Why are you running two accounts, you don't seem to be able to manage them very well based on what you've posted. It's not Ulster banks fault that you are mismanaging your accounts.
And I think you're very lucky to be declined for an overdraft, that's a rocky road that many on AAM have trodden into deeper water. Stay away from overdrafts
You could appeal it but UB especially is very much a 'computer says no' bank. Everything is run through the systems and if it says no it is practically impossible to get a human to reverse the decision. There are no real decision makers left in the banks who will go outside the guidelines whatever the circumstances.
Really?
Interesting. Thanks for the info. I may ring my branch and see what they have to say.
+1 . Take your business elsewhere if they won't play ball.
Bronte, if you see fit to give me unrequested financial advice, please feel completely free to do so via Private Message, instead of using this thread which is a specific question about overdraft applications.
I'm not seeking general financial advice. My question is specific: are overdrafts application decisions ever reconsidered?
Thanks.
As an aside, Bronte, I would advise that you seek further information about a person's financial situation before coming to a general conclusion about their financial responsibility based on a very minute amount of information about their financial history.
I also thought that the reply from Wp86 to Bronte was way over the top and unwarranted.
I had thought that you had an automatic overdraft limit on your ufirstgold ac or at least that is the way they try to sell it to you.the branch i visit on a weekly basis was trying to sell me this ac for weeks in the early part of the year as they were introducing banking charges. If i were you i would combine both acs,maybe forget about the one with the 14.00 charge and tighten up on a few items, you may not need it then. Having paid off nearly 25k in personal debt over the last 5 yrs between loan ac, credit card and overdrafts my advice would be to watch the pennies a bit closer and forget about the credit facilities and maybe review your needs in 6 or 12 months.
Just to be clear, I did not intend to be preachy or holier than thou. I actually believe in what I've stated. I think it's quite shocking that someone can go into unauthorised overdraft 6 times in 3 months and myseriously blame it on a totally unrelated red herring, towit having two accounts were the cause of the overdrafts.
From my own family I have seen what overdrafts can do, not to mention the many many posters on AAM who started off down the rocky road of overdrafts, swiftly followed by the first credit card, the credit limit increase without permission, the credit card cheques to spend spend spend, followed by the second and third card, then the small loan to consolidate etc etc etc.
Overdrafts can work for some people, and are probably essential to people in business. But they should not be looked upon as a right, or a good thing. My advice to young people during the boom fell on deaf ears in many cases, sure what would someone like me know about having many new cars, multiple holidays and to die for white goods and the sense of entitlement one noticed during the boom.
And the latest wheeze is the 'pay day loans'. They should be banned. Not sure if they are in Ireland yet. But they are only the latest in ways to take your money. And those that take your money are ever inventive. They trick people, as banks do. And then we end up with people in one right financial mess because they don't want to listen to anybody who might, just might, question what they are at. Financially. And isn't that the core value of AAM. Giving advice, based on experience of the pitfalls to be avoided.
I didn't react to the OP's crossness at me, and thanks to those who defended me. But we've had people at the end of their thether on here, and suicidal ones too, so if my posts prevent someone going down a rocky road, financially, well the barbs willl be well worth it.
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