santander overdraft

sparkyxxx

hi guys if you use you arranged overdraft limit, but pay it back by 8.15 every night, do u still get charged?

thanks in advance.

davethorp

4pm is the cut off period to avoid unauthorised overdraft charges. Not sure if the same is true of authorised overdraft charges but there is a good chance it is

bengal-stripe

You have to balance your account before 'close of business', which is sometime between 3:30 and 4:30h (enquire about the exact time).

If your account is still overdrawn after that time, you will be charged.

Anthorn

Close of business might well be between 3:30PM and 4:30PM but Santander update after midnight the following day so any credits won't get into the account the same day except for Faster Payments from another bank.