We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Being charged interest on Graduate overdraft???
bargainhunterss
Posts: 792 Forumite
When I changed my current account from a Higher education account to a Graduate additions account (the only one I was told would be suitable for me with my overdraft) I was told I wouldn't be charged interest as I would be paying a £7 a month fee. However, I've noticed on my statements that I am paying roughly £4-5 a month in interest, plus the account fee! I've even looked in the terms and conditions for this account and it says I shouldn't be paying interest! :mad:
What should I do? xx
What should I do? xx
Every act of kindness, no matter how small, isn’t wasted ❤️
"It’ll be alright in the end, and if it’s not alright - it’s not the end"
Every pound we spend is a vote for the sort of world we want
2021 wins - 1
0
Comments
-
bargainhunterss wrote: »When I changed my current account from a Higher education account to a Graduate additions account (the only one I was told would be suitable for me with my overdraft) I was told I wouldn't be charged interest as I would be paying a £7 a month fee. However, I've noticed on my statements that I am paying roughly £4-5 a month in interest, plus the account fee! I've even looked in the terms and conditions for this account and it says I shouldn't be paying interest! :mad:
What should I do? xx
Slightly radical idea, but contact the bank?
Not much the members of an internet forum can do about it! :rotfl:
(They really do give out degrees like sweeties, don't they? :mad:)I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
iamana1ias wrote: »Slightly radical idea, but contact the bank?
Not much the members of an internet forum can do about it! :rotfl:
(They really do give out degrees like sweeties, don't they? :mad:)
Not sure the additional comments were necessary but I do understand your sentiments though
0 -
natweststaffmember wrote: »Not sure the additional comments were necessary but I do understand your sentiments though
Which sentiemnts are those then? old generation knows all...please save it.
OP, which bank are you with? Not enough information at present.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Which sentiemnts are those then? old generation knows all...please save it.
OP, which bank are you with? Not enough information at present.
The phrase "ask a silly question......."
If the bank advised one thing ie no interest and are then charging it then there must be a reason which could be the staight forward one of they are overdrawn and charged interest or maybe there is another reason such as the terms of the grad account ending or that the account was miskeyed with regards to interest details, etc,etc,0 -
Lol, I realised as soon as I posted it guys! Geez....steady on! I just wondered if anyone else had had the same problem with Barclays.
No need to be rude. Were supposed to help each other... Every act of kindness, no matter how small, isn’t wasted ❤️
"It’ll be alright in the end, and if it’s not alright - it’s not the end"Every pound we spend is a vote for the sort of world we want
2021 wins - 10 -
....hmmm, yet you dont seem to be able to help with Graduate account question :rotfl:. Like I said no need to be rude mate.iamana1ias wrote: »Slightly radical idea, but contact the bank?
Not much the members of an internet forum can do about it! :rotfl:
(They really do give out degrees like sweeties, don't they? :mad:)Every act of kindness, no matter how small, isn’t wasted ❤️
"It’ll be alright in the end, and if it’s not alright - it’s not the end"Every pound we spend is a vote for the sort of world we want
2021 wins - 10 -
What have the bank said in response?"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards