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Alliance and Leicester overdrafts
catwoman150
Posts: 974 Forumite
After a lot of thinking this time last year I decided to take Martin's advice and switch to Alliance and Leicester. The switch process went fine and they gave me a £250 overdraft limit. I wanted an overdraft but I did not want a large overdraft. Anyway I have been with them for about a year now and I have just noticed that they are going to apply charges to my account on the 28th of March for £5.00 for the overdraft usage fee of 50 pence per day.
Is this correct? Will I get charged interest for this as well on top of this £5.00 charge. I think that it might be more expensive for me instead of just getting charged interest from other banks.
Is this correct? Will I get charged interest for this as well on top of this £5.00 charge. I think that it might be more expensive for me instead of just getting charged interest from other banks.
cross stitch cafe #90 UFO's 6 to finish in 2013, and loads of new kits to boot
Refunded bank overdraft charges £915 :j
Refunded bank overdraft charges £915 :j
SPC 2007-2008 #078 aim £500-£341.67
SPC 2011-2012 #078 aim £500-£426.42
SPC 2012-2013 #078aim £500 - TBC
SPC 2011-2012 #078 aim £500-£426.42
SPC 2012-2013 #078aim £500 - TBC
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Comments
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No, as long as you stay within the aggreed overdraft ammount, the most you will pay is £5.Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0
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Thanks for that I thought that I might have to pay interest as well on top of the £5.00cross stitch cafe #90 UFO's 6 to finish in 2013, and loads of new kits to boot
Refunded bank overdraft charges £915 :jSPC 2007-2008 #078 aim £500-£341.67
SPC 2011-2012 #078 aim £500-£426.42
SPC 2012-2013 #078aim £500 - TBC
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