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Old 1st Jul 2009, 21:52   #31
Mr Jones
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Quote:
Originally Posted by Mr-White View Post
Go to HSBC my student account had 1500 overdraft and 1000 credit card from when I opened it at 18. Credit card increased to 7k before i remembered i had to pay it back O_o

MW
When was that? Because apparently it doesn't apply to me!


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Old 1st Jul 2009, 21:59   #32
RavenLunatic
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Banks are under no obligation to provide anyone with an overdraft. People should also bare in mind banks can cancel the facility at any time and demand repayment in full with just 30 days notice! Overdraft limit does not equal free money.
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Old 1st Jul 2009, 22:11   #33
NerveAgent
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Student over drafts very often equal free money!! I have a 2000 Natwest graduate overdraft and a 1750 HSBC graduate overdraft. HSBC wrote to me the other day to congratulate me on my graduation and welcome to my graduate account. Despite graduating 2 years ago....and writing to close the account around the same time.
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Old 1st Jul 2009, 22:36   #34
richyb_safc
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I tried to increase my student overdraft with barclays a few years ago and they wouldn't at first, my mistake was telling them it was for a PS3. I wouldn't have had it not been for me increasing it the year before for a tele in the branch, I told the woman and she laughed and put it down as general spending, so I did the same again and it didnt work.

I actually had the money (-ve money) available to buy the PS3 but didn't want to have zero money available, for obvious reasons. The woman on the phone told me if it was for books etc. she could do it, but not for a PS3.

so...I went and bought the PS3 and rang back.

the new woman wouldn't either, she said "the problem is, it's now on your account that you wanted the money for a computer system and now you're telling me different", so I said, "I've actually just bought the PS3 and now I have no money left for books", she increased it and all was well!

Try going into the branch, from my experience they're a lot friendlier than over the phone! Also, try not to mention than it's for a car or whatever, just say that you're planning finances for next year and you know you're gunna need it for books/accom. etc. They should let you if you give them any sort of reason!
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Old 1st Jul 2009, 23:00   #35
elitetrick
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Do it online.

I keep my overdraft at max and have money in savings account that i transfer as and when necessary. So when i went into HSBC and asked for my 1000 limit to increase to 1500 as i was going into 3rd year and its allowed, she said no.
I went home, applied to increase to 1500 online and bam, within seconds its done. What a wasted walk to the branch!
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Old 1st Jul 2009, 23:02   #36
Strife212
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I got given a 750 credit card last time I went into the bank and I have no income whatsoever :/

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Old 1st Jul 2009, 23:06   #37
Jono8
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Quote:
Originally Posted by richyb_safc View Post
I tried to increase my student overdraft with barclays a few years ago and they wouldn't at first, my mistake was telling them it was for a PS3. I wouldn't have had it not been for me increasing it the year before for a tele in the branch, I told the woman and she laughed and put it down as general spending, so I did the same again and it didnt work.

I actually had the money (-ve money) available to buy the PS3 but didn't want to have zero money available, for obvious reasons. The woman on the phone told me if it was for books etc. she could do it, but not for a PS3.

so...I went and bought the PS3 and rang back.

the new woman wouldn't either, she said "the problem is, it's now on your account that you wanted the money for a computer system and now you're telling me different", so I said, "I've actually just bought the PS3 and now I have no money left for books", she increased it and all was well!

Try going into the branch, from my experience they're a lot friendlier than over the phone! Also, try not to mention than it's for a car or whatever, just say that you're planning finances for next year and you know you're gunna need it for books/accom. etc. They should let you if you give them any sort of reason!
lol, wut?

you can't be serious
Last edited by Jono8; 1st Jul 2009 at 23:20.
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Old 1st Jul 2009, 23:12   #38
richyb_safc
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Originally Posted by Jono8 View Post
lol, wut?

you can't be experience
lol, you think
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Old 1st Jul 2009, 23:14   #39
lemonkettaz
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I struggled to get 1000 from barclays....

