We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Overdraft charges?

Hello to you all. If i have an agreed O/D limit.....is it wrong for the bank to charge me every month on the interest? i.e O/D limit is £9000.00 Balance say £7000.00 pound monthly charges £77.00. Thanks, Dave.

Comments

  • LozBingley
    LozBingley Posts: 580 Forumite
    Dave.S wrote: »
    Hello to you all. If i have an agreed O/D limit.....is it wrong for the bank to charge me every month on the interest? i.e O/D limit is £9000.00 Balance say £7000.00 pound monthly charges £77.00. Thanks, Dave.

    If it is a service fee then the only way to get it reduced is by negotiation.

    The only fees you can claim are charged on a penalty basis.
    ie Unautherised Overdraft Fee
    Got It & Spent It :dance:
    IKEA CARD = £120 charges = £175 received (146%)
    MARBLES = £450 charges = £370 received (82%)
    I.F. = £494 charges = £494 received (100%)
    CAPITAL ONE = £981 charges = £1,489.03 (152%)
    BARCLAYCARD = £580 charges = £786.12 (136%)
    On Hold :mad:
    A+L = £722 charges (target = 147%)
    BARCLAYS = £1,405 charges (target = 128%)
    BARCLAYS = £175 charges (target = 140%)
    ABBEY = £3,220 charges (target = 148%)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.