From: Ronald Raygun 
Subject: Re: Unauthorised Overdraft Charges
Newsgroups: uk.finance
Date: Sat, 21 Apr 2007 18:08:42 GMT

Andy Pandy wrote:

> Informal overdrafts expire after 31 days, but there's no mention of how
> long formal overdrafts last, they say they'll send a letter spelling out
> the terms.
> 
> I imagine the usual policy would be to give indefinite overdrafts to
> "reliable" customers, if they don't I don't think they'll have many
> customers left....

I once presented a cheque which I wanted to draw on immediately (or the
next day), and asked at the branch if that would be OK.

Unsurprisingly, they said no.

Surprisingly they didn't offer, but when I ventured to ask whether
they'd consider giving me a temporary overdraft of £4k, they didn't
hesitate to say yes.

That was about 7 years ago, and the facility is still there.