Santander overdraft

Stoneman_2

Ive had a Santander bank account for a few years and have recently moved to Barclays.

I received a letter from santander today stating that although I am within my overdraft limit, I have not made any regular payments and my arranged overdraft is dependant on me making regular payments.

I only moved away from them in February and It didn't state how much the payments need to be, so before I phone and ask, does anyone know if they would expect a couple of hundred or what I was paying before (£1000 +).

ses6jwg

Usually more than 1k pcm

Stoneman_2

I was hoping £500 and then it would be paid off in 6 months

I cant really afford to pay it off at the moment, and guess theres nothing stopping me from putting £1000 in from another account and taking it back out the following week and then transfer it back the following month.

Stoneman_2

I spoke to them today and they only require a payment every 35 days to keep the account from going dormant.

I did ask what amount they would require each month to satisfy the account requirements and was told "whatever amount I like".

However, my account is due to be reviewed in June, so they might take that opportunity to reduce my overdraft limit!

meer53

They probably won't reduce your overdraft in June, they'll remove it completely if you aren't using the account. Try to pay it off before then.