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Santander overdraft- they say not as costly
Geranium44
Posts: 98
Forumite
in Loans
Hi I’m with Santander and have an agreed overdraft and when I enquired recently what the monthly overdraft charge would be for a nominal £1000 over one month, the bank said it’s 39% but that’s annual charge so divide by 12.
Anyone able to share what £1000 per month on the 123 lite account would charge? Many thanks
0
Comments
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Around £32 - £33 - £34 per month depending on number of days, the 123 Lite interest rate is actually 39.94%.
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1 -
Thanks for the insight.0
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