Best interest free overdraft for matched betting

Kua

Hi,

As titles says, where could I get the best inetrest free overdraft. I was surprised to find I could open a second account with First Direct and therefore easily get £250 more interest free overdraft. Can I keep opening accounts with First Direct? Presumably they would eventually refuse, but until they do is there any harm in this?

Archi_Bald

It seems somewhat insane to use overdrafts for matched betting. Yes, I know it isn't gambling if done correctly but disaster could still strike and you could find yourself with unexpected debts that you might not be able to repay as you have exhausted your credit limit.

Also, I presume you are aware that overdrafts are repayable in full on demand.

Kua

Archi_Bald wrote: »

It seems somewhat insane to use overdrafts for matched betting. Yes, I know it isn't gambling if done correctly but disaster could still strike and you could find yourself with unexpected debts that you might not be able to repay as you have exhausted your credit limit.

Also, I presume you are aware that overdrafts are repayable in full on demand.

Hi Archi, Understood. Does that ever happen? Actually hadn't meant to leave the note about matched betting in the title but forgot to remove it but now you know my dastardly plan!

You are right, not a great idea, my question still stands though

jonesMUFCforever

If you opened an account with any financial institution and the only entries was betting transactions they could close the account down if they felt you were not the type of customer they wanted.

grumbler

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1. ever risk money that you cannot afford to lose

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Kua

OK, you can lock this now