natwest student graduate account overdraft. One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraft. natwest student graduate account overdraft

 
One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraftnatwest student graduate account overdraft Download the NatWest app

Representative 0% APR (variable) Buy Now Pay Later is a credit product. RBS and NatWest latest to hike overdraft rates. Go in to your branch, and talk to a manager. A. Save up to £653 with a free 12-month subscription to Perlego’s online library of books, academic texts and tools. 2. Classic Account, Silver Account, Gold Account, Platinum Account, Premier Account (including all Vantage options), Student Account, Graduate Account, Reward Current Account, Ultimate Reward Current. Students have faced a mixed picture on their monthly rental and accommodation spending since 2018, with the pandemic disrupting a steady increase. To apply, you must be 18+ and a UK resident with a NatWest current account (held for 3+ months). After you graduate, your student account will be automatically changed to a NatWest graduate account. After proving you're in education, they should give it to you (it automatically updates your account). This is managed by parents and comes with a prepaid child’s debit card for kids aged 6-17. Your account number, sort code and debit card will stay the same. Benefits The Natwest Student Account gives you £80 in cash and a four-year Tastecard which is worth £35 per year. To apply you must be 18+ and a UK resident. I already had an early student bank account so had a £200 overdraft, I then went and applied for the £500 overdraft when my university place was confirmed. 65 a day. You can ask us for an arranged overdraft when you apply or any time afterwards. After you graduate they will reduce the arranged overdraft gradually, so you have to find the account before this happens else you will pay interest and maybe fees. Taking a step back and looking at your finances could really help you to feel in control and stay on top of your spending. What is the interest rate on a NatWest student graduate account? Representative 39. NatWest and Royal Bank of Scotland have even thrown in a £10 Amazon. Yr 1, up to £1,000; Yr 2, up to £1,250; Yr 3, up to £. To apply you must be 18+, earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. Usage our overdraft expense calculator to acquire an thoughts of how much it costs toward use an overdraft across our range of accounts. Student current accounts are made for you if you’re going to university or college. The Natwest Student Account offers a £500 interest-free overdraft in your first year, and then £2,000 for years two and three. If these conditions aren't met then they are likely to close off your account. Graduate overdraft; Help with overdrafts . I apologise if this is in the wrong place: please let me know and I will move it. I currently have £0 deposited…WVL. NatWest and RBS will also be ending extra fees for using unarranged overdrafts, charging those customers the blanket 39. To apply, you'll need to be 18+ and have graduated in the past 2 years. Graduate bank account overdrafts. If Cora can’t help she will pass you on to one of our colleagues who can assist you with your query. Overdraft available to NatWest student current account customers aged 18+. 50% off food or 25% off food and drinks at thousands of participating UK restaurants. uk Gift Card. I graduated in 2006 after completing a 3 year degree in the normal fashion In June 2007 i recieved a letter saying that on the 31st July 2007 my 'free' overdraft limit would be reduced to £1000. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. Despite having graduated in '06, I still have a £1,000. 31, which is still much cheaper than Lloyds Bank and TSB, as NatWest/RBS don’t charge a monthly overdraft fee. Mortgage. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. As of the 17th December I am being switched to a standard current account which wants to charge me 18% interest on said overdraft and £6 a month for the pleasure! What did you expect? All overdrafts are repayable on demand. From time to time NatWest has a cashback offer for students which you might be able to take advantage of too. If your request is successful, we will confirm our decision and add the. Now, I'm in my first term, and running low on cash. earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. if you take out an overdraft of 500 from the bank the moment money from work or student finace comes in the bank takes back the overdraft you borrowed and then the process goes round in a circle once again. The NatWest student account is designed to make your life in higher education a little bit easier. Hi, I'm currently a university student, with a Natwest student account, which allows me a free overdraft of around £1600. Students can apply for up to £3,250 interest-free from year three onwards. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. 99%: Overseas cash withdrawals: 2. Days 6 and 7 we'll transfer your bank account balance. You’ll have to pay about 3 to 4% of the amount you’re transferring, but what you owe will move onto the card at 0% interest. 30 May 2007 at 10:57AM. Over the next five years through NatWest Thrive, we want to help 1 million young people improve their financial wellbeing so they can feel more confident about their future. written by on 04/10/2010. See how much it costs to use an overdraft across our range of accounts. Report. Current accounts designed for you. 9% – but you don't have to make repayments for the. Replacing lost or damaged cards. Student, Graduate or Select account. