I paid someone a cheque a while ago and they've paid it in today. Problem is, there isn't enough available cash in the account and it's gone to -£10 BUT There is just enough in the actual account (when I look onthe internet)because I paid some money in the other day but it just hasn't quite gone through yet. Am I gonna get charged £30 or summat? ****
I believe that you will be charged unless you have an arranged overdraft They can only now chrge you a reasonable charge for the administration of sending out a letter etc
If your bank has 24h telephone banking, ring up straight away and explain your predicament. I had the same thing happen a few weeks back with Lloyds. Their rule is that if you go beyond your overdraft limit, you have to rectify it the same day to avoid the charge. I rang up in the evening and was given a temporary extension to my OD limit to cover me until the money I paid in went through. I would ring them ASAP.
RE: I believe No I don't have an overdraft limit It's unfair though because it's the banks system's fault because it takes so long for money being paid in to actually go into the account. Is there any way I can argue my case?
Just rang someone up at Abbey, even though they don't have 24h telephone banking. Spoke to a bloke going on about because it says a negative amount, I may get charged but because it's the first time I've gone over the money I've got they may cancel th charge if the money goes through soon or summat. I just don't see how it's fair if they do charge me, if I paid some money in over the weekend, and also my mum puts £20 into the account over the internet on the 17th of every month and that hasn't gone through yet either. It's not my fault that they take days to get the money across. Also how is it fair that I possibly get charged £30 even though the amount of money it says I havn't got available for the cheque is -£10. It's unfair, if it wasn't for me only being 16 and not having much of a clue about this stuff I'd take them to court.
Are you sure because it states it can charge me £35 their website for the current account I'm on. Here's the link if you can make it out better than me http://www.abbey.com/csgs/Satellite...gename=Abbey/GSDetalleProducto/GS_DetProducto
You may be ok 4 If you're aged between 16 and 18 we'll automatically let you off 2 charges a year instead. In addition, if you are having accounts managed by our debt management team this does not apply.
RE: You may be ok Thanks, should have read the small print. Well that's made me a lot happier. Thanks
If you go overdrawn for a day or so and they want to charge just tell them that you will move your account.... or better still ring them and say you think it may go over ....
Minors do not have contractual capacity, if they get into debt it cannot be legally enforced against them. Banks are well aware of this. </p> Having said that it wouldn't do much for your future credit rating if you started playing silly buggers with them (I'm sure you wouldn't).</p> Best thing to do, if they charge you, is to phone them and tell them politely that you're only 16 and you're sorry you've made a slight miscalculation. I'm sure they'll see common sense and reverse the charge.</p> </p>
Thanks, well if they do charge me, even after what the small print says on the website, I know what to say in my defense. That tw@t on the phone could have told me all this if he'd have let me get a word in edgeways to tell him I was only 16.
Typical young people spending money they haven't got! economic prosperity in this country has bred a generation of spoilt brats!
RE: Typical young people spending money they haven't got! Eyy! I'd paid enough money in (that I'd earned working for my dad by the way ) it was only that it hadn't gone through quick enough.
