Natwest overdraft charges

xxmissyxxjoaxx

I just got a overdraft of £200 but i'm confused about the charges?? I know i go over the overdraft limit i get charged quite alot but what about the charges that i have when i just borrow within the limit?
any help would be great!

Sharon87

It's 19.9%, so if you use the whole £200 for all of the month you'll get charged about £3.32 each month, it gets taken at the end of the month or the beginning of next month.

xxmissyxxjoaxx

wow i thought it would be more than that! thank you

jen245

The first £100 is interest free, so you'll only pay interest on the other £100

xxmissyxxjoaxx

wow really? that's great

willo65

jen245 wrote: »

The first £100 is interest free, so you'll only pay interest on the other £100

Worth noting for accounts opened from 4th July The first £100 is interest free if you are within £100, if you go over ie £101 then you will pay interest on the full amount.

http://www.natwest.com/personal/current-accounts/g6/rates-charges/current-charges.ashx

Twister84

willo65 wrote: »

Worth noting for accounts opened from 4th July The first £100 is interest free if you are within £100, if you go over ie £101 then you will pay interest on the full amount.

This has always been the case for all accounts apart from graduate accounts with Graduate Overdrafts.