Gone into overdraft cause of -£0.25 *facepalm*

MrGingers

I currently have a step account with Ulster bank.
Well today i checked my balance and o crap negative moneys not good. So i am wondering if i upgrade my account to a current account will that negate the bank charge of £10?

Also to get a current account do i need to have a job at the moment i'm unemployed and on the dole :S so I'm going down at 9:30 to see if they will charge me i'm hoping not but is there anyway to avoid this if the current account idea falls through? thanks in advance guys.

mummy_jonno

Usually if it's under £10 overdrawn they won't charge you a fee. That stands with HSBC at least. Also a current account simply depends on your credit rating. You don't have to be working to have a current account. I have 2 and I am a housewife. The only things that go into my account are CSA, carers allowance, my sons DLA and child tax credits. Only the carers allowance is considered a wage because it's taxable and you probably get more in benefits than that.

Hope that helped.

pmduk

Certainly, Natwest and RBS don't charge if you're less than £5 overdrawn, I suspect that it'll be the same with Ulster, but best to double check.

MrGingers

Alright well i thought i would post back what happened, apparently if you are overdrawn while on a step account as long as you can bring the negative total back to 0 before 1:30 pm they won't charge you, which is helpful but hopefully i won't be in that position again. Thanks pmduk and mummy_jonno for repling to the thread