Decreasing overdraft limit

emjgib

i want to decrease my overdraft limit by £100.00. Do lloyds credit check when they do this?

jonesMUFCforever

No you can decrease your overdraft at any time - but take care before doing so - an increase again may not be available when you most need it.

paulmcerlean

You will need to call phonebank as you can not decrease, only increase using online banking.

Rupert_Bear

If you feel you cannot trust yourself with an overdraft then cancel it all together.

Malory

Why do you want to decrease your overdraft limit?

Are you aware that if you spend more money than in your overdraft the bank will take the money out anyway and just charge you higher fees than if you had the overdraft?

Do you think that reducing or even cancelling the overdraft will cause you to spend less?

I don't know why you want to decrease your overdraft limit, but if you are trying to reduce debt you will have to change your spending habits.