Our Club Lloyds Silver account comes with the benefits of Silver, plus Club Lloyds benefits. Not be a student or unemployed. Check out our own finance student discounts with Student Beans to see if you can bag yourself extra perks using our discounts when. The level of overdraft that can be agreed with a. 68 Representative 6. If you're unable to visit a branch, please give call us on either 01733 347 007 or 0845 3000 000 (lines are open 24 hours a day). Our Shariah committee of two independent scholars has guided us to create an account that’s right for you. 20% off the initial mortgage rate. Your limit includes payments you set up for a future date and increases to existing future payments. You’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. The student current account from Lloyds operates like any other banking account and has a basic £1,500 free overdraft from month 10 in your first year. Get more financial flexibility. 0345 604 6705 if your policy starts with HBP. I've just been accepted into uni so I've been…17 October 2009 at 1:45PM. I have a Lloyds Silver Account (Just recently upgraded from the Classic Account online), and I wanted to apply for a small £100 overdraft for a month, but this was declined (Which surprised me !), I have never been overdrawn and always operated the account in credit, had it now for 5 months and never had a problem, so I was a bit surprised, and as I had successfully upgraded to a Silver. A credit card could be a flexible way to manage your immediate and ongoing credit needs, from making purchases, to consolidating existing debts. The Club Lloyds Platinum monthly maintaining the account fee comprises of: Platinum Account monthly maintaining the account fee of £21 per month; plus. Then select the Amend button next to it to change the payment details or Delete to cancel it. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. Make a new claim or get an update on a claim you’ve made. take out money from any Cashpoint® in the UK, or cash machines around the world. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. Customers who go into the red will still be charged interest and there is no change to the rate currently being levied of 19. Banking and Savings Accounts – 24/7, seven days a week. For full-time students aged 17 or over. Registered in Scotland No. Only one cash offer is available per customer. You can apply for an arranged overdraft if you have a Current Account, Reward Current Account, Ultimate Reward Current Account or a Student Current Account. Lending is subject to application and approval. However, it does let customers apply for an overdraft of up to £1,500 in Years one to. You can increase this to £2,000 in your 4th and 5th. Affordability rules – If a lender thinks you won’t be able to make the repayments, you can have your mortgage application declined. I have had a basic account with Lloyds for about 3 years or so (opened after a couple of years being a student) but after some terrible service from them I moved to Barclays who gave me a proper grown ups account about 2 years ago. Rates And Charges. Switch in seven days Switch your account to us within seven working days. You could get: £1,400 in your 1st year. An arranged overdraft is a pre-agreed limit, which lets you spend more money than you have in your current account. Smokeychan1 Posts: 11,533. Many banks offer special credit accounts for students. When i first upgraded my account i was told i could get an overdraft extension at the beginning of march, but when i tried to do it online today i was told i'd be waiting till april. You can appeal following any formally declined lending decision. If this happens, you'll either face a penalty fee or your payment will bounce. Interest Rate (AER): 2. We would like to show you a description here but the site won’t allow us. Halifax Current Account. The arranged overdraft limit can be up to £510 for the first 6 months, than you can apply to increase it up to £1010 in your 7th to 9th month of studying, and from the 10th month you can apply to. Internet Banking guideexpandable section. Contactless Visa debit card. Must be 18 or over and living in the UK permanently. Perks: cashback when you spend at certain retailers. The change in price over the course of a year gives us the rate of inflation. My student account has been activated but my applications for the £500 overdraft are being declined. We aim to keep our rates and charges clear and easy to understand so it's easier for you to make comparisons. your total deposit. I got an overdraft of £500 when I opened the account in September however it appears that I wasn't told that it was only temporary and that I would have to reapply in January '11 Low deposit – You usually need a minimum of deposit of between 5% and 10% to get a mortgage. Start university with a £500 interest-free overdraft. We'll do the rest, and don't worry your credit rating won't be affected and there's no. An overdraft occurs when something is withdrawn in excess of what is in a current account. I use this account purely for holding my student loan when it comes in. 5% APR Representative. From 6 April 2020, this will change