santander- £1 a day for an ARRANGED overdraft?

split_second

hi all, noticed something on my statement and thought it was a bit odd

i've been with santander for a good few years now, up until recently the overdraft fees were a small percentage, and not that noticeable if needed.

looking over my last statement its now a pound a day for the overdraft if i use it, irrespective of amount, i dont use my overdraft but would like to maximise my saving and am thinking if i need an emergency £10 (i have a santander isa so withdrawls are only possible from their own machines) i could end up being charged as much as i was overdrawn

are these rates the norm these days or are santander on their own on this?

molerat

I think most are heading in that direction but .......

No fees for small overdraft balances*
We have introduced a new account feature. For
those occasions where you use an Arranged or
Unarranged Overdraft of £12 or less we will:
1. Ensure you do not incur any Daily Arranged
Overdraft Fees if you are £12 or less Arranged
Overdrawn.
2. Ensure you do not incur any Daily Unarranged
Overdraft Fees or Paid Item Fees if you are £12
or less Unarranged Overdrawn.
* Please note: Unpaid Item Fees may still apply.