Halifax Overdraft Expiry Issue

mistyarthur

I have two...I know and I don't pay my overdraft into either not for any particular reason I just haven't been, they are natwest and halifax. They have both asked me for the overdraft back before but if you phone them and say you can't, you made a mistake about paying in the loan and you'll change it. Both have taken a gesture payment of a £100 or so and then re-instated the overdraft and as for renewing it halifax send me that every year and because I use online statements I don't always check them and have never reapplied and I'm on my fourth year!
Even if you don't re-apply for one do they not normally put you onto a graduates account where you have 12months (or something similar) interest free.

effortless

Rosieeex wrote: »

Go onto student finance and change your bank details to the halifax, go into a branch and tell the date the loan is going in. That should get them off your back for a bit.

Also just transfer your wages from the other account to halifax yourself.

I think I'll do that, I mean payments do go in, just not regular ones.

Heres to hoping they won't close it

effortless

Panic over, I went in, showed proof I was at college, showed the payment schedule, and that I had changed it over.

She extended it for another year.

I'm so relieved

melancholly

good to hear this got sorted out - i was about to reply and tell you to just ask when you needed to pay money in and how much was needed, rather than mentioning anything specific about the loan.

Fire_Fox

melancholly wrote: »

good to hear this got sorted out - i was about to reply and tell you to just ask when you needed to pay money in and how much was needed, rather than mentioning anything specific about the loan.

That would rather suggest you have no intention of using the student account as your main current account! The bank don't necessarily require a specific amount on a specific date as individual circumstances apply. But if neither student loan nor salary are being credited to the account, it seems unlikely that there will be much activity in the other direction either (once you have rinsed the overdraft! ).

It would be difficult for the bank to write and say they aren't happy because you aren't spending enough to make it look like the student account is your main current account, but they can complain if you blatently aren't funding it. After all you will have advised the bank you had some form of income in order to successfully apply for an interest-free loan in the first place. :rolleyes:

melancholly

i'm not at all encouraging someone to get a student account and not use it (i've advised against it strongly in other threads as it is just asking for toruble) - i just didn't think it was sensible for the OP to shoot themselves in the foot over it.... they have realised their mistake and that's the end of it. they're changing accounts so i'm not really understanding the problem here?