Post-Graduate Overdraft?!?

Sazzzle

I have a Graduate Account with Lloyds TSB... I graduated from my 3yr degree in 2005 but then went on to do a 1yr Masters course.

I recently received a letter saying that as it had been 3 years since I graduated and so my £2,000 overdraft would no longer be interest-free.

I was actually a student for 4 years in total and finished graduating in 2006, so surely I'm entitled to one more year of my Graduate Account?!?

Does anyone have any knowledge on this? The bank said that the 3 years starts after I first graduate, but I don't think this is fair when I then went on to spend another year as a poor, skint student!!

Sazzzle

Anybody?!? :-(

emma396

give them a call and see what they say.

Sazzzle

I did that already..... As I said, they told me that the Student Account becomes a Graduate Account 3 years after you open it.

But this is why I'm querying it... Lloyds TSB Graduate Account policy gives you £2000 interest-free the first year after you graduate, £1500 in your second year and £1000 in your third and final year.

When I graduated from my Masters, I got a letter saying that my overdraft was going from £2000 interest-free to £1500 interest-free but I called the bank and said that I'd only just graduated from my Masters and was in Year 1 of being a graduate, and so they changed it back to £2000 interest-free.

This last year I've had £1500 interest-free overdraft, which surely proves that now I should be going to £1000 interest-free.....