bank machine giving me an overdraft

blueshoes

Registered User
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260
hi i was at the bank machine the other day and i had €205 in it so i emptied it but i asked for 210 just to keep it all even because the machine would sometimes give money when none in anyways you know. so it said sorry insufficient funds so i took 200 out. and put card back in again and tried for 10.00 and the screen came up insufficient funds but we can give you an overdraft of €150. this was the first time id ever seen this is this normal or what was going on? i always thought you had to go into the bank and fill out a form to get an overdraft. i didnt take it though left it
 
Hi Blueshoes

i didnt take it though left it

Overdraft rates are always higher than personal loan rates. You would have been charged interest had you withdrawn the funds. You would also probably have been liable for a flat fee annual overdraft charge had you overdrawn.

There is no such thing as a free overdraft!

Marion
 
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