Paying off Overdraft Fees

So I dipped into my overdraft at the start of the month, which I don’t mind because I wanted to give it a go and see how it works. I really like it, simple to use, easy to understand. However it was only for a few days, and now I’ve had a note saying “Overdraft charges” at the top of my feed since the beginning of February. That’s fine, I know why it’s there, and I’m glad it builds up in a way that’s clear. I also like that if you click on it, it gives you further info etc.

But what I would like to see, is an option to pay this off early. It’s only a few pound and now I’m just waiting for March for no reason when I have the funds to pay.

I’m not suggesting it should auto-deduct once there’s money in the account, but I think an option to clear sooner would, in my opinion, be a useful tool.

26 Likes

it would be nice if we could settle any overdraft charges we have accumulated at any time, instead of having them settled on the first of the month.

I intent to apply for an overdraft when I need it and reduce it to zero when I don’t, effectively using it like a payday loan. I reduced my overdraft to zero on the 4th but accumulated charges will be taken next month. Would be nice if I could settle them now.

1 Like

It’s been suggest a few times before and there was an official reply here Making Overdrafts Available

2 Likes

Hey Matt :wave:

Thanks for sharing this idea, I’m a fan too! I’ve moved your post here just to keep all of the discussion about this in one place, I hope that’s ok :raised_hands:

1 Like