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cahoot overdraft question

Hi I have just signed up for a cahoot current account with a 250 interest free overdraft. Does this mean I can have a negative balance of 249.99 and not pay a penny in charges?With my RBS account I can be 99.99 overdrawn and they even pay me a penny interest when I leave my wages in to pay some bills by direct debit. I then transfer any money left, leaving -99.99, into a savings account, which I am going to close, as when I finally get my cahoot account up and running, with all my direct debits and wages transferred, I will get a cahoot savings account and transfer any excess money to that each month leaving a balance of -249.99. Thanks Jackie

Reply to
Jackie
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"Jackie" writed in news:AjJUe.106379$ snipped-for-privacy@text.news.blueyonder.co.uk:

Yes

Google for recent posts on this very subject - it seems the income is marginal

Reply to
Mike the Unshavable

At 23:42:40 on 10/09/2005, Jackie delighted uk.finance by announcing:

You can have a balance of £-250.00 and not pay a penny in charges or interest.

This is exactly what I do. It's not a great deal of profit at the end of the day, but takes no extra effort on my part so what the hell.

Reply to
Alex

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