The Student Room Group

Overdraft

So, I’ve maxed out a £1000 student overdraft with Another bank? Has anyone been in this situation before will I have to pay it all back straightaway? Or if I keep within the arranged limit is that okay?
Just keep in the limit, the key terms should’ve been outlined to you before you agreed to take out that overdraft. But should be fine if you just stay within the limit
Best contacting the bank about repayments. Many get repayments after entering a Graduate account. Just make sure that you do not go over your arranged overdraft though or high fees can occur (Unless you go with Nationwide- the only fee-free student account in the UK)
(edited 4 years ago)
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