Personal Overdrafts. Submit an application for an arranged overdraft

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Personal Overdrafts. Submit an application for an arranged overdraft

Reducing or increasing your arranged overdraft limitation

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

To achieve this, just check in to your online 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 select this new arranged overdraft limit you want.

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

You can benefit from an instant online decision and if approved your new limit will be ready to use immediately if you are applying to increase your arranged overdraft limit.

Overdraft you can do this in branch or over the phone if you would like to talk to someone about amending your arranged.

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 bank account should take credit. Log on to online Banking, find the ‘More actions’ switch in your current account, then 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 are able to do that through mobile phone Banking.

Just how to avoid arranged overdraft interest

There are lots of techniques to handle your hard earned money more effortlessly and prevent unneeded arranged overdraft interest.

Making use of any one of our banking services, like PhoneBank, online Banking and Cellphone Banking, makes it possible to keep a better attention in your bank stability.

Our mobile alerts solution provides a easy solution to remain on top of the funds without also needing to consider it.

Handling your hard earned money

Mobile phone Banking will allow you to manage your hard earned money away from home. It’s free for several our present account clients. We do not charge a fee for Cellphone Banking your phone that is mobile operator charge for many solutions.

As an element of our mobile alerts solution, whenever we have mobile quantity for you we’ll inform you when:

  • You’ve began with your arranged overdraft and tend to be being charged.
  • You’re nearing your arranged restriction.
  • You don’t have sufficient to pay a standing purchase.
  • You’ve reached your restriction.

Elegance period

We make re re payments from your account right after midnight in the very beginning of the date that is due. If for example the repayment date falls for a non-working time, then we’re going to try to gather your repayment the following working time.

In the event that you don’t have sufficient funds in your account at this time to create a repayment, we are going to take to the result in the repayment once again after 2.30pm the exact same time. This provides you the opportunity to place funds that are extra your bank account making sure that we are able to result in the re payment. The funds must be moved here open to make use of right away, so you may move funds from another individual account you’ve got with us via online mobile phone or Telephone Banking or pay in money within the counter in branch.

For Cheque and Direct Debit re payments, if you will find maybe maybe maybe not enough funds in your account at 2.30pm the re payment would be returned and you might need certainly to make alternate plans to really make the payment.

For Standing Order and Future Dated repayments we shall you will need to make the repayment in 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.

In cases where a re re re payment goes into any arranged overdraft, you have got before the end regarding the time to cover money in to your account in order to avoid daily arranged overdraft interest for the day.