previous student and new student account??

smkelb

my situation is that i started uni in 2001 had a student account with natwest,stopped my course early in 2003 instead of finishing in 2004.
I had a £1400 overdraft facility which is still in play,i have used it all,but was expecting that it would be cut back by £400 this year,another £500 next and £500 the following.This is i think the normal process.
So i put in the £400 for this years cull which was suppposed to be at the beginning of july,but as yet nothing has happened,they haven't taken it so wonder whats happening there.
Also my second question is as im going back to start a new course this sept will i be declined an account and overdraft by hbos because of my open natwest one even if i intend to pay my student loan into the new account?
what will natwest do?will they be able to find out?are there any repercussions for me?

Well and truly confused here!!!
any advice greatly appreciated.

Savvy_Sue

Don't know the answers, but the common sense questions appear to be "Did you tell NatWest you had stopped being a student early?" and "Is your NatWest account still a 'student' account?"

NatWest are entitled to withdraw the overdraft if they think you still have a 'student' account with them and you open another. I believe they could either ask you to repay it all immediately, or start charging you an (un)healthy rate of interest on it. I do not know what they would do if it is NOT a student account - asking them could be a good plan.

I don't remember from Martin's article what HBOS T&C said about having more than one student account, but I don't see why you can't have a student account with one bank and a non-student account somewhere else. However the T&C will have it in black and white.