Santander overdraft question...

djdelmar

Yes.
So if I were to buy something for £300 now, I would be charged only £30 for today and £5 for each day after?
: Is the amount unlimited??

[Deleted User]

Hi,

according to the link,

[FONT=designtimesp=4403]£5 each day (capped at 20 days each monthly statement period).[/FONT]

djdelmar

I meant how much can i go overdrawn?

[Deleted User]

Hi,

you will need to contact your bank.

IrishGypsy

djdelmar wrote: »

I meant how much can i go overdrawn?

If you don't have an existing overdraft then you can't go overdrawn without either paying by Direct Debit or Standing Order, and even then there's no guarantee it'd be paid (but you'd still be charged £25 for the privilage).

Pop into a branch and ask them to check your 'Behavioural Score' on the system. This will tell them how much of an Authorised Overdraft you're allowed (if any).

I wouldn't even think about using the unauthorised overdraft, £5 per day for 20 days (max £100 in a statement month NOT calender month - that could be more), PLUS £25 per transaction. Compared to 50p a day for 15 days with an authorsied overdraft.