Sometimes it’s just the general cost of student living, sometimes it’s an unexpected bill or expense. Whatever the reason, an Arranged Student Overdraft is a convenient type of short-term borrowing that can provide a short-term safety net on your current account.
What you should know
An Arranged Overdraft is a form of debt and is repayable on demand. Always make sure you have enough money in your current account, or a suitable Arranged Overdraft limit in place before any payments are due to come out of your account.