What is a 0% interest overdraft?
I was looking at a student bank account for next year and I notice it says 0% interest overdraft, does this mean I can have an overdraft reaching the limit stated for my whole course and as long as it is paid off by the time I graduate, I don't have to pay interest?
Original post by NonIndigenous
Elaborate
https://www.thisismoney.co.uk/money/saving/article-4813626/How-HSBC-luring-students-OVERDRAFT-TRAP.html
For example.
If you're sharp and read the small print, and keep yourself updated on the terms & conditions of your account (which almost nobody does), you'll be fine.
Otherwise it's wiser to avoid unnecessary debt and risks that come with it. If you need it, then you need it and nothing can be done about it. Just stay sharp.
For example.
If you're sharp and read the small print, and keep yourself updated on the terms & conditions of your account (which almost nobody does), you'll be fine.
Otherwise it's wiser to avoid unnecessary debt and risks that come with it. If you need it, then you need it and nothing can be done about it. Just stay sharp.
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