You get a debit card and can request a chequebook and apply for an overdraft.
A list of recent applications for credit Every time you apply for a loan, credit card, mortgage, overdraft etc… the lender will want to see your credit report.
With the Lloyds Bank Graduate Account you can apply for a tiered interest- and fee-free arranged overdraft of up to £2,000 in your first year after graduating, £1,500 in your second year, and £1,000 in your third year.
Royal Bank of Scotland upgraded its app this year to allow customers to apply for a personal loan or credit card or manage an overdraft while on the move.
By applying for a decent credit card or organising an authorised bank overdraft limit now, you've got a cheaper financial cushion available if needed.
It makes sense when you imagine the man-hours lost to handling paperwork to open an account or apply for a loan, the exorbitant fees for using your credit card abroad, having onerous overdraft charges and non-responsive mobile apps that can only transfer money and check balances.
Of course, the usual big charges may apply for overdrafts or bounced checks.
In the documents, the bank said the only difference with the new policy was that "we have decided to allow customers to exceed their available balance... if their account behaviour indicates they would would have qualified for an increased overdraft limit had they applied for one".
To count as special services, unauthorised overdrafts would have to be applied for (as with foreign exchange), and consumers asked whether they want the transaction.
I was turned down for an overdraft as a result.