How long can you have it before they want it back from you?
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Old 1st Jul 2009, 23:29   #40
GarethDW
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How scandalous of them to not just give you an increased overdraft - surely they must know that it's your right to have one..?

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Old 1st Jul 2009, 23:32   #41
richyb_safc
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Quote:
Originally Posted by GarethDW View Post
How scandalous of them to not just give you an increased overdraft - surely they must know that it's your right to have one..?
it clearly isn't, i assume you're being sarcastic...
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Old 2nd Jul 2009, 07:14   #42
Big Chris
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Originally Posted by iNPUt View Post
I know people with 2 student overdrafts, its pretty cheeky but doable.
Yeah I was one of them, DO NOT follow my example. Took me a lot of hard work and a fair amount of time to pay them both back post-Uni.

If you don't have the money to go on holiday then don't go on holiday. If you get your OD extension you'll just use the lot, won't have any available for the rest of your time at Uni and will have pay it all back (with interest) when you leave Uni and are working.

Something...
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Old 2nd Jul 2009, 07:23   #43
Bear
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Quote:
Originally Posted by lemonkettaz View Post
I struggled to get 1000 from barclays....

How long can you have it before they want it back from you?
They dont really specify that you have to pay it off by any given time. They would prefer if you reduced it year on year but I didnt for the first couple of years after graduation and they didnt say anything. I finally cleared my overdraft about 5 years after graduation and not once did they send a letter to ask me to pay it back any sooner.
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Old 2nd Jul 2009, 07:42   #44
meghatronic
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Quote:
Originally Posted by iNPUt View Post
I know people with 2 student overdrafts, its pretty cheeky but doable.
Also know someone that is stuck with 500, hes maxed it and doesnt have enough money, you could always stop your student account paying off the over draft and they getting
it elsewhere.
I've got a few... it doesn't seem to be cheeky. I'm not overdrawn with any bank - but I have the option.

Quote:
Originally Posted by Sime View Post
I thought if you wanted to increase your student overdraft limit you could just ring up and do it?

I rang up and asked them to put it from 500 to 1500. They said no im not aloud it becuase I already have 850 in the bank and wont need it
Barclays wouldn't increase my overdraft - ever. My overdraft was opened at 1000, and after 6yrs, it is still 1k, despite being in universities ever since. It is supposed to be 'up to' 2500 I think. They just wouldn't increase it... no idea why I have excellent credit history.

Natwest would always increase it, but I had to be conservative in my request... it was originally 200 (as it is a 2nd account), they upped it to 600 with no agro - but I had asked for 1000.

Finally, HSBC offer no quarrels, at all. I opened the account and they gave me 1400 as I was a 4th year student - despite this being a 3rd bank account.

Friends have had no problems with Halifax.

But, they did give you the reason.... Empty the money from your account and try again....
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Old 2nd Jul 2009, 08:13   #45
Pneumonic
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I graduated 10 years ago and still have a student overdraft facility on my Barclay's account of 3500... Account regularly drops to -3500 as I use it to pay work expenses as it is a much cheaper form of credit than a credit card... Have never had a letter or been asked to reduce it.. that said the account sees anywhere between 3000 - 5000 hit it each month when I am paid my expenses.. so I really don't think they care all that much as long as the account is active
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Old 2nd Jul 2009, 08:20   #46
SimonCHere
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I've still got a 10 overdraft limit from my student days, 11 years ago. They just wont take it off, I've given up asking them.

They wont give you an extension for the things you are asking for, you might be too late to go back and change your reasons now.

Try a different bank?
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Old 2nd Jul 2009, 08:43   #47
EVH
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Quote:
Originally Posted by AcidHell2 View Post
student. Used to be no interest. Not sure what it is these days.
It's still no interest, and it continues until 2 years after graduation


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Old 2nd Jul 2009, 09:07   #48
Old Wino
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..
Last edited by Old Wino; 22nd Aug 2009 at 21:10.
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