Personal Overdrafts. Submit an application for an arranged overdraft

Personal Overdrafts. Submit an application for an arranged overdraft

Increasing or reducing your arranged overdraft limitation

You may either reduce or apply to boost your arranged overdraft limitation at any moment via your internet banking or banking that is mobile in just a couple of basic steps.

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

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

If you should be signing up to raise your arranged overdraft limitation you can easily reap the benefits of an instant online decision if approved the new limitation decide to utilize instantly.

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. In the event that you cancel your overdraft, we possibly may never be in a position to offer exactly the same arranged overdraft limit once again in the foreseeable future.

To cancel, your bank account has to take credit. Log on to online Banking, find the ‘More actions’ key on your own account that is current select ‘Manage overdraft’ button (based in the ‘Overdraft’ dropdown menu). Set your arranged overdraft limitation to zero and choose the ‘Cancel overdraft’ button. You could do that through mobile phone Banking.

Just how to avoid arranged overdraft interest

There are lots of methods to handle your cash more effortlessly and prevent unneeded arranged overdraft interest.

Making use of any one of our banking solutions, like PhoneBank, Web Banking and Cellphone Banking, will allow you to keep a better attention on the bank stability.

Our mobile alerts solution offers a way that is simple remain on top of one’s funds without also needing to contemplate it.

Handling your hard earned money

Cellphone Banking will allow you to handle your cash on the run. It’s free for several our current account clients. We do not charge a fee for Cellphone Banking however your cellular phone operator may charge for many solutions.

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

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

Elegance period

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

In the event that you don’t have sufficient funds in your account at this time to create a payment, we shall 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 account in order that we are able to result in the payment. The funds should 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 payments, if you will find perhaps not enough funds in your account at 2.30pm the re payment are going to be returned and you’ll have to make alternate plans to help make the re payment.

The payment was originally due for Standing Order and Future Dated Payments we will try to make the payment on the next working day. 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 payment goes into any arranged overdraft, you have got before the end regarding the to pay money into your account to avoid daily arranged overdraft interest for that time day.

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