as follows: Daily fees will be scrapped and daily interest will be charged instead. While Overdraft Protection may prevent overdrafts, it is subject to the following: If the funding account is a deposit account, then all available funds in that account can be used for. Banks can take several steps to mitigate challenges surrounding overdraft/NSF fee lawsuits and enforcement actions. You can open one even if you have a bad credit score. A short credit and/or repayment history. Although it’s not a dedicated Halifax student account, it offers all the everyday banking services a student may need. An unarranged overdraft may result in declined transactions. £21 monthly fee to maintain the account plus £3 monthly Club Lloyds fee, the Club Lloyds fee is waived each month you pay in £2,000 or more. Our Overdrafts. Make a new claim or get an update on a claim you’ve made. You can apply for an overdraft even if you didn’t have one on your Lloyds student account . How to clear your. 15% AER/3. Arranged overdrafts are pre-arranged with your bank – you can apply for one either when you set the account up or once it’s already open. An overdraft is where the bank lets you spend more than you've got (at no extra cost), up to a set amount. A typical interest-free overdraft is about £500, to help ensure that bills are paid even if someone doesn’t have enough money in their account. The box showing the overdraft facility is an 'invitation to treat' ie a potential facility subject to a credit check. 2 However, among overdrafters who think their debit overdraft would be declined, 54 percent wrongly believe they would be charged a fee. So i phoned up and they The benefits of a Lloyds Student Current Account include online banking, so you can manage your finances from anywhere and at any time, and link your bank cards with Apple Pay and Google Pay (from age 18+) for contactless spending. . Santander 123 student account: Free 4-year 16-25 Railcard that could save you 1/3 off rail travel in Great Britain. It can be a safety net to cover short-term outgoings, like an. To receive alerts about your existing savings account, text BSTART to 61119. As far as I know, you need to put £100 into your bank account and leave it overnight for the overdraft to be activated. I could do with the overdraft to prepare for uni though. 5%. Am so worried because this is affecting my credit file. Students who open a new Student account and pay in £500 between 1st August and 11. ¹. Lloyds Bank plc. In your first year of your studies you can apply for an interest and fee-free Planned Overdraft of up to £1,500 (subject to application and approval). Up to £2,000 in your 3rd year and any further years of. You can also make a claim online. 9% after. 6. Please speak to an adviser for more information. Lines are open 8am – 8pm, seven days a week. . An initial amount is set by your provider when you apply for your card, but this can change over time. Registered office: 25 Gresham Street, London EC2V 7HN. 39% gross variable interest on any money above £1,000. Repaying it is easy too. Student accounts. 5. With a debit card, you can: book or buy online, in shops, or over the phone. If you’re a student, you may be able to access a 0% overdraft. If Cora can’t help she will pass you on to one of our colleagues who can assist you with your query. The HSBC Student Bank Account is designed to cater to the needs of students during their academic years. If you’re off to university and looking for a cost-inefficient banking provider, Lloyds Student Current Account is a good choice. didnt have a student account and tried at natwest, lloyds tsb and halifax but got declined at all 3. To check your eligibility, we’ll need you to update your ideal overdraft amount in step 4. The Lloyds Student Current Account does not offer any free cash. However, it has increased the monthly overdraft fee from £5 to £. Club Lloyds - an account with a monthly fee and extra rewards, including credit interest and an annual lifestyle benefit With our Student Current Account, you can apply for an interest-free arranged overdraft of up to £1,500 in years 1 - 3 and up to £2,000 in years 4 – 6. If you don't have enough money in your account to make a payment, we may either let you borrow through an unarranged overdraft or refuse to. There are two types of overdraft - arranged and unarranged. For financial systems, this can be funds in a bank account. However, being in overdraft for too long could impact your credit score. Reclaim a dormant account. An overdraft limit is a borrowing facility which allows you to borrow money through your current account. The Barclays Student Additions account offers you a £500 interest-free overdraft during your first term. 91% fixed rates. Refused Overdraft at HSBC. I would definetely try and get another overdraft with another bank then use it to pay it back. The £100. There are also banks that offer online banks accounts (not necessarily student specific) such as Monzo, Revolut or Starling, which are quite good at helping you to track spending and set budgets. My overdraft was already less than the maximum for a first year student (I’m 2nd year) 750/1000 and had I a payslip of £1500 from last month as evidence of work. They wouldn't even let me do £100. My son has a student account with Barclays and he's just about to start his 2nd year at Uni. To do this online, log in and select the ‘Manage accounts’ menu. I am worried i might be a victim of some fraudulent activities because i have b. Repeat this until it's down to zero. The bank agrees to loan you a certain amount for a time and you can continue spending up to that limit. To qualify for the cashback, students need to deposit £500 by 31 October 2023. 