New Natwest Overdraft Policy

BobbyBobBob | 21:48 Fri 17th May 2013 | Personal Finance

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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

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