GodStar Posted April 23, 2012 Share Posted April 23, 2012 Can anybody recommend a bank that doesnt charge you a disproportionate sum of money for going overdrawn? For example, First Direct wanted to charge me £150 for going overdrawn by £47. This was because you get charged £25 per transaction when overdrawn. I made 6 separate small transactions (foolishly) not realising I was overdrawn. I did manage to beat them down to a £50 charge but want to swap to a decent bank. Any suggestions? Link to comment Share on other sites More sharing options...
pfifes Posted April 23, 2012 Share Posted April 23, 2012 Highly recommend smile.co.uk (the co-op's internet bank). I've been with them for years. http://www.smile.co.uk/servlet/Satellite?cid=1076315830702&pagename=Smile/Page/smView&c=Page Link to comment Share on other sites More sharing options...
GreenyGreen Posted April 23, 2012 Share Posted April 23, 2012 I'm sorry but if someone is liable for certain charges (like being overdrawn), then it's their fault for mis-managing their money. How hard is it to keep an eye on your cash? Link to comment Share on other sites More sharing options...
redruby Posted April 23, 2012 Share Posted April 23, 2012 I'm sorry but if someone is liable for certain charges (like being overdrawn), then it's their fault for mis-managing their money. How hard is it to keep an eye on your cash? To an extent. But how much does an unauthorised overdraft actually cost a bank? Do the charges some banks have reflect this? Link to comment Share on other sites More sharing options...
GreenyGreen Posted April 23, 2012 Share Posted April 23, 2012 To an extent. But how much does an unauthorised overdraft actually cost a bank? Do the charges some banks have reflect this? Can't help you there I'm afraid. Link to comment Share on other sites More sharing options...
ANGELFIRE1 Posted April 23, 2012 Share Posted April 23, 2012 My bank has always been top notch with me - as far as I know anyway. Maybe that's because we never go into the red?. Angel. Link to comment Share on other sites More sharing options...
Darth Vader Posted April 23, 2012 Share Posted April 23, 2012 Whoever you decide to bank with, it might be prudent to arrange an authorised overdraft and that could save you SOME charges, but you'll still get ripped off. The Halifax have put their mortgage interest rates up despite the Chancellor keeping them down! So I don't recommend them to anyone. Link to comment Share on other sites More sharing options...
Darth Vader Posted April 23, 2012 Share Posted April 23, 2012 My bank has always been top notch with me - Angel. Well you must be the first then. Are you getting the same interest rates as they expect borrowers to pay them then? Link to comment Share on other sites More sharing options...
kidley Posted April 23, 2012 Share Posted April 23, 2012 My bank has always been top notch with me - as far as I know anyway. Maybe that's because we never go into the red?. Angel. i want a top notch bank which one is it, Halifax is making an absolute fortune out of me Link to comment Share on other sites More sharing options...
Robbie Loving Posted April 23, 2012 Share Posted April 23, 2012 The Halifax have put their mortgage interest rates up despite the Chancellor keeping them down! So I don't recommend them to anyone. Their variable rates are still a lot lower than some other banks. Link to comment Share on other sites More sharing options...
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