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. I started off with £500 but ended up with £1000 after I was told it would be better and also I needed the money to help me financially. To hold this account, you need to pay £1,250 into an eligible NatWest account every month. Year 2 £1000 (interest free). Check out the repayment example in the table below. boss. I've had to change my circumstances as I now live with my mum and student finance is based on her income. Manage your credit card. New customer - Student or Graduate? You'll need a NatWest account to have an overdraft with us. A Student bank account is designed to make your life in higher education a little bit easier. Help with registering on the app. Yeah its interest free. a. ›Budgeting & bank accounts. I have recently tried applying for an overdraft, well started filling the forms out online, I got to the page requiring me to enter the limit I wanted (£500) and I noticed a message saying "Your application for an overdraft is unlikely to be accepted at the moment" So I've held off from applying as I don't want a rejected overdraft request recorded on. I had to do a credit check for my overdraft but it was for Halifax. 01. Not at all. grad account year 1: 2000. Mobile app required and available with compatible iOS and Android. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. The Arranged Overdraft limit you can apply for depends on what term and year of study you are currently in. Nationwide and Barclays have biggest overdrafts with up to £3,000 interest-free. My advice is to go into a branch and ask them about the different accounts available to you before doing anything too hasty. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. £2,000 £1,000 and £500 if you go over that they just charge you the usual overdraft rates. NatWest Student Account 2008-09: A Guide The student account is available from June 9th to October 31st 2008. Make student life easier with our Student Current Account. The minimum overdraft limit you can have is £250. A big difference between a savings account vs a current account is how often you access your money. Student overdrafts. I graduated in 2006 after completing a 3 year degree in the normal fashion In June 2007 i recieved a letter saying that on the 31st July 2007 my 'free' overdraft limit would be reduced to £1000. Account fee of £2 per month. You’ll need to have a student current account as well, and be over 18. Only one 1I2I3 Graduate Current Account can be open at. a. not have a student account, or a current account with an arranged overdraft, with another building society or a bank (though you may be able to switch either to Nationwide) have been accepted onto a full-time UCAS course of at least. I recently applied for a NatWest student account as it would give £100 once the account was opened. N/A. Our app's Savings Goal Tool can help you work out how long, and how much, it'll take to reach a specific goal. £100 cash bonus plus a four-year Tastecard, which gives you discounts at many restaurants in the UK. Does Natwest allow you to have an overdraft on your student account. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Providing copies of paid cheques. Online Banking. For anyone doing their PGCE - NatWest are offering student accounts with interest free overdraft and £100 cash for opening the account (they include post grads for student accounts). With graduation dates set and debts looming, it’s time to start thinking about your future and finance. 13. Although this account was brilliant when I was an undergraduate, since graduating it has been extremely unhelpful! I am studying for a pgce currently, but Natwest do not take this into account. You’ll get 3% AER on your in-credit balance of £300-£2,000. Graduate accounts may continue to offer a low or interest-free overdraft facility which decreases over time, giving you the opportunity to. What I liked about the student account was that it had an interest free overdraft of £1250. Manage your bank account; MyRewards; Apply for an overdraft; Manage your overdraft; Mobile Banking; Log into Natwest Membership Services ; Overdraft cost calculatorFor example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first year after university, but it reduces each year after. Information correct as at 31 October 2023. Invest up to £9k per child for the current tax year. Best postgraduate student bank accounts. easy-to-manage account, manage my account. 3. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. I'm amazed you managed to get those 3 student accounts, the terms for all 3 of those banks student accounts is that you can only have one. Support centre. Natwest are crap, you can keep your student overdraft 1600 max I think for 5 years, then the 'graduate' accounts have about 500 free overdraft and that's it. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. You’ll need to have a student current account as well, and be over 18. Does anyone know if Natwest let you increase the overdraft early if you call them?Current accounts. NatWest/RBS student bank account - get up to a £. NatWest Graduate Account Interest-free overdraft. To be eligible they need to sign up for online banking and select to receive paperless statements. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. I had paid it off in the time scale specified and then they changed it to a Select account, where I would be charged if I went into my overdraft again. 1. Whether you want to manage your money better, develop a future skill, or live more sustainably, there’s. eruka Posts: 9 Forumite. 5. Since then NatWest have been pushing me to get a student credit card and are adamant that I’d be accepted. 