Natwest Overdraft

fa123

I have a student account with Natwest and have a Overdraft set up with them, does anyone know what the charges are if any if I decide to use the overdraft? And what sort of timescale would I be looking at to repay the overdraft?
Thanks

pcombo

There is no charges with a student account OD, When you graudate you still dont pay anything but that gives u a chance to pay it back before they do apply charges.

fa123

Thanks so much. Sorry to sound thick but If I was to use the Overdraft could I still pay it back a month or so after when I want?

chambta

fa123 wrote: »

Thanks so much. Sorry to sound thick but If I was to use the Overdraft could I still pay it back a month or so after when I want?

You could if you wanted. With a student overdraft you will pay no interest assuming you stay within the agreed limits and use it as your main account so as not to get the bank on your back for repayment if no credits are made into it.

Once graduated you will be offered either an interest free loan to repay or it will be reduced in stages from one year after graduation.

fa123

Thanks thats cleared it up for me :-)