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Going into unarranged overdraft briefly
hippocrates1
Posts: 354 Forumite
I recently went on holiday and spent on my Monzo card. At the end I transferred my money back to my current account. Unfortunately the exchange rate changed so I was charged more than I was expecting. So I went into my unarranged overdraft by around 30p. I transferred money back into my Monzo account within minutes. Will this affect my credit score?
DIP 09/02/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/21
0
Comments
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They're very unlikely to report it to the CRAs if you resolved it within the day.0
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hippocrates1 said:I recently went on holiday and spent on my Monzo card. At the end I transferred my money back to my current account. Unfortunately the exchange rate changed so I was charged more than I was expecting. So I went into my unarranged overdraft by around 30p. I transferred money back into my Monzo account within minutes. Will this affect my credit score?For the small amount of time I agree they are unlikely to report it.You could ask on the Monzo forums.Your credit score isn't seen by lenders, your history is whats important.
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