Is it easy to get the full 3k Overdraft at HSBC? or Halifax?

iAMaLONDONER

DunPin wrote: »

I highly doubt you will get the full £3,000 I say this as I only ever got £750 and they never increased it, even now with my other HSBC account they never gave me an O/D although it doesn't apply now as I don't need it.

Credit card wise you only get £500 maximum with HSBC, completely useless, I actually applied for Barclaycard and got 4x the limit with them :rotfl:

Overall I wouldn't recommend HSBC for student accounts, student account wise their service isn't the best, have a current account with good standing and you get better service but you're treated badly as a student customer... well I was anyway.

Did they monitor how you used the OD?

I saw someone say they got a letter reminding them it was just for emergencies

I get 1.25k from Lloyds! So 500 would be a big % drop

I just opened a current account with them to get their regular saver!

212

iAMaLONDONER wrote: »

That's interesting as I now longer use my debit card (unless I go to Lidl or Aldi!)

I can easily move money to meet funding requirements but I wouldn't want to break any T&C's!

I see, I'll apply for a Nationwide CC when my credit rating recovers from my high number of applications!

So you opened it during a recession only a short time after opening a current account !

I had a history of managing credit cards & my overdraft, plus a mobile contract, but yep pretty much.

Was amazed I got such a limit at first, I expected £500 or so. Then to keep getting it upped has been crazy. I've only upped it to 4,500 (you can click through in online banking and see the pre-approved limit) to make my debt to limits ratio look better!! Will (eventually) put it back down to £2k or so.

DunPin

iAMaLONDONER wrote: »

Did they monitor how you used the OD?

I saw someone say they got a letter reminding them it was just for emergencies

I get 1.25k from Lloyds! So 500 would be a big % drop

I just opened a current account with them to get their regular saver!

I don't know, they must have as I always went over it (my parents always put more money in to bring it back into balance the next day, they must have spent a fortune for my lifestyle :rotfl:).

I never got a letter from them telling me it was for emergencies, I got a letter saying to be careful of how I spend my money as I keep going over the limit when I use my DC but never one about it being for emergencies.

iAMaLONDONER

212 wrote: »

I had a history of managing credit cards & my overdraft, plus a mobile contract, but yep pretty much.

Was amazed I got such a limit at first, I expected £500 or so. Then to keep getting it upped has been crazy. I've only upped it to 4,500 (you can click through in online banking and see the pre-approved limit) to make my debt to limits ratio look better!! Will (eventually) put it back down to £2k or so.

Wow- well I'll look after my NW flex and hope they give me a CC lol! :beer:

So they do a credit check or an internal check for a pre-approved limit?

212

Internal. They warn about an external credit search, but I haven't had one. You tick the box agreeing to a credit check then press next and it shows you what you're allowed.

They may/may not run a check when you put the amount you want and press confirm - but they didn't for me, and the limit was increased instantly.

Once you have increased or lowered your limit you have an 'account review period' which is 4 months - if you try and increase again it'll say no, but after the 4 months it shows your new limit. I'm not sure if mine will just keep going up every 4 months, or if there is actually some kind of cap relative to my earnings. There certainly doesn't seem to be so far!

iAMaLONDONER

212 wrote: »

Internal. They warn about an external credit search, but I haven't had one. You tick the box agreeing to a credit check then press next and it shows you what you're allowed.

They may/may not run a check when you put the amount you want and press confirm - but they didn't for me, and the limit was increased instantly.

Once you have increased or lowered your limit you have an 'account review period' which is 4 months - if you try and increase again it'll say no, but after the 4 months it shows your new limit. I'm not sure if mine will just keep going up every 4 months, or if there is actually some kind of cap relative to my earnings. There certainly doesn't seem to be so far!

I see, I'll make an update by Jan 2014 when I might apply for one!