Posted on Leave a comment

This should be relatively straightforward to do

This should be relatively straightforward to do

These loans are also, typically, more expensive than the other forms of credit that we have discussed thus far in this guide

The next thing that you should do after finding the account that you wish to open is to formally apply to open it. You can either go into a branch or, with some banks and building societies, you may even be able to do the entire thing online from home. Once you have applied for the account to be opened, the chances are that you will be accepted for at least the current account itself. After this, you will probably find out what limit you are going to be set for your overdraft, there will be some room to negotiate on this figure but normally not much. However, if when you are given your overdraft limit you find that it is too low, then you can still think about getting another account with a similar setup and using them both at the same time. At the time of writing this article, Nationwide are currently offering a current account called the Nationwide FlexDirect, which allows new customers to access an interest free overdraft for the first 12 months of the account. Continue reading This should be relatively straightforward to do