"Exercise" an overdraft to have it extended?

usernameusername

My partner recently opened a student account and was granted only £500 interest-free overdraft as, despite having been with the bank for years, it has been a relatively dormant account and so they claim not to have a clear enough picture of her spending habits.

The advice given to her was not to apply for an extension for at least three months, as until that time it would likely be rejected.

So... during those thee months, what is the best approach to get the highest level of overdraft when she applies again? Should she stay in credit the whole time, occasionally dip in and repay within a few days, borrow more often, or even borrow larger amounts (obviously within the limit)?

Thanks!

grumbler

What he has to do in the first place is to demonstrate regular monthly funding.

pmduk

As it's a student account that's difficult unless the account-holder has a part time job.

jonesMUFCforever

usernameusername wrote: »

My partner recently opened a student account and was granted only £500 interest-free overdraft as, despite having been with the bank for years, it has been a relatively dormant account and so they claim not to have a clear enough picture of her spending habits.

The advice given to her was not to apply for an extension for at least three months, as until that time it would likely be rejected.

So... during those thee months, what is the best approach to get the highest level of overdraft when she applies again? Should she stay in credit the whole time, occasionally dip in and repay within a few days, borrow more often, or even borrow larger amounts (obviously within the limit)?

Thanks!

How recent did she apply for the student account?
How can ' a relatively dormant account' show a 'clear' picture of her spending habits?
Most student accounts are opened June - September - does she have an account at any other bank?
Their website suggests an overdraft of £1400 in year 1 - is she in first year of study? If she is it suggests that a credit search showed other credit outstanding.

You cannot make them increase the overdraft - if her credit files are squeaky clean then perhaps applying with another bank is the answer.