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Over my over-draft

Well, it happened. I went over my overdraft. One which ive been living off for nearly 3 years. Time to kick my !!!! and start reducing it.


Question is, since it's an overdraft, can lloyds Tsb decide to cancel the overdraft facility?

Comments

  • pcombo
    pcombo Posts: 3,429 Forumite
    Banks can remove overdraft facilities at anytime.
  • pmduk
    pmduk Posts: 10,700 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I'd talk to them now, acknowledge you're in the wrong and agree a plan to get it under control. I assume it's the customers who take the ostrich attitude that worries banks most. Although, as pcombo said, banks can and do cancel overdrafts at any time.
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