Quote:
| Originally Posted by Sparky750 I hate banks with a passion they're like insurance companies they know you need them so just act like tw*ts |
In fairness to them, they give a lot of student a lot of free money for a lot of years. When an account is sitting unused for months / years on end at the limit of its interest-free overdraft, it is costing them money. If you're using it, the vague theory is that when you cease being a student and get a job you'll use the account, lift it out of overdraft, and they'll earn money back from you once you're in credit. If it's not being used, there's absolutely no reason for them to ever want to let you keep your free money and they'll ask for it back.
When my student overdraft was reduced I got a month's warning, which was handy. Still difficult to find £500 (the amount mine is reduced by each year) at a month's notice, and a little harsh in this case to ask for it immediately, but talking to them can usually sort something a little more sensible out, as appears to have happened.
David