UK bank with no overdraft scam?
Comments
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Highland76 wrote: »Don't you trust yourself? :rotfl:
I see you got properly brianwashed to accept shark loans forcefully and without consentquite rly:money:0 -
In answer to your question you could try Starling bank. You have an 'overdraft slider' that you can set between zero and the max you are allowed, so set yours to zero.
This is from their website:
"at Starling, we pre-approve you for an overdraft when you open an account, after completing certain checks. If you accept it, you can then control your limit by scrolling it to a level that suits you and helps you stay in budget. But we also make a point of helping you stay within your chosen limit, away from unauthorised overdrafts. Simply: we don’t authorise payments that take you over your limit. You set your limit and we respect that. However, if mistakes happen and you do dip into the red, you’re not going to be hit with a penalty. We also won’t charge you for any payments that don’t go through. It doesn’t cost us, so why would it cost you?"0 -
OP wants to do exactly that - bounce any transactions if there is insufficient balance.
Arranged overdraft is OK, un-arranged overdraft is a bit scammy, especially for people coming from other countries where there is no such facility active automatically and they expect that when you run out of cash and someone tries to withdraw money the transaction will just bounce.
Utility companies are not going to cut your supply because your bill was paid 3 days late, on the other hand banks will saddle you with massive charges for going into un-arranged overdraft for 3 days.
Yes but if the OP has a bill to pay and insufficient funds to pay it, the payment will get bounced. 'no overdraft' but they will still have to pay the fees for the bounced payment so its a win-lose situation. Best way to run your current account is never to get close to zero funds, then you never fall foul of the 'scammy' overdraft fees....0 -
In answer to your question you could try Starling bank. You have an 'overdraft slider' that you can set between zero and the max you are allowed, so set yours to zero.
This is from their website:
"at Starling, we pre-approve you for an overdraft when you open an account, after completing certain checks. If you accept it, you can then control your limit by scrolling it to a level that suits you and helps you stay in budget. But we also make a point of helping you stay within your chosen limit, away from unauthorised overdrafts. Simply: we don’t authorise payments that take you over your limit. You set your limit and we respect that. However, if mistakes happen and you do dip into the red, you’re not going to be hit with a penalty. We also won’t charge you for any payments that don’t go through. It doesn’t cost us, so why would it cost you?"
Thank you
This is what I have been looking for over 10 years in uk
Finally there is one decent UK bankquite rly:money:0 -
As per my post above, Starling just bounce the payments and don't charge a fee for doing so.0
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BrownTrout wrote: »Why do people talk like this?
Not native I’m guessing but still wanting everything native handed on a plate.0 -
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Really? If I want a loan I ll use my credit card
Current account should never be below 0 quid in civilized countries eg euquite rly:money:0
This discussion has been closed.
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