Bank Overdraft.

DX24 · 7 Oct 2015 at 23:42

Hi All

I'm curious to know, if a bank stopped my overdraft, Will I have to pay back the remaining funds and if so how long will they give me to pay it back.

Thanks In Advance.

DX24 · 7 Oct 2015 at 23:48

Thanks.

It's not that I want to,More if the bank decided to remove it. How would it work out.

DX24 · 8 Oct 2015 at 00:15

Thanks again for the info.

The concept is I want to move money from my current account on to a credit card. though have recently discovered that a bank can removed mine or a overdraft. I have been with one of my banks since 2003 and the other since 2013 and never had any problems with either, Just got a bit worried in case they cancel.I'm paying interest on both and have seen online that is keeping them happy so for them to remove is more unlikely.

DX24 · 8 Oct 2015 at 04:02

Abyss

Your first sentence is what I was thinking.

I'm moving money from an account - overdraft to put some back onto my credit card.

My question is my banks are happy due to being great with their terms. Although lets say one account overdraft was removed than how would I pay them back? if overdraft arranged was £1500 and I had spent £1000, Would the £1000 need to be put back within a month or monthly etc