I have checked my account and it saids my overdraft limit is £500 how can this be?
2007-02-11 03:24:58 · 15 answers · asked by stav_rock 2 in Business & Finance ➔ Credit
I had the same problem with another bank.
You should read the small print. Maybe the overdraft is only available after 1 year, or when you're in your 3rd year etc... go into your branch and tell them to increase it.
2007-02-11 03:28:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The overdraft for the HSBC International Student Account can be anything up to £2000 but varies from student to student. Does it not say on your bank statement, should be near the top somewhere. If not you could maybe try calling HSBC with your account number, they may be able to help.
2016-03-29 02:10:38 · answer #2 · answered by Amanda 4 · 0⤊ 0⤋
I used to work with HSBC and I may be able to help you there, if it is a student bank account it is an AUTOMATIC £1000.00 if accepted, however the only time that you would get a 500 is if you have a pre-student account, are you taking a gap year or anything like that?...or was the account declined? if so you may just have a normal current acc with £500
2007-02-14 23:47:47 · answer #3 · answered by Anthony W 2 · 0⤊ 0⤋
I seem to remember my HSBC student account had a sliding overdraft limit that increased over the 3 years... and that it wasn't necessarily activated at the full level until I asked for it... but really, the people you need to ask are HSBC, not us!
2007-02-11 03:33:53 · answer #4 · answered by Marzipan 4 · 1⤊ 0⤋
I know of a few people this has happened to. I would go in to your local HSBC, and ask them about it. Maybe complain, and tell them you are considering going to another bank. This may cause them to reconsider your overdraft limit. If not, then i would try another bank.
2007-02-11 03:34:25 · answer #5 · answered by Tom J 2 · 0⤊ 0⤋
Just go into the bank and ask. You may have misunderstood what was said, it is quite usual to have a "sliding-scale" arrangement whereby your limit increases annually over three years.
If that's a problem, a discussion might yield more fruit than a demand!
2007-02-11 03:52:25 · answer #6 · answered by champer 7 · 0⤊ 0⤋
I think i can help with this one!....the limits are subjetct o the money in your account..i mean that if you only have alittle bit of money in your account coming in and out or none at all..the limit will only be small or not alot at all...so you need a regular activitity on your account if that makes much sense to have the big limit
2007-02-11 03:34:31 · answer #7 · answered by tiny 2 · 0⤊ 3⤋
Ask them and then open an account with another bank that is more honest although I don't think there is one!!
2007-02-11 03:33:32 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Ask the bank.
Do you have a contract or paperwork which says the contrary? or do you just think this? Ive often confused offers and deals and things like that-thinking I got one thing and got another.
2007-02-11 03:33:26 · answer #9 · answered by ShaMayMay 5 · 0⤊ 0⤋
when you opened your account i am sure that they give you paperwork to look over....check this stuff out
but really and truly its good it £500 as when you get paid next your wages will be swallowed your overdraft
you dont want to be living hand to mouth
thats not living!!!!!!
2007-02-11 09:47:16 · answer #10 · answered by mjammy1978 3 · 0⤊ 0⤋