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santander overdraft

sparkyxxx
Posts: 11 Forumite
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.
thanks in advance.
0
Comments
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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 is0
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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.0 -
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.0
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