment. Thank you!!
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    (Original post by Haru8)
    Sorry for a dumb question but I'd like to find out more how student overdrafts work. I've been seeing lately how people after they graduate need to repay their overdrafts.

    Currently I have a student account with HSBC and have an available overdraft of £500. I barely use my overdraft though as I do not like to go into -£xx. So for example, if I graduate and my overdraft is repayed or I just didn't go into my overdraft money, would I have to repay something?

    I hope my question is clear. It seems like a bit of a stupid question but I am just a little confused at the moment. Thank you!!
    You only need to repay if you are in the minus after you graduate.
 
 
 
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