Overdraft limit
Cards & borrowingThe maximum amount you can go below zero on your current account.
Overview
Overdraft limits are set by your bank and can change over time.
Using most of your overdraft can indicate financial strain.
Why it matters
- High usage can affect affordability checks.
- Overdrafts are credit and may be reported.
- Fees and interest can add up quickly.
FAQs
Does an overdraft limit affect my credit score?
It can if the overdraft is reported and used heavily.
Can I increase my overdraft limit?
You can request a higher limit, but approval depends on your bank.
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