Avoiding Overdraft Fees
Avoiding Overdraft Fees
Your interest-free overdraft is a safety net, not a target. Here is how to stay in control and avoid charges that eat into your budget.
Set up balance alerts
Most banking apps let you set notifications when your balance drops below a certain amount. Set one at £100 and another at £0 so you are never caught off guard.
Know when the free bit ends
After graduation, banks typically give you a year or two before the interest kicks in. Mark the date in your calendar and start a plan to bring the balance down before then.