Davetrials Posted February 21, 2006 Report Share Posted February 21, 2006 As the title says really, im 18 and i work, do i quailify? Quote Link to comment Share on other sites More sharing options...
plainlazy84 Posted February 21, 2006 Report Share Posted February 21, 2006 who do you bank with and what account do you have at the moment? Is it a kids (under 18) one or do you have a proper current account yet? I'm with Nationwide and got a flex account when i was 18, and you can request for an overdraft of up to £1000 with no hassle at all- no credit checks, just done on the spot. You should be able to get an overdraft of this size from most banks I would have thought. Quote Link to comment Share on other sites More sharing options...
Davetrials Posted February 21, 2006 Author Report Share Posted February 21, 2006 aaa reet im with halifax, ive got one of those crapy visa electron cards , how long do you have to pay over drafts off? Quote Link to comment Share on other sites More sharing options...
plainlazy84 Posted February 21, 2006 Report Share Posted February 21, 2006 Yeah you wont be able to get an overdraft with one of them, but you can easily get a current account if your 18. Just go into your branch, fill the forms out and you should be able to get one the same day (just have to wait for Visa card through post) then you can get an overdraft if you ask them. Not sure about Halifax, but I was using my overdraft and got up to about £900 (Im a student) on my Nationwide account for like 6 months and only got charged a small amount every month. Didnt get hassle asking to pay it off either. But obviously thats not a great idea if you can avoid it.Move to Nationwide. That Howard is a twat Quote Link to comment Share on other sites More sharing options...
Davetrials Posted February 21, 2006 Author Report Share Posted February 21, 2006 ill pop in to bank tmoz. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 21, 2006 Report Share Posted February 21, 2006 Yeah you wont be able to get an overdraft with one of them, but you can easily get a current account if your 18. Just go into your branch, fill the forms out and you should be able to get one the same day (just have to wait for Visa card through post) then you can get an overdraft if you ask them. Not sure about Halifax, but I was using my overdraft and got up to about £900 (Im a student) on my Nationwide account for like 6 months and only got charged a small amount every month. Didnt get hassle asking to pay it off either. But obviously thats not a great idea if you can avoid it.Move to Nationwide. That Howard is a twat This brotha knows where it's at. Im with nationwide too and only have an overdraft of £50 for when my phone bill comes in just incase i havn't got the money in their . Nationwide have really simple internet banking too which is a real advantage for me, i would definately recommend them. Just make wure you put an overdraft limit on the account otherwise when you do overdraw, you would get a penalty. Ie. You can be overdrawn without arranging an overdraft.... Quote Link to comment Share on other sites More sharing options...
Joe Papasnap Maher Posted February 21, 2006 Report Share Posted February 21, 2006 Ai...nationwide is where its at people I just got my new flex account card through the post this morning..and when i was in there the other day...straight away on the screen it said i could have £290 overdraft...which i was quite happy about.Few days previosly i also placed £3400 in a long term savings acocunt which goes on the ftse...so afetr 5 years or so, i could be f**ked - oh well i would never take the money out if its lower than what i put in.But yer, been with nationwide since i was born.......(then when i was like 15 - opened an account with natwest , who may i add are f**king useless) - Nationwide for the win Quote Link to comment Share on other sites More sharing options...
Tomm Posted February 21, 2006 Report Share Posted February 21, 2006 Not sure about Halifax, but I was using my overdraft and got up to about £900 (Im a student) on my Nationwide account for like 6 months and only got charged a small amount every month. Didnt get hassle asking to pay it off either. But obviously thats not a great idea if you can avoid it.I have a £1500 overdraft with my HSBC (student) account, and it's interest free (Until after I graduate). I think next year it goes up to £1750 too Quote Link to comment Share on other sites More sharing options...
Danny Posted February 21, 2006 Report Share Posted February 21, 2006 I have a £1500 overdraft with my HSBC (student) account, and it's interest free (Until after I graduate). I think next year it goes up to £1750 too Ditto i have £1500 with hsbc aswell. Thought im going to be dangerously near the limit by the time this term is over Quote Link to comment Share on other sites More sharing options...
br3n Posted February 21, 2006 Report Share Posted February 21, 2006 All the info you could ever need is on here:http://www.moneysavingexpert.com/Impartial advice - explains all the deals etc etc, Also best way to use student accounts (ie make money off your interest free overdraft) Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted February 21, 2006 Report Share Posted February 21, 2006 Ditto i have £1500 with hsbc aswell. Thought im going to be dangerously near the limit by the time this term is over Ditto I wouldn't recommend an overdraft to anyone, especially to non students as it becomes imposssible to pay off. If you go over your overdraft limit your hit with bank fees, bouncing direct debits, the fees from the bouncing direct debits, etc. Worse than a credit card in that respect. Quote Link to comment Share on other sites More sharing options...
Davetrials Posted February 21, 2006 Author Report Share Posted February 21, 2006 i dont plan on going over 500quid lol at all i wont allow it:P Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted February 21, 2006 Report Share Posted February 21, 2006 i dont plan on going over 500quid lol at all i wont allow it:PI didn't plan to go in to mine at all, currently i'm around £800-900 into it Quote Link to comment Share on other sites More sharing options...
Danny Posted February 21, 2006 Report Share Posted February 21, 2006 I havent been out of my overdraft for 2 years now Quote Link to comment Share on other sites More sharing options...
Tony Harrison Posted February 21, 2006 Report Share Posted February 21, 2006 Ha ha, it's just too easy isn't it! I'm waiting for the inevitable letter from NatWest saying they're going to downsize it... Quote Link to comment Share on other sites More sharing options...
Davetrials Posted February 21, 2006 Author Report Share Posted February 21, 2006 well ive been in to halfiax and signed my self up, im starting small, only allowed my self 300:P Quote Link to comment Share on other sites More sharing options...
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