What happens if I go over my student overdraft?

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tvdfan
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?? How does the interest work??
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Admit-One
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(Original post by tvdfan)
?? How does the interest work??
Depends on the T&C's of the account you signed up for.

Some accounts won't let you go beyond an agreed OD, others will charge you higher unauthorised OD fees.
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HoldThisL
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you don't necessarily get charaged interest as some overdraft account providers will block or revert the payment you attempt if it takes you over the limit

if you can go over the interest-free limit, you'll may get charged a day-rate. either way, you have to check with your provider
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