Personal Overdrafts. Make an application for an arranged overdraft

Personal Overdrafts. Make an application for an arranged overdraft

Increasing or reducing your arranged overdraft limitation

You may either reduce or use to boost your arranged overdraft limitation whenever you want via your internet banking or banking that is mobile in just a couple of easy steps.

To achieve this, just indication in to your Web Banking or Cellphone Banking application and choose actions that are‘More on the lender account which you have actually the arranged overdraft arranged on. Then select ‘Overdrafts’ and follow the on-screen directions to pick this new arranged overdraft limit you desire.

From mobile, choose ‘Overdrafts’ from your own banking account menu, or click on the ‘Your Overdraft choices’ link.

If you’re signing up to raise your arranged overdraft limitation it is possible to take advantage of an instant online choice if authorized your brand-new restriction are quite ready to utilize straight away.

If you’d like to keep in touch with somebody about amending your arranged overdraft this can be done in branch or higher the device.

Cancelling your arranged overdraft

There’s no have to reduce or cancel your overdraft in the event that you do need it and you only ever pay for the amount of the overdraft that you use if you aren’t actively using it, it’s there as a safety net.

You can do this straightaway if your account is in credit if you do need to cancel your arranged overdraft. We might not be able to offer you the same arranged overdraft limit again in the future if you cancel your overdraft.

To cancel, your account has to take credit. Get on Web Banking, choose the ‘More actions’ key on the account that is current select the ‘Manage overdraft’ button (based in the ‘Overdraft’ dropdown menu). Set your arranged overdraft limitation to zero and choose the ‘Cancel overdraft’ button. You’ll be able to repeat this through mobile phone Banking.

Simple tips to avoid arranged overdraft interest

There are numerous techniques to handle your cash more effortlessly and give a wide berth to unneeded arranged overdraft interest.

Utilizing some of our banking services, like PhoneBank, Web Banking and mobile phone Banking, makes it possible to keep a better attention in your bank balance.

Our mobile alerts solution provides a way that is simple stay on top of one’s funds without also needing to consider it.

Handling your cash

Mobile phone Banking will allow you to handle your hard earned money on the run. It’s free for many our present account clients. We do not charge a fee for Cellphone Banking however your cellular phone operator may charge for a few solutions.

Included in our mobile alerts solution, whenever we have mobile quantity for your needs we’ll inform you whenever:

  • You’ve started utilizing your arranged overdraft and are usually being charged.
  • You’re nearing your arranged restriction.
  • You don’t have sufficient to pay a standing order.
  • You’ve reached your limitation.

Elegance period

We make re re re payments from your own account right after midnight in the beginning of the deadline. Then we will try and collect your payment the next working time when your repayment date falls for a non-working time.

We will try the make the payment again after 2.30pm the same day if you don’t have enough funds in your account at this point to make a payment. This provides you the opportunity to place funds that are extra your account to make certain that we could result in the re re payment. The funds have to be accessible to make use of right away, via Internet Mobile or Telephone Banking or pay in cash over the counter in branch so you could transfer money from another personal account you have with us.

For Cheque and Direct Debit re payments, if you will find maybe maybe maybe not funds that are enough your account at 2.30pm the payment will likely to be came back and you’ll intend to make alternate plans to help make the payment.

For Standing Order and Future Dated repayments we shall make an effort to result in the repayment regarding the next day time the repayment had been initially due. The payment will be returned and you may need to make alternative arrangements to make the payment if there are not enough funds in your account at this point.

If your re payment goes into any arranged overdraft, you have got before the end for the to pay money into your account to avoid daily arranged overdraft interest for that time day.

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