Overdrafts

Thinking of an overdraft? They're probably one of the easiest ways to get quick cash.

Well, they used to be anyway. Because now you've got SameDayCash. SameDayCash is a totally new way of borrowing money until your next payday that can eliminate you having to use an overdraft. SameDayCash is a great alternative to borrowing from the bank because it's a straight forward cash advance loan that doesn't encourage debt.

Why get a SameDayCash instead of an overdraft?

The advantage of getting an overdraft is that it's fast and convenient, but along with convenience comes a price. Generally, unauthorised overdraft interest rates are higher than personal loan rates. In addition you may be charged administration fees and, if you go over your limit, further charges.

SameDayCash is completely different. It's the ultimate payday loan that helps you life your life until your next payday. You can borrow between £200-£1000 pounds, depending on your SameDayCash trust rating. Put simply, the interest rate is £1 per £100 per day. Select how much you would like to borrow and the date you promise to pay it back and SameDayCash calculates exactly how much the repayment will be before you apply.

Overdrafts: Risky business or convenient cash?

Research shows that UK consumers are charged an average of £45 every time they take out an unauthorised overdraft, not to mention interest rates on top of that.

Constantly overdrawing from your bank means you keep relying on that little bit extra every month that's not there. SameDayCash only encourages responsible borrowing. We recommend only getting a loan for what you can pay off by your next payday.

So why do people bother with getting an overdraft?

People use an overdraft because they are easily accessible and quick - but SameDayCash's got them beat. With an easy online application and quick approval, you could have your fast loan within an hour of applying. What's more, you don't even have to leave your home. There's no faxing, photocopying, phoning or queuing! It doesn't get much quicker or easier than that.

SameDayCash: your new alternative to overdrafts

In the UK, over 21 million are permanently overdrawn on their bank account. If you find yourself running into an overdraft for those must have purchases that just can't wait until payday, getting a SameDayCash loan is a sensible idea.