Alliance and Leicester Overdraft Matching

Drunken_Butterfly

Hello,

Hope this is in the right place.

I'm all set to open an Alliance and Leicester Premier Direct Current Account to take advantage of the 0% overdraft and cash back. However - I've been reading the small print on the website and it says that to consider matching your current overdraft you must of been in credit for 2 days that month. My account hasn't been in credit for a while sadly. Has anyone managed to get their overdraft matched without having been in credit that month (or the previous few)?

KTF

Not that I am aware of. If you cant meet the criteria then you get an interest free overdraft of around £300 or so.

Bokken_2

Alliance and Leciester in my view are woefully useless in this area and only offered a £300 overdraft and as a result I don't use their account.
Even though I provided evidence that my Barclays overdraft facility was several £1000's higher than their offer they still refused to match it.

masonic

Bokken wrote:

Even though I provided evidence that my Barclays overdraft facility was several £1000's higher than their offer they still refused to match it.

Did they give a reason?

Drunken_Butterfly

Thats a !!!!!!. Oh well, no interest free OD for me unless I can borrow a bit of cash from someone for a week or so.

morg_monster

When I applied for mine back in April, I suddenly realised that I hadn't been in credit at all for the last month - usually I would have been for a little while at least, but due to a few factors I wasn't. Oops I thought, so was about to transfer some money over from my savings, but before I got round to it they approved me quickly and gave me a £900 overdraft. I don't think I gave them my old current account details, so they can't have looked that way, and they never asked for any statements. I can't even remember if I told them the overdraft on the old account - if I did, it was £1000.

[Possibly relevant context - at the time I was earning £22500 in a job I had been in for about 6 months, I have a good credit history, never missed a payment but have had a few credit cards, mobile phones, etc and a £12000 student loan. At the time I was living at home where my address had been for 12 years, so there's a very good total household income courtesy of Dad, and everyone at the address has always had a fine credit history AFAIK]

So you may be lucky. You could apply, then see how it goes. You could pre-emptively put some money in the account to make it look good, if you have some available funds.

Bokken_2

masonic wrote:

Did they give a reason?

Their excuse was that I was a new customer and hadn't been with them for a year.
I pointed out that the matched overdraft was a part of my new account,it still cut no ice.
I just use their cc and don't bother with the bank account side at the moment.

KTF

If the account has a minimum finding clause then make sure you meet that or they will will penalise you.

masonic

Bokken wrote:

I pointed out that the matched overdraft was a part of my new account,it still cut no ice.

It's not part of the account, it's part of their 'Premier Switching Service', details here and conditions here.