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Graduate account interest free overdraft reduced
nailsj86
Posts: 1 Newbie
Hi everyone.
I just realised the other day that my graduate bank account with Natwest will only have an interest free overdraft threshold of £1000 starting in July.
I am sitting at around -£1500 with an overdraft limit of -£1800...
I read on the natwest website for a graduate account they will charge 1.38% per month for the excess over the threshold (so in this case 1.38% of £500 which is approx £8.60 per month) is this correct or am I going to be charged a lot more per month????
I was also wondering if I get charged interest everytime I withdraw cash when I'm over this threshold limit???
Your help will be much appreciated.
Neil
I just realised the other day that my graduate bank account with Natwest will only have an interest free overdraft threshold of £1000 starting in July.
I am sitting at around -£1500 with an overdraft limit of -£1800...
I read on the natwest website for a graduate account they will charge 1.38% per month for the excess over the threshold (so in this case 1.38% of £500 which is approx £8.60 per month) is this correct or am I going to be charged a lot more per month????
I was also wondering if I get charged interest everytime I withdraw cash when I'm over this threshold limit???
Your help will be much appreciated.
Neil
0
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