RBS overdraft

moodygirl86

Hi, anybody have experience with RBS? I would contact them directly but it's Sunday...

I needed to take out an overdraft (£600.00) with them due to a cashflow crisis. I haven't used it yet but will need to this week for rent. I still have £100.00 of my own in the account and the rent is £540.00 (paid by standing order) so it will not take the whole overdraft.

What I need to know is, when I get my weekly wage this Friday, will this get swallowed up by the negative balance? Or will it show before that as having a zero balance of my own and the £60 left of the overdraft; and when my wage is paid in, this will add to my own money again?

Sorry if this question doesn't make sense. I'd appreciate any advice, but if anyone can't answer, I'll just ask my bank tomorrow! Thanks in advance.

ETA: By the way, this is a Select account and they will charge me £6 a month each time it's used.

eskbanker

moodygirl86 wrote: »

What I need to know is, when I get my weekly wage this Friday, will this get swallowed up by the negative balance? Or will it show before that as having a zero balance of my own and the £60 left of the overdraft; and when my wage is paid in, this will add to my own money again?

Not sure I fully understand the question but there won't be any differentiation between 'your' money and 'theirs', just a single balance figure - if this is -£440 after the rent is paid (£100-£540) then it'll show as a figure equal to your wages minus £440 once you've been paid, assuming no other transactions.

Dobbibill

The overdraft will make a difference to your available balance.

EG - overdraft of £600, credit of £100 = available balance £700 (actual balance £100/available balance £700)

if you were to use £500 this would show actual balance -£400/available balance £200 - if you credit the account with £200 wages etc your balance would change to actual balance -£200/available balance £400

HTH

moodygirl86

Thanks guys. I'm going to get it removed as a mate has said they will help me.