Current Accounts With Low / No Overdraft?

Avani

Hello

I currently have a First Direct bank account, which has my salery paid into it, and all my bills come out of it. It also has a £500 overdraft on it. I also have a Natwest 'cashcard' type account. This has no overdraft facility and when its at £0 you physically cannot use the card - which I like. So after my bills come out, I transfer the remainder of my salery to my NW card. But nearing the end of the month, when I am skint, I tend to start transfering money from my FD bills account onto my NW account and are typically £200 overdrawn every month.

I would really like to stick to one cash card, and transfer all salery / bills onto it, so I dont have access to an OD. I would love to just use my NW one, but what would be ideal is if I could get a cash card, with a £50 overdraft on it as a buffer for those annoying bills that come out every 28 days, which I always forget about... but I cannot find one which a) is that low or b) doesnt go into an unauthorised OD if you go past the -£50 but instead just 'stops working' like my current NW card.

Any ideas?

sscott5581

Avani wrote: »

Hello

I currently have a First Direct bank account, which has my salery paid into it, and all my bills come out of it. It also has a £500 overdraft on it. I also have a Natwest 'cashcard' type account. This has no overdraft facility and when its at £0 you physically cannot use the card - which I like. So after my bills come out, I transfer the remainder of my salery to my NW card. But nearing the end of the month, when I am skint, I tend to start transfering money from my FD bills account onto my NW account and are typically £200 overdrawn every month.

I would really like to stick to one cash card, and transfer all salery / bills onto it, so I dont have access to an OD. I would love to just use my NW one, but what would be ideal is if I could get a cash card, with a £50 overdraft on it as a buffer for those annoying bills that come out every 28 days, which I always forget about... but I cannot find one which a) is that low or b) doesnt go into an unauthorised OD if you go past the -£50 but instead just 'stops working' like my current NW card.

Any ideas?

Cashcards are mainly issued with basic accouts and as such overdrafts are not available.

I imagine your credit rating is quite good considering you have a first direct account - why not try and open a current account with Natwest to run along side your existing account - Natwest current accounts come with £100 interest free overdraft - Im sure if accepted you could reduce the overdraft to £50. However as this is a current account there is a risk of going overdrawn as payments may be accepted over and above arranged overdraft.

Good luck!

mrmajika

FD will reduce your overdraft limit to £0 upon your request.