Do you use your overdraft regularly?

[BlackCatsAndPurpleDogs]

Not being nosey...ok, I am.
Have been in mine for at least a year and wonder if one day might actually get to have a pound credit in my account, would be great

Yes we do, but tbh we are a bit naughty and have some savings elsewhere but think if our bank are daft enough to give us a free overdraft we might as well use it. After all, it would be rude not to!

no, not at all! I'm the opposite way round - I get really paranoid about getting anywhere near the overdraft, even if it means keeping money in a current account rather than putting it into savings where it could do some good.

Never. I think our limit is set at around £5000 but we never go even £1 overdrawn. Am very debt-averse. :)

grendelsmum - me too.

My bank isn't yet stupid enough to allow me an overdraft or I suspect I would live off it.

Always on the joint account! we get paid and as soon as the bills all go out we live in the overdraft for at least 2 weeks of the month. It's sooo difficult to get out of once your in. Although a while ago i managed to pay the one on my current account off (it was 'only' £300 though) and although it was a nice feeling at the time and obviously it's nice not to have that bit of extra debt on top of the rest i have exactly 'benefitted' from paying it off as the overdraft was free anyway. In hindsight I should have paid it off the credit card :)

haven't*

Also try to stay out of the overdraft if I can help it. I have an agreed limit but it's really there as a safety-net in case regular outgoings and wages deposits accidentally get out of synch. Because it's so expensive (even when agreed), if I was using the o/d regularly, I think I'd be trying to convert it to a cheaper form of borrowing.

I don't have an overdraft. One would be useful though.

I live in mine :(

no, never have.
last time I opened a new current account they asked what overdraft limit I wanted and I said I didn't want one - they were quite unbelieving and really pushed me towards having one.

me too Paper forgotten what being in the black is

i have been at the limit of two overdrafts for about 18 months now. i fucking hate it.

costs me £1 a day aswell

Overdraft is £2000. I've never gone above -£1500 in the last seven years- literally live in my overdraft. Get charged like £30 a month for it.

Everythime my wages go in, I go back into the black, but only just. Then I creep steadily through the overdraft. I'm trying so hard to be in credit for longer. It's hard though, and Halifax have just put my bloody mortgage up just as I was managing to have a few pennies spare.

never.

Yes but it's only £30 but usually when DH buys something on eBay and it comes out of my account not his.

I am making an effort not to though, it costs £5.

I mean the overdraft is £30, not the charges.

No - not since student days.

Ask the bank to get rid of your overdraft all together (once you're in the black, of course). It will force you to set a budget and stick to it.

No, have a free £300 overdraft available to me but never taken up the offer.

At the moment we are living in it. (£200 oberdraft). However once Dp gets a job (fingers crossed please, he has a 2nd interview today) we will slowly pay it off by reducing it at £50 a time until we can cancel it altogether.

I hate it.

I have a £100 overdraft on my sole account but that is there for emergencies (washing machine/car etc breaking) and we have manage not to touch it.

A few of us living in our overdrafts then. As for asking the bank to get rid once in the black, no way- sometimes I would not manage day to day without it!