13 EDT. The cashback will then be paid by 30 November. Subject to credit approval, overdraft protection provides between $500 and $5,000 of protection for most bank accounts, and up to $10,000 of protection for those who have an RBC VIP Banking account. com 23 July 2014 at 6:03PM Are you ever in credit? jonesMUFCforever Posts: 28,898 Forumite 23 July 2014 at 6:44PM Do you have more than one student account overdrawn?? Anything on your credit report which might help them to decline you?? Which year are you on now? jayquinn91 Posts: 3 Newbie 23 July 2014 at 8:39PM Thrugelmir wrote: » Lloyds Bank offers a current account designed to help students through their studies. I applied for an overdraft increase on my student account and it got rejected. 30pm to pay in enough to ensure the payment goes out, but you have until midnight to avoid a daily overdraft fee Up to 15% cashback at participating retailersGeneral Banking Queries Personal. The interest-free overdraft is a big draw, giving a consistent £1,500 limit through years 1-3 of university. Then your £500 overdrawn again. I had to fight to get the overdraft as i was declined at first but went in armed with my credit report asking why as there was nothing adverse on there. 13 years ago. Your money used wisely. Be prepared to pay up to $37 when you dip into the red. Interest-free overdraft. Or, you can open a Junior Cash ISA to make long-term, tax-free savings for a child under 18, which. Nationwide only has one account that is specifically for higher education students. You can find info for your nearest branch on our site. 4. 39% gross variable interest on any money above £1,000. Check your eligibility. You can’t have had a FlexStudent or FlexGraduate account on 31 July 2023. Your student account comes with an interest-free overdraft that you can request to increase each year you're studying. Try another bank, though. There is nothing negative showing on any of my reports and I am ranked 999 out of 999 on Experian, my Clearscore score is around 460 and 4/5 with my bank's own internal ratings (I know the scores dont particuarly mean anything - this is just an indication of how my report appears - good). Lloyds vs. Students can a apply for up to £3,250 interest free from year three onwards*. Student Account: Up to £1,500: Free £10 overdraft buffer and Student Credit Card (subject to application) Lloyds: Student Account: Up to £1,500 in years 1-3, then up to £2,000 in years 4-6: Free NUS Extra card, plus cashback offers: Barclays: Student Additions Account: £500, potentially increasing to up to £3,000: Various. As a result, prospective lenders can see at a glance that you not only have an overdraft but also what the limit is and the amount of the balance you're using. It has a limit that you can borrow up to if there isn’t enough money in your account. They wouldn't even let me do £100. Specify that you want to switch from another current account when given the option to do so. CHAPS payment - same day transfer to accounts held at any other bank. A free 4-year 16-25 railcard to save 1/3 on rail travel fares across the UK. Eg if you pay £100 off your £1500 Santander account, call them up and ask them to reduce the overdraft limit to £1400. June and July were the first two months after sweeping changes related to these services were implemented. Missed payments or going over agreed credit limits. * Eligible students in third year onwards can apply for up to £3250 from 2nd October 2023. Income tax calculator: Find out your take-home pay - MSE. Everything you get with the Classic account. Lloyds offers up to 15% cashback with Everyday Offers when you use your debit card at certain retailers. They won’t be able to do much but student overdrafts are normally given to almost everyone at 18 without any credit history so this is odd. Lines open 8am - 8pm, seven days a week. However post student accounts still keep your overdraft limit and just reduce that limit to 0 over the course of a few years. There’s a £3 fee for maintaining any of the Club Lloyds accounts (in addition to the packaged account fee), but it will be refunded each month if you pay in £2,000 or more. You can book by calling us on 0345 300 0000 ( +44 1733 347 007 from outside the UK). 