Welcome to Overdrafts.co.uk
Welcome to Overdrafts.co.uk your one stop site for information on UK overdrafts. On this site will offer information on what an overdraft actually is as well as showing you the best bank overdraft deals currently available in the UK market. Choosing the right account with an overdraft is important as many people use their overdraft constantly during the month to help them get by when money is a bit tight.
Virgin Money Overdrafts
Virgin Money is a very late entrant into the world of UK banking, and finds itself up against stiff competition. The banks have come under fire time and time again, and are rolling out as many incentives as possible to get new customers to come to them and stay with them. Can Virgin Money take the old name of Northern Rock and show that it is different from the herd? // Virgin Money’s accounts with overdrafts have already come under scrutiny, and they’re not even out of the box yet. Reports that all account holders would be charged £5 a month ...
Northern Rock Overdrafts
Northern Rock is owned by Virgin Money; in fact the Northern Rock brand will be phased out in 2012 and become Virgin. Northern Rock recently came under intense scrutiny in 2007 when it suffered the first bank run in over 140 years as consumers lost confidence in the bank during the height of the international financial crisis. However, the bank has rebounded somewhat in 2012, being purchased by Virgin Money. Northern Rock’s credit accounts offer overdraft limits to those who qualify. The standard amount is £15 per month at time of writing, with an overdraft interest rate of 11.9%. Interesting enough, due ...
HSBC Overdrafts
HSBC is British-owned, and is world’s second largest bank. It is the world’s second largest public company. It has around 1500 branches in the UK, most of which are within England and Wales. HSBC is a bank that is working to improve its on-the-street customer experience, as other banks move more to Internet banking and direct banking, HSBC is changing its on-the-street banks and investing heavily in redesigning to accommodate the customer. HSBC offers overdraft facilities with its current accounts, and usually does not charge an arrangement fee for a pre-arranged overdraft facility. They have a distinction between a formal overdraft ...
Santander Overdrafts
Santander charge a flat-rate overdraft fee on their accounts, like many other high street banks. Santander overdrafts came under fire when in January 2012 when they announced they were going to double their daily overdraft fee from 50p to £1.00. The issue was not really that this is higher than other banks (Halifax charges the same amount), but just that the change was not transparent enough. The information is posted on their website and was sent out to current customers as part of an email campaign. // This charge can be applied up to £10-20 depending on the account. Also, this ...
Welcome to Overdrafts.co.uk
// Jul 25th, 2010
Virgin Money Overdrafts
// Mar 15th, 2012