🚀 go-pugleaf

instinctsetfree@lycos.com wrote:
> I recently "went over" my overdraft "limit" by a few pounds and
> Natwest pounced on me with a charge of �28. This seems unbelievable
> to me. An overdraft limit should be just that but the banks pay a few
> pounds out of your acount when their is insuffient funds and then
> charge you �28!
>
> I asked the bank if they could make my overdraft limit more of a limit
> to prevent to prevent this happening in the future because to charge
> �28 it must have been a great inconvenience to the bank, and the reply
> was if someone tries to charge my account and there is not enough cash
> there the bank takes �38 from me for me not having enough money to pay
> the original person.
>
> I am currently choosing a new bank based on bank charges and am
> looking long term for an alternative to these high street thieves.

I had some direct deits go early from my Nationwide Flex Account recently
taking me over my Limit (�0) by about �10.
I got a letter a couple of days later telling me this had happened and that
as a result:
1. They had given me a new overdraft limit of �250
2. If  I paid the current one off immediately I would not be charged fees
3. That I would be liable for the interest. (Which worked out at 5p)