What are HSBC charges for going over your overdraft?

mrjibbles

Hi Everyone

I keep going over my overdraft with HSBC, hopefully not for much longer but I was wondering if anyone knows how the charges work?

For example, is it a charge per day or every time you go over your overdraft, then back into it again

I will go into the bank but thought it would be quicker to ask you guys

My aim for the next few months is to get out of my overdraft completely

Thanks very much

Rob

energycheckers

I am often amazed at how many people forget the basic rules with good budgeting, there is usually a considerable interest in finding a bank account or savings plan from a bank or similar in order to save them money. however one of the best ways to save money is not having to spend it in the first place. For example your energy bills are sometimes taken for granted cos like death & taxes they are inevitable. But many people forget that they can reduce their energy bills by insulating their homes this can save you up to £365 pa (source EST).

The cost for having your cavity wall insulated is only £99-00 with the energy advisers, energy checkers.The cost for a loft insulation is again only £99-00 if you are able to pay if you receive benefits it is 100% free.
The actual cost of the work is several hundred pounds but because it is subsidised you only pay £99-00 and that is only after the work is done.
the cost therefore for both is only £198-00. British Gas for example charge £274-00 for a loft and £250 for a cavity wall.:eek:

If your bank manager said that you could invest £198-00 and purchase something actually worth several hundred pounds, also that you would see a saving of £365-00 pa, and that you would also get this for life you would think this was incredible, So if your bank manager had brought this investment opportunity to your attention you would probably have to join a queue several miles long. You may think this was to good to be true but you probably think there was a catch. To date about six million people have probably thought the same (through various companies), have been insulated with so little fuss that few people realise the true value of this opportunity. (it is also an investing in your own property and increasing its saleable value).
Many people spend a good deal of time tracking the smallest changes in interest rates and saving and miss the chance to save huge amounts of expenditure on their fuel bills and you even get to save the planet, what could be a more ethical and worthwhile investment? Cheers Gerry :T

energycheckers

I am often amazed at how many people forget the basic rules with good budgeting, there is usually a considerable interest in finding a bank account or savings plan from a bank or similar in order to save them money. however one of the best ways to save money is not having to spend it in the first place. For example your energy bills are sometimes taken for granted cos like death & taxes they are inevitable. But many people forget that they can reduce their energy bills by insulating their homes this can save you up to £365 pa (source EST).

The cost for having your cavity wall insulated is only £99-00 with energy checkers the energy advisers. The cost for a loft insulation is again only £99-00 if you are able to pay if you receive benefits it is 100% free.
The actual cost of the work is several hundred pounds but because it is subsidised you only pay £99-00 and that is only after the work is done.
the cost therefore for both is only £198-00 with energy checkers. British Gas for example charge £274-00 for a loft and £250 for a cavity wall so £524 for both.:eek:

If your bank manager said that you could invest £198-00 and purchase something actually worth several hundred pounds, also that you would see a saving of £365-00 pa, and that you would also get this for life you would think this was incredible, So if your bank manager had brought this investment opportunity to your attention you would probably have to join a queue several miles long. You may think this was to good to be true but you probably think there was a catch. To date about six million people have probably thought the same (through various companies), have been insulated with so little fuss that few people realise the true value of this opportunity. (it is also an investing in your own property and increasing its saleable value).
Many people spend a good deal of time tracking the smallest changes in interest rates and saving and miss the chance to save huge amounts of expenditure on their fuel bills and you even get to save the planet, what could be a more ethical and worthwhile investment? Cheers Gerry :T

mrjibbles

Did i miss something?

I was asking about HSBC charges, not after the third degree

Admittedly i have messed up over the last few years and my credit card repayments are the reason I am going over my overdraft so looking to find out how often you get charged so i can get an idea so i can rebudget

Thanks

Rob

glider3560

The rates are on the HSBC site for you to digest:
http://www.hsbc.co.uk/1/2/interest-rates/current-accounts

I have a feeling that energycheckers may be wishing to sell us something/spam us with some offer soon.

Lokolo

£25 per transactions you make which leads you into unauthorised overdraft or further into it. Max of 1 charge a day and a max of £125/£150 a month (can't remember which).

And yes you have missed something, the paoster above is more than likely a spammer

glider3560

glider3560 wrote: »

I have a feeling that energycheckers may be wishing to sell us something/spam us with some offer soon.

Yes, I was correct:
http://energycheckers.co.uk/what-does-it-cost/

mrjibbles

Brilliant

Thanks everyone, apprecaite your replies

Rob