7. Then standard rates apply. Even after however, they will likely decrease your overdraft amount. Please note that this tool does not provide any indication of approval. Their years start on the 1st July, so if you graduated the summer of 2004, then your £2000 overdraft lasts between 1 July 2004 to 30 June. NatWest vs Santander student accounts. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 from term two year one. Remember an arranged overdraft is a borrowing facility that you are responsible for repaying should you use it. Your current address. Interest on fees and charges is payable. Graduate accounts are available for two years. Plus if you have our Student account you could get deals. You can select how you wish to receive Act Now Alerts and switch them on and off through Online Banking or the Natwest. Debt is never a good thing, but a student bank account overdraft is an excellent buffer to keep up your sleeve, in case of. It gives accepted newbies £100 and most get an ongoing £250 0% overdraft too. About NatWest Thrive. I have a student account with NatWest which was advertised as coming with an interest free overdraft. It also means that anything you own may have to be sold to pay off debts – this can include your home, car or any luxury items. (edited 6 years ago) 0. Student Overdraft Facility - No Charge. If you absolutely can’t pay off your debts then bankruptcy might be for you. Easily use our mobile banking app. when your account switches to a graduate account you will be expected to pay it off so it's like. You can apply for up to £1,000 interest-free arranged overdraft in your first year, up to £2,000 in your second year and up to £3,000 in your third year and onwards. A student overdraft is not free money – it’s a loan that you'll need to pay back, ideally before the interest kicks in. Available 24 hours, 7 days a week Credit cards. The NatWest and RBS student accounts start with a definite £500 0% overdraft (as long as you're approved for an overdraft. With the HSBC Graduate Bank Account you'll get: You may be eligible for an overdraft facility, of which £3,000 will be interest-free during your first year and £2,000 in your second year after graduation. Year 1: £1,500. Students can apply for up to £3,250 interest free from year three onwards. We cover this in more detail later. App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries. This comes with a debit card and is managed by the child. A free 4. After you graduate, your student account will be automatically changed to a NatWest graduate account. So it goes a bit like this. You can’t have had a FlexStudent or FlexGraduate account on 31 July 2023. Specific account eligibility criteria applies. According Natwest's site the student account is turned into a graduate account when you graduate. call 08457 888 444, select loans and overdrafts then student overdrafts, ask them to increase. HSBC. 49%. Graduate bank accounts still come with a 0% overdraft. Personal banking complaints team: available Mon-Sat, 8am-5. Book a Financial Health Check. NatWest’s new 2023 student banking offer includes: £100 cash welcome gift, transferred directly into your account. These cards. also, as a student, natwest is good because it offers the biggest interest-free overdraft (as standard, i think £1250) hope that helps, fff . This service is only available to switch current accounts. This offer applies to applications received in branch or online from 1st August to 22nd September 2023. The Graduate account can have an Overdraft of £2000 but only if you ask for it to be increased. Does Natwest allow you to have an overdraft on your student account. Graduate Trainee – NatWest Markets - Quantitative Analyst. 50 per transaction abroad: 2. See all our bank accounts; Everyday bank account; Reward bank account; Student bank account; Child & Teen bank account; Premier bank accounts; OverdraftsIf you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. Freebies. But from late March or early April this will change across seven current accounts offered by both banks – the flat fee will be scrapped, and the interest charged will vary from 19. If you were looking to apply or make changes to an existing overdraft, please instead visit our eligibility tool . What is a graduate account Natwest? Your Graduate account is designed to support you in the transition between Student life and moving into full time employment. With no monthly account fee. Compare our accounts to find one that's right for you. Graduate bank accounts are designed as a stepping stone to give you some time to pay off your overdraft without interest before entering the big bad world of regular fee-charging overdrafts. Overdraft amounts for the graduate account are £2,000 for the year after graduating, £1,500 after two years and £1,000 in your third year. Natwest advertise as part of their student account a free student rail card for 5 years. 81% (NatWest)) if they are. You may also apply if you are enrolled in a full-time postgraduate or nursing programme lasting at least a year. usually two years after you graduate. Which account offers the best interest-free overdraft? All the student accounts we looked at offer an interest-free overdraft, but the limits varied depending on the provider and the duration of the course. For the security of customers, any unauthorised attempt to access customer. HSBC, Natwest and RBS are offering cash bribes of up to £80 to students. The idea of a savings account is that it’s a pot of money you leave alone, gradually building up over time. Santander: guaranteed £1,500 0% overdraft + free four-year railcard. Get paid an interest rate of 0. Credit reference and fraud prevention agencies use your information because they have to prevent fraud and money. What features do NatWest current accounts have? An arranged overdraft: the limit you get will generally depend on your