Reply to: What is the overdraft limit on your current account ?

[Diver]

Have'n't got one
Haven't had one for 10 yrs
Don't want one
Don't need one
Hope I never do!

[Ollie]

£2m

[Zorba]

This is what annoys me about overdraft limits, and credit card limits too.
My credit card limit is £1000 (yes I know it's low, it was my choice!). Now I thought that meant "if you try to go over that amount we'll stop you". But no, it apparently means "if you try to go over that amount, we'll let you, charge you a penalty, and then eventually stop you at some arbitrary point". They don't even try to pretend that that arrangement is in my favour in any way.

If anybody knows of a credit card company where "limit" really means "limit" please let me know and I'll switch immediately.

You may wish to switch over to a charge card (Diner's Club etc or the original Amex). However, be warned that they usually charge a monthly or annual fee and less and less places accept them now due to high merchant % charge.

EDIT: I do agree with you though - I had done the same thing in an attempt to limit the damage done by potential fraudsters and capped the card at £7k. It didn't work - they spent £20k in one week abroad. It took a little while to get that sorted, and a bit longer to get the interest charges and over limit fees cleared!

[bobhope]

overdrafts are for permies

[Moscow Mule]

Could all those with large overdraft facilities please post bank details below.

Well, my bank is on the High Street, it's got a big sign over the automatic doors and you walk into a lobby where there is either the option to visit one of the tellers, or one of the personal banking staff.

The personal banking area has two open plan desks where you can talk to somebody, or you can ask for somewhere more private if you prefer.

There are 6 teller windows, but usually only three of them are staffed. This can lead to queues at peak times but you normally don't have to wait long.

There are also two ATMs if you prefer to do your banking business without ever talking to anybody.

I hope this helps.

[MarillionFan]

10K.

No idea why, never use it.

[thunderlizard]

This is what annoys me about overdraft limits, and credit card limits too.
My credit card limit is £1000 (yes I know it's low, it was my choice!). Now I thought that meant "if you try to go over that amount we'll stop you". But no, it apparently means "if you try to go over that amount, we'll let you, charge you a penalty, and then eventually stop you at some arbitrary point". They don't even try to pretend that that arrangement is in my favour in any way.

If anybody knows of a credit card company where "limit" really means "limit" please let me know and I'll switch immediately.

[Diver]

Could all those with large overdraft facilities please post bank details below.

[wendigo100]

My personal account overdraft limit is 112K.

I haven't got one that I know of on the business account.

[scooterscot]

overdraft? What's that?

[Moscow Mule]

More than I ever need.

[Numptycorner]

Never spend money you dont have !

We all spend money we don't have

I promise to pay the bearer the sum of the note on demand

usually

[Red 7]

Big fat £0

If you need an overdraft you're not charging enough.

[Maxamus]

£1,000 but i've never used it and probably never will.

Never spend money you dont have !

[lilelvis2000]

£0 - personal and £0 business account and £600 business credit card.

I run a tight ship....which is why I've paid hundred in overdraught charges caused by wife losing head and buying shoes 'til the sun drops outta the sky. (or emmerdale comes on whichever comes on first)