An Update on Overdrafts

[cookywook (Richard Cook)]

Hey all, I’ve moved a large discussion into another thread.

Let’s continue the discussion here:

Why was my overdraft offer withdrawn?

I got 1k overdraft 3 months ago and never use it but it was nice to have it for emergencies etc however today I received a message saying from today I won’t have an overdraft with Monzo any more and it is a bit shame. Why they offered an overdraft and then took it back? I had no missed payments never went to overdraft etc. My main account is up to date and my credit card have balance of £0. What would happen if I had emergencies and would be in overdraft for 1k and they would just ask me to pay …