As the start of the academic year draws closer, banks are battling it out to woo freshers and returning students into opening ...

Bank Overdrafts Are Too Frequent and Too Expensive, Report Concludes Expensive overdraft protection fees have become a “frequent and harmful” practice throughout the banking industry ...

To confirm you are a student and therefore eligible for the bank account, the bank may require your 16-digit UCAS code.

Other steps that banks are taking to ease the burden of overdraft fees include giving customers a “grace period” of one day to cover a deficit before charging a fee; waiving fees on small ...

"Using BNPL for consumables like groceries is a red flag; it suggests a household might not be appropriately managing cash ...

How Overdrafts Work. An overdraft can be an arranged or unarranged loan you take through your current account when you’re out of money. An annual interest rate will apply when you borrow.

A negative bank balance doesn't directly affect your credit score, but missed EMIs, failed auto debits, or account closures ...

The value of overdrafts used by small and medium sized enterprises (SMEs) have grown 18% from £8.3bn in May 2021 to £9.8bn in May 2022* as financial stress in small businesses rises says UHY ...

Overdrafts are intended to be used as a short-term safety net, not for long-term borrowing. » MORE: What is a credit score? Protecting your credit score when using an overdraft.