Overdraft on current account

angelsam666

Hi, I've had an overdraft on my student account but the interest free period is coming to an end soon and I'm going to be charged 17.5% on £500 of it a month . Is there any way I can move the money in my overdraft to a different account so that I am paying less?

Any suggestions would be gratefully received! :j

Lokolo

A&L give an interest free overdraft of £250 I think. But that would only cut interest down by 50%.

Other than that, nope!

zppp

angelsam666 wrote: »

Hi, I've had an overdraft on my student account but the interest free period is coming to an end soon and I'm going to be charged 17.5% on £500 of it a month . Is there any way I can move the money in my overdraft to a different account so that I am paying less?

Any suggestions would be gratefully received! :j

The APR of 17.5% per month as you quoted is per year. So if you use an overdraft to the maximum of £500, you would look at paying about £3.25 per month for using it.