0000011632 00000 n 129 0 obj If you've given us your mobile number, we'll let you know if you've gone overdrawn or if we know you're about to. We wont be able to tell you over the phone. Just fill out our short online form. 0000035317 00000 n Our website doesn't support your browser so please upgrade. How does our overdraft compare? <> <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/Tabs/W/Thumb 103 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> Does this mean that customers who aren't in repeat use aren't entitled toanysupport? If you borrow more than this, you'll need to pay interest on the amount you've borrowed. endobj 151 0 obj Using this tool wont impact your credit score. 0000004512 00000 n Student overdrafts typically dont charge interest. Credit is the amount of money you have available in your bank account. 0000003845 00000 n Based on an assumed arranged overdraft of1,200for an HSBC Bank Account Pay Monthly, the rate is 0% EAR (variable) on the first 25,39.9%EAR (variable) thereafter, giving a representative rate of38.9%APR (variable). Typically, youll agree an overdraft limit with your bank or lender this is known as an arranged overdraft. Based on an assumed arranged overdraft of1,000for an HSBC Student Bank Account, the rate is0%EAR (variable), giving a representative rate of0%APR (variable). Well send texts when you have entered or we become aware you are due later that day to enter: If you don't provide your mobile number, or let us know when you've changed it, we won't be able to send you text alerts to make you aware of your overdraft usage. So, make sure you have your debit card PIN memorised. Were only writing to customers who are in repeat use. Representative Example: Based on an assumed arranged overdraft of 1,200 for an HSBC Bank Account, the rate is 0% EAR (variable) on the first 25, 19.9% EAR (variable) on anything after that, giving a representative rate of 18.29% APR (variable). An unarranged overdraft is when your account goes overdrawn and you don't have an arranged overdraft, or you go over your arranged overdraft limit. endobj 2 Representative example 0% EAR (variable) on the first 25 We encourage you to ask for this extra support only if you need it. That way you'll know if you're approaching your overdraft, and perhaps more importantly, whether you're in danger of reaching the limit of your arranged overdraft. 15 October to 14 November 2020. <>/Border[0 0 0]/H/N/OC 128 0 R/Rect[89.2913 629.816 152.241 618.266]/Subtype/Link/Type/Annot>> 154 0 obj National Debtline (if youre self-employed). H Most of ouraccounts (except our Basic Bank Account) come with an interest-free buffer. Debit card payments in foreign currency. endobj <> In other words, if your account goes below 0, youre into your overdraft. A debit is money withdrawn from your bank account. Why are you writing to some customers about this, but not others? The figures displayed are given as a guide only. We will normally charge you unarranged overdraft interest of39.9% EAR variableon any day your account is in unarranged overdraft. 0000003157 00000 n Arranged overdrafts typically come with an interest-free buffer. HSBC Overdrafts | FAQs & Apply - HSBC Channel Islands & Isle of Man All rights reserved. endobj 155 0 obj It's easy to answer your query online. This could include reducing, suspending or removing your overdraft facility. If you get this support and your arranged overdraft is less than 500,we won't charge interest on overdraft balances up to 500 for 12 months. 143 0 obj 153 0 obj Ive received a letter about overdraft repeat use. A Daily Overdraft Facility Fee applies. Overdraft Calculator | Bank Overdraft - HSBC UK All rights reserved. Debit card payments in GBP. 0000027163 00000 n Please note: we won't automatically increase existing overdraft limits or add a limitif you do not already have an arranged overdraft on your account. This website is designed for use in the United Kingdom.

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