Santander student overdraft help Watch
And if so, how long would it take to update?
I would talk to Santander to ask if they can raise your over draft limit from £250 to £1500 if that is what you want. As your limit is only £250 atm, if you borrow £500 from family and put it in your bank, £250 would get taken for the overdraft first, and you’d have £250 to spend.
Regarding the £500, if I was to deposit it I would be then on +£250 and then to withdraw it again I would be back at -£250 (the overdraft) so it would be still okay I think, just wondering whether it triggers the increase