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Halifax Overdraft being reduced.

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Comments

  • jambosans
    jambosans Posts: 1,493 Forumite
    Think it's that time of year - they've just increased mine completely out of the blue after it sitting happily where it was for pushing the best part of 10 years. Never asked for a change, avoid going into the bank if at all possible - they just randomly upped it.

    Your overdraft is normally increased, decreased, kept the same or removed on the review date. The review is normally annually, you've probably never noticed because every year on the review date Halifax decide to maintain your current limit.

    They used to print the review date on statements, however I still get a letter annually informing me that my current limit is due to expire, with the renewed limit being the same as before. :o
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
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