2014 Lender Lists:
Halifax Overdraft Charges @ www.halifax.co.uk
Moving to the Halifax overdraft charges, if you have the Reward Current Account or the Ultimate Reward Current Account then there is a £50 buffer on the overdrafts and so this protects you if you happened to just head into the red accidentally. The Ultimate in fact has no fees up to £300, but you pay £15 a month for this. The other accounts have a lower buffer limit at £10. With planned overdrafts, they impose £1 daily fees that heads up to £1999.99. Between £2000 and £2999.99 is £2 and finally £3000 and above is £3. Halifax unplanned overdrafts in most cases trigger a £5 daily fee.
You can apply for any such advance at www.halifax.co.uk (the banking login is actually redirected to www.halifax-online.co.uk). If approved, the funds are available immediately. Most customers who use an overdraft facility here will be paying £1 each day. If you have taken out £100 then this is similar to what top short term lenders charge at 1% daily. Obviously if you take out £300 then the value significantly improves. This buffer is important to see in place that covers both planned and unplanned. Without this, heading just a few pounds over would work out very expensive and this is magnified when unauthorised. Finally, no overdrafts are available with their Easycash basic account.