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!

Arranged Overdraft Charges

I was wondering if someone could help me or give me some advice. I graduated from my undergraduate degree in September 2018 and my Santander student account switched to a graduate account and increased my interest-free overdraft to £2000 for two years. In September 2019 I started my postgraduate degree and I received an email in July 2020 that Santander would soon start to charge me interest. I rang for advice to tell them I was still a student and that I needed the interest-free overdraft. They told me that it wouldn’t be a problem and that they would be able to extend it as long as I took evidence into branch. I did this and they approved it. However, I have just checked my account to see they have charged me £40 interest pushing me closer to the limit. I am still in the process of completing my degree and I am unemployed. Can someone advise me on this please, I don’t know what to do.

Comments

  • Having checked your account, and seeing you have been charged interest that you think you shouldn't have been, did you not consider ringing Santander?
    I came into this world with nothing and I've got most of it left.
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
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.