Switching Banks - Overdraft

Seraphic8X

Hello all,

I'm cracking on with getting rid of my debts, paid my defaults off :beer: and thought it would be a good idea to switch banks from my bank to a provider who offers a year long free overdraft in order to help me pay it off. One problem though, I can't see how much I'd be offered if I was accepted. I wanted to just check if anyone had any similar situations to me and what they were offered?

I'm looking to transfer a £1000 current account overdraft to nationwide as they offer fee free for a year. I've got two defaults (one satisfied October, another in early March this year). Do you think there's no chance they'll offer me the £1000 overdraft?

Regards,

Seraphic8X

eskbanker

Although there's nothing to stop you trying, I'd say it's very unlikely that any bank would offer a new customer a £1,000 overdraft with defaults on your credit files, so you'll probably need to consider other options from https://www.moneysavingexpert.com/banking/cut-overdraft-costs/

18cc

Nationwide are pretty good - they even have branches!

If there is one near to you then make an appointment and pop along and discuss openly everything with them see what they say.