Reducing or increasing your arranged overdraft limitation
You may either reduce or use to boost your arranged overdraft limitation whenever you want via your internet banking or banking that is mobile in just a couple of easy steps.
For this, just indication in to your online Banking or Cellphone Banking application and choose вЂMore actionsвЂ™ on the lender account which you have actually the arranged overdraft put up on. Then select вЂOverdraftsвЂ™ and follow the on-screen directions to pick this new overdraft that is arranged you want.
From mobile, choose вЂOverdraftsвЂ™ from your own banking account menu, or click on the вЂYour Overdraft choicesвЂ™ link.
If you’re signing up to raise your arranged overdraft limitation you can take advantage of an instantaneous online decision and when authorized your brand-new limitation you will need to make use of instantly.
If you want to speak with some body about amending your arranged overdraft this can be done in branch or higher the device.
Cancelling your arranged overdraft
ThereвЂ™s no need certainly 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 arenвЂ™t actively using it, itвЂ™s there as a safety net.
Should you need certainly to cancel your arranged overdraft, this can be done straightaway when your account is in credit. We might not be able to offer you the same arranged overdraft limit again in the future if you cancel your overdraft.
To cancel, your account has to maintain credit. Get on Web Banking, find the вЂMore actionsвЂ™ key in your account that is current pick the вЂManage overdraftвЂ™ button (based in the вЂOverdraftвЂ™ dropdown menu). Set your arranged overdraft limitation to zero and choose the вЂCancel overdraftвЂ™ button. You can even do that through Cellphone Banking.
Just how to avoid arranged overdraft interest
There are numerous techniques to handle your cash more effortlessly and give a wide berth to unneeded arranged overdraft interest.
Making use of some of our banking services, like PhoneBank, online Banking and Cellphone Banking, will allow you to keep a better attention on the bank stability.
Our mobile alerts solution delivers a easy method to remain on top of the funds without also needing to contemplate it.
Handling your cash
Cellphone Banking makes it possible to handle your hard earned money while on the move. ItвЂ™s free for many our present account clients. We do not charge a fee for Cellphone Banking your phone that is mobile operator charge for many solutions.
As an element of our mobile alerts solution, for you weвЂ™ll let you know when if we have a mobile number:
- YouвЂ™ve began utilizing your arranged overdraft and tend to be being charged.
- YouвЂ™re nearing your arranged restriction.
- You donвЂ™t have sufficient to pay a standing purchase.
- YouвЂ™ve reached your limitation.
We make re re re payments from your own account right after midnight in the very beginning of the date that is due. If for example the repayment date falls on a non-working time, then we are going to try to gather your repayment the second working time.
We will try the make the payment again after 2.30pm the same day if you donвЂ™t have enough funds in your account at this point to make a payment. Thus giving you the opportunity to place extra funds into your bank account in order for we are able to result in the re payment. The funds have to be accessible to make use of instantly, so you may move cash from another individual account you’ve got with us via online Cellphone or Telephone Banking or pay in money throughout the countertop in branch.
For Cheque and Direct Debit re re payments, if you will find perhaps perhaps not sufficient funds in your bank account at 2.30pm the re payment will undoubtedly be came back and you’ll need certainly to make alternate plans to really make the re re payment.
For Standing Order and Future Dated repayments we are going to you will need to make the repayment regarding the next day time the repayment was initially due. if you can find insufficient funds in your bank account at this time, the payment is going to be returned and you might need to make alternate plans to really make the repayment.
In cases where a re re re payment goes into any arranged overdraft, you have got through to the end for the to pay money into your account to avoid daily arranged overdraft interest for that time day.