0345 300 5177 if your policy starts with HAP. You’ll need to be 18+years, Subject to lending criteria. Club Lloyds Platinum. Sign boost;I'm in my first year at uni and have a current account with Lloyds and a student account with Halifax which has a £1000 overdraft. Club Lloyds current account required, £3 fee each month may apply. Debt is never a good thing, but a student bank account overdraft is an excellent buffer to keep up your sleeve, in case of. If you either pay in a qualifying amount or hold qualifying savings you could get a discount on your Silver fee. Signs up;expandable section. The Lloyds Student Bank Account. Mon-Fri: 8am - 6pm. smj43 Posts: 385 Forumite. Hi =] I hope you're well =] I was with Lloyds for my student account; over three years you can have an overdraft of up to £2000. 1 Overdraft rates and fees This current account comes with an interest-free and fee-free Arranged Overdraft. It is always maxed out because I stooze the money into savings accounts. Starting with £500 for the first six months. Overdraft text alert service. Everything will transfer over safely and securely in seven working days. 22/03/09 - 22:46 #14. You must be 18 or over to apply. That’s $600+ each year they’re handing back to the bank in fees!. With this Student Account, you can apply for an interest-free tiered arranged overdraft of up to £1,500 in Years 1 to 3 and up to £2,000 in years 4 to 6. Up to £1,700 in your 2nd year. Add-ons and services for all existing current account customers. Some building societies or mutually owned financial institutions find out from UCAS or something. E14 9SR. You’ll have to pay about 3 to 4% of the amount you’re transferring, but what you owe will move onto the card at 0% interest. These transactions may include: debit purchases. I'm switching everything to Lloyds TSB and applied for an overdraft online a few weeks ago and also today, both said ''I'm sorry, your overdraft request has. bill payments and pre-authorized debits. Transaction fee of 2. Royal Bank of Scotland. How to check your credit score. Bank: Lloyds Bank . Add a second person to your account. If they cannot help me then I will talk to Lloyds TSB. You can appeal a decision relating to any business borrowing facility such as loans, overdrafts, commercial mortgages, business credit cards, invoice financing, asset finance and trade finance. well i finally became 18 and still working from 17 also College and EMA going in. Proof of home address. All of the benefits you get with the Classic, Club Lloyds and Platinum accounts. I have an account with HSBC which I've had for 6 years. When I turned 18, they upgraded my account to HSBC Advance, but then after 1 month it. Important legal information. You can apply for an arranged overdraft if you have a Current Account, Reward Current Account, Ultimate Reward Current Account or a Student Current Account. didnt have a student account and tried at natwest, lloyds tsb and halifax but got declined at all 3. There are two stages of overdraft you need to know about: Arranged overdraft – Sometimes called a 'planned', 'authorised' or 'agreed' overdraft, this is the amount pre-arranged with your bank that you're allowed to 'borrow' in your current account. An interest free tiered arranged overdraft of up to £1,500 in years one to three of study, which can be extended up to £2,000 in years four to six, where studying is. In this guide we explain why this happens and how to improve your. Regular payments, like Direct Debits for bills, with be moved over to your new account. Our Club Lloyds Platinum account comes with the benefits of Platinum, plus Club Lloyds benefits. Online at Lloyds Bank. They’ll want to be sure you can pay back anything you do borrow in the future. If you’re off to university and looking for a cost-inefficient banking provider, Lloyds Student Current Account is a good choice. The TSB student account offers an overdraft facility, and there’s no interest to pay if you keep below the limit you’ve agreed with the bank. You can also get an arranged overdraft of up to £1,500 for the first 3 years of your degree, rising to £2,000 for years 4 to 6. Registered office: 25 Gresham Street, London EC2V 7HN. I had a perfect storm that has got me into unplanned overdraft trouble. However, it does let customers apply for an overdraft of up to £1,500 in Years one to. Interest-free overdraft. 2065. You could lose your home if you don’t keep up your mortgage repayments. If you’re off to university and looking for a cost-inefficient banking provider, Lloyds Student Current Account is a good choice. Tomorrow however, I am going back into the branch to put this to them. Insurance. Registered in England and Wales No. written by on 04/10/2010. Club Lloyds. Phone: up to £10,000. To reiterate, you can't blame the bank for going overdrawn when they don't actually know about your card spend. The first option is paying a standard overdraft fee of $35 for every overdraft or declined transaction with a limit of four per day. Students will need to pay in at least £500 each term from the date they open their FlexStudent account. For example, if you don’t pay back the overdraft by the deadline. Free four-year 16-25 Railcard Student for existing current account customers who switch to a student account. Another trick is to use your personal details to call your provider to either: swap your number to a new SIM card on the same network, or. Log on and find or search Everyday Offers. ¹⁶. No reviews yet. Earn credit interest on your money - on balances up to £5,000, when