Halifax debt advice

kentguy07

Lets say i am £500 overdrawn with a arranged overdraft
and then on top of that i go overdrawn which will be unarranged by £400

so all in all thats £900 overdrawn.

I have £100 spare a month of which i can pay the £900 debt off.

How bad would the interest and fees be?

http://www.halifax.co.uk/bankaccounts/understandingcharges.asp

I am not 100% sure of the fees. It says on here there is a £28 monthly fee for a unarranged overdraft and a £35 fee for overdrawing the £400
so that would take my overdraft both arranged and unarranged too £935
How much interest would i be paying a month and how much would i have to pay back each month?

Gemmzie

The £35 fee will be triggered every time something comes out of the account up to three times a day so it could work out to be very expensive.

If you just have the £900 and don't touch the account then it'll be £28 a month and then about 20% APR on the debt too so another £5 or so a month.

kentguy07

SO in theory it shouldnt come to more then £100 a month in fees for being overdrawn for that ammount of £900