Coventry Current Acc £250 Interest Free Overdraft

cerstin

Hi everyone!!
Finally reclaimed my money back from NatWest (Yeah!) :j and now want a new Current Account as quickly as possible! I had a look at Martins suggestions, Alliance and Leicester looks great with 0% interest in the first 12 months, but what about Coventry First? It offers a buffer zone of £250 always! And its rates look pretty good altogether. I'm no good with figures, so has anyone else taken a look at them or is using them?
Any advice??? I do often go over, I'm afraid:o , but I do not want to pay Nat West's horrendous charges anymore :mad:
Cerstin

Bernard_Coleslaw

It's a pretty good account with a full visa debit card, (none of these electron ones) and the interest rate counts for the full amount you have in there, not just the first £1000 or £2500.

No chequebook, though, so make sure you can live without one.

cerstin

Thanks Bernard, even though I have no idea what the difference is between a full visa devit one and an electron one? But THANKS for taking the time :0) to answer!

thesaint

Why are you changing accounts?
Coventry will charge you if you don't use the account properly as well.

johnmoney05

AND they ONLY offer £250 overdraft limit.

Bernard_Coleslaw

thesaint wrote:

Why are you changing accounts?
Coventry will charge you if you don't use the account properly as well.

Exactly what charges are these, then?

There's been periods when I haven't used mine, with absolutely no charge whatsoever.

thesaint

Bernard_Coleslaw wrote:

Exactly what charges are these, then?

There's been periods when I haven't used mine, with absolutely no charge whatsoever.

All current accounts charge for improper use.

The Coventry's are listed here http://www.coventrybuildingsociety.co.uk/coventryfirst/importantinfo.aspx#charges
I am not referring to a monthly fee for a premium account

Bernard_Coleslaw

I see what you mean now. Your earlier comment could have been read to mean there were charges if you didn't use the account. I think the OP wanted to use the £250 int-free o/d as a buffer to prevent these sorts of things happening.