Announcing the Overdrafts Preview!

[anon98360489]

[JBirdV1 (Johnny Ellwood)]

I have one like that in mine, and for Barclays. It’s the credit file for your current account, not the overdraft.

[Pipefish (Patrick)]

They do do a credit search.

[anon98360489]

But your overdraft limit will be shown in current account - Limit History

[chrishyder (Chris)]

Has anyone seen any further movement on this today?

[Frankiejr (Frank)]

Not me. Feel more like @Danny every day. ️

[chrishyder (Chris)]

@tristan - were there any updates on this or has rollout stalled so far this week?

[Peter_R (Peter Roberts)]

I’m not sure how large a roll out this is. Maybe it’s just finished for now

[Frankiejr (Frank)]

From @tristan 6 days ago. Any update Tristan for those still on the list?

@tristan

So…I’m reliably told that if you fill this form out, we should be able to give you overdraft limits this week or next week https://docs.google.com/forms/d/e/1FAIpQLSes9xUVgO431ZbiXXQCOThPUldudpbArlTueLD9WQAh62I0Bg/viewform

You’ll have to pass the credit check and our eligibility criteria so it’s not guaranteed but this quarter we’re significantly ramping up overdrafts

[anon81274823]

Not even the functionality within the app to apply for an overdraft. Google forms is being used!

[Frankiejr (Frank)]

That’s only to be added to the overdraft preview. It’s not the standard approach when it rolls out.

[tristan (Tristan Thomas)]

Apparently another 1000 are about to go out…

[Auto]

The suspense! Has anyone had the message in the app yet?

[chrishyder (Chris)]

Nothing yet here…!

[chrishyder (Chris)]

@tristan - did these end up going out last night?

[nick69g (Nick)]

I have had nothing as signed up in August…

[tristan (Tristan Thomas)]

Rather than me passing on second hand info, I’m going to help Maria, our Lending Product Manager, get set up on the forum this afternoon and then she can answer all your questions Watch this space

[chrishyder (Chris)]

Thanks, Tristan!

[Auto]

Sounds good, thanks!

[hailstorm (Simon Porter)]

Any chance of reconsidering the eye watering 50p a day overdraft fee? Is this still to be decided when the preview comes to an end?

I’m paying a tiny £2-2.30 a month fee for my £250 Starling overdraft. £100 overdraft with Monzo it’s £15.50.

It’s one of the 2 reasons I’m not using Monzo for my current account any more.

I know the fixed fee can work out better than interest above a certain amount but if all you’re offering is tiny overdrafts then it doesn’t really apply.

I couldn’t care less that it’s “simple”. One thing that is clear to me is that one is costing a lot more than the other.