News0 min ago
New Natwest Overdraft Policy
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Has anyone seen the new NatWest overdraft policy starting mid july .
My understanding is that even if you have an arranged overdraft of about £2500, if you go over £10 into the red then you will be charged £6 every month you are over that threshold.
It used be that if you went over £100 into the red you get charged.
Obviously the unarranged overdrafts have far bigger penalties.
If anyone has seen the new policy, is what I said above correct or not?
Just trying to work out what I will be charged each month as I don't think I could clear my overdraft by July. If its just £6 each month for whatever you are over the £10 threshold then I can live with that.
Thanks
My understanding is that even if you have an arranged overdraft of about £2500, if you go over £10 into the red then you will be charged £6 every month you are over that threshold.
It used be that if you went over £100 into the red you get charged.
Obviously the unarranged overdrafts have far bigger penalties.
If anyone has seen the new policy, is what I said above correct or not?
Just trying to work out what I will be charged each month as I don't think I could clear my overdraft by July. If its just £6 each month for whatever you are over the £10 threshold then I can live with that.
Thanks
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