you pay out two different Direct Debits each month. Choice of Cashpoint card or contactless Visa debit card. First 6 months from account opening - Interest-free arranged student overdraft = £500. I got an overdraft of £500 when I opened the account in September however it appears that I wasn't told that it was only temporary and that I would have to reapply in January '11Low deposit – You usually need a minimum of deposit of between 5% and 10% to get a mortgage. To do this you will need your: Current debit or account details. Our Overdrafts. Mortgages – Monday to Friday, 8am to 8pm, and Saturday 8am to 4pm. To receive alerts about your savings account application, text ASTART to 61119. This tiered student bank account offers a 0% overdraft of up to £500 in the first six months, which goes up to £1,000 for the next three months and the full £1,500 after that. Please check with your phone provider to see if you will be charged to send SMS messages. 15 hours ago · The two people killed when their car crashed into a border checkpoint in Niagara Falls and exploded in a fiery wreck were identified Friday as a western New York. Our grace period means that you have until 2. Repayment term / Payments. Email: complaint. Valid 2023 Lloyds Bank student discounts, voucher codes and deals. You can get your income paid into your new account. Our wait times are longer than usual. Reply 5. On top of this annual interest payment, they would also be faced with charges of up to £10 per day that the account was overdrawn, £6 each month and as much as £30 for each day that unpaid. Registered office: 25 Gresham Street, London EC2V 7HN. Arranged overdraft cost calculator. Goldman Sachs paid professional golfer Patrick Cantlay more than $1 million annually for the past four years in a sponsorship deal linked to the bank's consumer. RBS’s 0% overdraft has a high ceiling of £3,250 by your third year and the chances of obtaining it (eventually) are quite high. Find out more about the perks of the Lloyds Bank Student Current Account,. This means you won't pay any interest on the money you borrow (provided it’s within the account’s arranged overdraft limit). I don't need this, I see it when I am using online banking. Challenger bank Starling offers 15% for customers with the best credit score, but you may get a rate of 25% or 35% instead, depending on your score. She's a home maker, so declared £0 income etc. How does an overdraft work? 3. 67. Original post by martin7. You can also apply for this account by calling us on 0800 015 4000 (Line are open 9am – 6pm Monday – Saturday) or by booking an appointment at your nearest branch. This is normally £500 in your first year; £1000 in your second year and then £1500 in your third year. 30pm to pay in enough to ensure the payment goes out, but you have until midnight to avoid a daily overdraft fee: Up to 15% cashback at participating retailers: Source 1 Source 2: Halifax Student Current. Online Banking. 3. This includes a contactless debit card and mobile banking. Account opening is subject to our assessment of your circumstances. Find out more about the perks of the Lloyds Bank Student Current Account, including its interest-free overdraft and the cashback programme with Lloyds’ retail partners. £1,500 0% overdraft in years one to three. An arranged overdraft allows you to borrow up to a limit based on your requirements and personal circumstances and agreed with us in advance. Choose a yearly benefit from: you have held a Student Current Account with Halifax; you do not deposit at least £500 into your account by 31st October 2023. No reviews yet. Santander - 123 Student Current Account. Best bank accounts: Get up to £200 to switch or up to 8% interest - MSE. Yes it has happened to me with Halifax. Lloyds Bank offers a current account designed to help students through their studies. If you are automatically and instantly approved then the money will be made available instantly in your account, which can just be spent as if it were cash in your account. If you’re approved, your Interest-free overdraft limit is £500 year one term one. There are two types of overdraft - arranged and unarranged. The main changes to the Lloyds TSB overdraft fees are: The £15 a. Year 2: £2,000. See how well our services are working, check on any planned work we’ve got coming up and what it might mean for you. It’s free to check and won’t impact your credit file. 11 years ago. How to get out of your Lloyds overdraft 5. I currently bank with Lloyds TSB and have an overdraft of £200 which i've had for over 12 months. sunflowerjazz wrote: ». In some cases, banks will expect you to be paying in at least a certain amount per term. Banks automatically decline onetime debit and ATM overdrafts without a fee unless the customer has opted to have such transactions processed for a fee. Smart Start guides and tips. your credit rating. Joint accounts. An everyday spending credit card could be a useful way of staying in control of your finances. Representative example: Based on an overdraft limit of £1200 charged at 39. I went into branch today and they said they aren't able to contact the. Best For Encouraging Saving: Bank of America Advantage Banking. Lloyds Banking group has overhauled its overdrafts costs, meaning the 22m customers of Lloyds, Halifax and Bank of Scotland are facing big changes. You can then go up to £2000 when you graduate (your account becomes a graduate one). Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Customers on most accounts will be charged a flat interest rate of 39. NatWest. Please just make sure the policy holder is with you when you call. Anyone who is in their overdraft will see the amount they owe on their credit report. Regulators have also been taking a hard look at such. You get the option to increase it to £2,000 in your fourth year of study if you do a longer degree. smj43 Posts: 385 Forumite. My student account was £2000 interest free for a few years. Our specially trained colleagues are by your side to support you. This is called an overdraft. 29 April 2010 at 10:43AM. Our instant access Child Saver is a variable interest account that can be opened by an adult to save for a child aged 15 or under. 00% AER on balances up to £5,000 • Interest. All done, activate the offers you're interested in. Hey, I'm looking to extend my overdraft with Lloyds but so far i'm finding it impossible to get anywhere with them. 7% APR, annual interest rate (fixed) 6. Lloyds said it has offered 130,000 customers an extension to their interest-free overdraft of up to £500 for six months. Lloyds Bank plc. There'll be no fees for missed payments. Website: Find the Lloyds Bank contact information you need to make a complaint or leave feedback. 30/06/10 - 16:45 #11. However post student accounts still keep your overdraft limit and just reduce that limit to 0 over the course of a few years. 05 * 100 = £1. Lloyds bank student overdraft. 114K subscribers in the UniUK community. those who held a Lloyds student account. Freebies. Online: up to £25,000. Club Lloyds Platinum. TSB Student Account. To obtain yours, go. Does an overdraft affect your credit score? In short, yes, your overdraft could affect your credit score. Ok, well basically I got accepted for a co operative student bank account a few months ago but I missed the deadline; so I did it again and I left it as I thought I wanted to go with another bank again. Sat: 9am - 1pm. Use the links below to see how much interest you’re earning or being charged, or call us on 0345 300 0000. Club Lloyds Platinum Account. You can book by calling us on 0345. Must be 18 or over and living in the UK permanently. 3 June 2012 at 11:20AM. Not all banks will open a student account for 17-year-olds, but a few do, including Bank of Scotland, Lloyds, NatWest, RBS and. Factors which can affect your credit score include: County Court Judgments (CCJs), Individual Voluntary Agreements (IVAs), and bankruptcy. Bank: Lloyds Bank . 25. Further advice on fraud. Find out more: best packaged bank accounts;. We’ll always consider an unarranged request and will make the payment if we can, subject to status. Lloyds Bank has collected 1057 reviews with an average score of 2. Write a review. Important legal information. natwest have reduced the overdraft charges though, so you wont be raped so badly. 5 billion more in fees over the course of a. Read this article to learn everything i need to know about a students bank account with Lloyds. The Lloyds Classic current account enables you to carry out all of your everyday banking transactions with no monthly fee. CPD99 is a marker that lloyds apply to accounts if there is something they don't like either in the account behaviour or in the feed they get from the credit file. If you use an arranged overdraft above this amount the annual rate of interest is 35. The Lloyds Student Current Account 0% overdraft limit is tiered: £500 for the first six months; £1,000 in months seven to nine; and £1,500 beyond that. When I turned 18, they upgraded my account to HSBC Advance, but then after 1 month it downgraded. You can apply to increase the overdraft up to £2,000 from term two year one. The Lloyds Student account offers a potential overdraft of £1,500 in the first three years of your degree and up to £2,000 in any further years. ¹⁶. 00%. Firstly, this is my first post, just joined, so hi everybody :j. Regions Overdraft Protection may be used to pay checks, ACH transactions, and other items when payment of those items would overdraw the checking account. Lloyds Bank offers a wide choice of current accounts, including:³. Lloyds Bank plc is authorised. If you have a current account, your bank may agree to let you use an extra amount of money when you have no money in your account. So i went into my local branch and they said i had to wait till the 15th, so. The information they hold helps us to understand your track record of using and managing credit, spanning at least 6 years. Reading the graduate account page on this site, it looks as if they can provide me with a £2000 overdraft. Arranged overdrafts. I have absolutely zero money, already had 4 short term loans off the uni and my parents can't. I have put off this for years but want to sort out once and for all and get on with my life. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.