circumstances, including your credit rating how much you earn. Maximum Arranged Overdraft limit allowed (subject to approval): If. Manage your car insurance. Nov 9, 2023. You can only hold one cash ISA with NatWest and must not open another cash ISA with any other provider in the same tax year. Start with just £50 and top-up with as little as £10. Why apply for our Student bank account? Interest-free overdraft up to £1000 with an instant online decision. With our Graduate Account, the amount of your Arranged Overdraft that is interest free, decreases each year after you have graduated. An overdraft can be an expensive way to borrow in the long term, regularly reducing your overdraft balance and limit will help reduce this cost. Breakdown your budget. Perk. The interest-free overdraft is a big draw, giving a consistent £1,500 limit through years 1-3 of university. Only one 1I2I3 Graduate Current Account can be open at. Have £500k minimum mortgage borrowing with us. With our Student Current Account, you can apply for an interest-free arranged overdraft of up to £1,500 in years 1 - 3 and up to £2,000 in years 4 – 6. Alternatively, you can also apply for one. 89% interest on arranged overdrafts, as well as a £6/month flat fee on most accounts. £21 - between our branches. Taking out multiple overdrafts is a stupid idea, because you are only increasing your burden of debt to repay once you graduate. Hey all So far iv used £310 of my overdraft with natwest Im starting my first year of uni on mon You know the £310 overdraft when would i fully have to start paying it back, i understand i can deposit amounts into the account to decrease the overdraft but say if i was to leave it at £310 for 3 years (last year of uni, total 4 years). The arranged overdraft limit can be up to £510 for the first 6 months, than you can apply to increase it up to £1010 in your 7th to 9th month of studying, and from the 10th month you can apply to. So you'll need a plan on how to pay it back, ideally before the. Current account fraud Overseas: +44 3457 888 444. e took out of your overdraft). Payments OpenClose. Basically, you’ll need to pay back at least £1,000 a. NatWest Online Banking is easy, secure and lets you do all the things you need to do to manage your money online. Just follow these 3 simple steps: Open the NatWest app and click on your chosen current account. Usually at this point your "graduate" account will be converted to the bank's standard current account. Tens of thousands of people who held a student current account with RBS or NatWest between 2002 and March 2016 are due to receive a refund of overdraft charges. have been a UK resident for 3 or more years. Nationwide is the final provider to offer £100 in cash, if you pay in at least £500 by 15 December 2023. The deal is that when you graduate, it turns into a graduate account, and the overdraft remains free for a further 12 months. Switch to First Direct. I still have a £2,500 overdraft limit from when I opened an account with them 10 years ago. NatWest is also offering a freebie to new students in the form of £100 in cash and a 4-year Tastecard. Subject to status and a full credit assessment. Hi, I have a student bank account with Natwest. When do I have to pay back the overdraft? Once you have completed your studies, the bank may transfer the account onto a graduate account. 40 during 2020 as Covid took hold. Your student and maintenance loans repayments are frozen until you start to earn over £25,000 but many people forget to consider their student bank accounts overdraft is also a loan, and one. £100 cash for opening account: £100: NatWest: Year 1-3: £2,000: £80 cash and a four-year Tastecard:. Our Video Banking service provides you with banking from a location of your choice. 39. Then hit the ‘Gambling’ toggle to turn it off. Card payment support. Explore our overdrafts. Here are the top ones: Bank. However I recently found out that Santander offer a railway card which would mean 1/3 spent on travel for me compared to paying the full cost per month on pay as you go. Hi guys, i took out a overdraft from the bank last term. eruka Posts: 9 Forumite. For example, NatWest’s graduate account allows an interest-free overdraft of up to £2,000 in the first. For example, the Lloyds student bank account offers an interest rate of 2% per annum for balances up to £5,000 and a sign-up incentive of £100. You’ll have to pass a credit check to be approved for. Business account fraud Overseas: +44 345 711 4477. I currently have £0 deposited… WVL. 0. Overdraft: Both NatWest and RBS allow for an interest free overdraft up to £2000,. Industry: Financial services: Founded:. Always make sure you have enough money in your current account, or a. Overdrafts are repayable on demand. Open a student bank account. Whether you're starting a side hustle or looking for tips to improve your. For starters, this account comes with the option of an overdraft. Offer T&Cs apply. Make sure you have selected the account you wish to make the payment from. Any other products you have with your. With the NatWest Student account you could get an interest-free overdraft of up to £2,000 in your first year, potentially rising to £3,250 in your third year. Year 1: up to £2,000* Year 2: up to £1,000. 2 January 2013 at 7:57PM in Budgeting & bank accounts. RBS’s 0% overdraft has a high ceiling of £3,250 by your third year and the chances of obtaining it (eventually) are quite high. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. We no longer offer our Student credit card but our Student overdraft could give you a short-term safety net if you’re low on funds. Step by step guide to Alerts. Up to 15% cashback at some of your favourite retailers. Current account fraud UK: 0345 788 8444. If you're eligible for an overdraft and for what amount depends on the results of the full credit check. Hi all. