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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Best place to move overdraft to.

Currently with Natwest and have £7K overdraft. This drops each month by £100 as per agreement with them but also get stung for approx £100 on overdraft charges per month.

Seen the First Direct offer but unsure if this is the best option to switch over to. If their APR is 15%ish after a year am I better off staying with Natwest?

Comments

  • takman
    takman Posts: 3,876 Forumite
    1,000 Posts Combo Breaker
    Well the best place to move it to would be a money transfer credit card with 0% interest and a low fee.

    But if you have an arrangement to pay with the bank you may struggle to get one. Go onto the MSE credit club (if your not already) and see if you have a good chance of getting one.
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
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K 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.