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. I still have a £2,500 overdraft limit from when I opened an account with them 10 years ago. A student overdraft (much like a ‘normal’ overdraft) is effectively a mini loan designed to see you through times when you need a little extra cash to make ends meet. This charge also applies to providing details of paid cheques. 13 years ago. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. At the moment, NatWest and RBS customers are charged up to 19. Lloyds and Halifax are offering. Set up a standing order to save your money and consider turning on Round Ups to squirrel away the spare change (Eligibility criteria apply. Choosing a bank that allows a longer 0% grace period post-graduation will help ease the financial transition from student to jobseeker. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 9. But, unlike a student account, the limit reduces - typically every 12 months. *Eligible students in third year onwards can apply for up to £. If you don't have Online Banking, you can register and then sign up for alerts. Top-pick student bank accounts. it happened to me. So that's a pretty good point. Benefits of the NatWest Student Account. You’ll need to have a student current account as well, and be over 18. The third option, a Tastecard, gives savvy students access to up to 50% off or 2 for 1 meals at participating restaurants as well as 40% off cinema tickets and 70% off hotels. This is available in the first year of study and is intended to help students manage. Overdrafts guide; Overdraft eligibility calculator. After you graduate your FlexStudent becomes a FlexGraduate account. On your mobile or tablet, go to the App Store if using Apple or Google Play if using Android. a full-time post-graduate course;. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. In the third year of your Graduate account, you could benefit from up to £1,250 interest-free arranged overdraft. If you have money guaranteed to come in, then they'll be more likely to give you an extended overdraft. These costs then bounced back in 2021 to £518. . Angelharpist. Multiple Student Accounts; NatWest student overdraft; Overdraft; Santander bank;. Mobile app required and available. This is a full analysis of your credit history and, unlike the soft check, it'll be visible on your credit report. You’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. Choose from our fee-free account or view our full range of accounts. If this happens, we’ll charge you a fee on the extra amount you go overdrawn. We’ll talk to your old bank and on day 7, your balance will be transferred to the new account. All of our current accounts offer an arranged overdraft, except FlexBasic. Unfortunately, for all other. Here’s why you want a Student Additions Account. If a seller tells you they can’t accept a card payment and asks you to send them money directly don’t do it, it could be a scam. You can apply for up to £3,250 interest free from year. If you are an International Student then please start a thread and I can advise on your thread. We no longer offer our Student credit card but our Student overdraft could give you a short-term safety net if you’re low on funds. MMC for Current Account with Control is £20, Student Current Account £40 and Cardcash Account £30. 0% interest. Apply or change respective overdraft with get running user to make this most out of your money. As you changed your work status to ‘graduate’, that means you could be eligible for an overdraft between £250 to £2,000. Mobile app required and available with compatible iOS and Android. Hi i have been with nationwide student flex for 3 years with a £1000 loan. The Natwest student bank account works and operates like any typical banking account and has a fee-free overdraft of up to £2,000 from year two onwards. Select ‘Send money’, ‘Make a payment’, then choose who you want to pay from your payee list. Your existing £1,500 overdraft facility will increase to £2,000 for 12 months. Only TSB can tell you about their student overdraft and lending criteria. If you've graduated recently, see if you can ditch and switch your account to save £100s in interest. 03. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. An arranged overdraft is available to those who meet certain conditions. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're. 3. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. A minimum £100k savings or investments held with us. A free Financial Health Check with one of our staff is a great way to do that. Students can a apply for up to £3,250 interest free from year three onwards*. I kept my santander student account with the £2000 overdraft as a graduate account during my PGCE, and they let me keep the overdraft when I finished. When you graduate, your 1I2I3 Student or 1I2I3 Postgraduate Current Account will automatically transfer to a 1I2I3 Graduate Current Account. No Charge. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. I have both a Barclays and Natwest student account, even though I have banked with Barclays since 2003, I found Natwest so good with students. more info here. This charge also applies to providing details of paid cheques. Click the link here to sign up for an HSBC student account. Savings account need-to-knows. HSBC Graduate Account. Available 24 hours, 7 days a week Business accounts. There are no monthly fees, and like Natwest, offer the choice of three special offers, including the Tastecard, Amazon Prime Membership and National Express Coachcard. The minimum overdraft limit you can apply for is £250. But the figure declined to £437.