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Warning re. Co-op Bank Cashminder A/C and Visa Electron Card
Bollinge
Posts: 84 Forumite
I have one of the above on a basic bank account, and it's really very good.
The account is not supposed to be able to be overdrawn, but on occasion I have used the card to pay road tolls in Europe.
I have subsequently gone to the Cashpoint, checked the balance, OK - there's £52 quid in, I'll withdraw £50. You know how it is.
Sometime later the road toll transaction hits the account and....OD!
I think the first time it happened I was about a pound over, and the next time eighty pence.
Each time I got a stroppy standard letter (free), the last one referring to the first and stating "three strikes and you're out boy".
I guess they don't have time to do a full real time authorisation with foreign cards, otherwise you'd have a queue of traffic blaring their horns behind you. They probably just check that the algorhithm of the card number is valid.
I'm sure if I did go overdrawn a third time, and they threatened to close the account, I could write to them, explaining how trifling the amounts were, but like I said at the top, warning, beware!
The account is not supposed to be able to be overdrawn, but on occasion I have used the card to pay road tolls in Europe.
I have subsequently gone to the Cashpoint, checked the balance, OK - there's £52 quid in, I'll withdraw £50. You know how it is.
Sometime later the road toll transaction hits the account and....OD!
I think the first time it happened I was about a pound over, and the next time eighty pence.
Each time I got a stroppy standard letter (free), the last one referring to the first and stating "three strikes and you're out boy".
I guess they don't have time to do a full real time authorisation with foreign cards, otherwise you'd have a queue of traffic blaring their horns behind you. They probably just check that the algorhithm of the card number is valid.
I'm sure if I did go overdrawn a third time, and they threatened to close the account, I could write to them, explaining how trifling the amounts were, but like I said at the top, warning, beware!
0
Comments
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thanks for thisWinnings: John Deere Model Tractor:j
Losses: 2st0 -
I have one of the above on a basic bank account, and it's really very good.
The account is not supposed to be able to be overdrawn, but on occasion I have used the card to pay road tolls in Europe.
I have subsequently gone to the Cashpoint, checked the balance, OK - there's £52 quid in, I'll withdraw £50. You know how it is.
Sometime later the road toll transaction hits the account and....OD!
I think the first time it happened I was about a pound over, and the next time eighty pence.
Each time I got a stroppy standard letter (free), the last one referring to the first and stating "three strikes and you're out boy".
I guess they don't have time to do a full real time authorisation with foreign cards, otherwise you'd have a queue of traffic blaring their horns behind you. They probably just check that the algorhithm of the card number is valid.
I'm sure if I did go overdrawn a third time, and they threatened to close the account, I could write to them, explaining how trifling the amounts were, but like I said at the top, warning, beware!
As you state in another post that you have been bankrupt twice
Then maybe you should have lernt to manage your money better !!!!!!!!Official DFW NERD 189
I may be a woman but dont hold it against me:D
Officially declared Br 6/11/06
Discharged Br 4/5/07 (6 months to the day)
BCSC MEMBER 210 -
Point taken. As my pseudonym implies, I have Champagne tastes and beer money!
First time when I was made redundant twenty five years ago.
Second time when I had to pay massive legal fees over a dispute with a building society.
Never been so well off as today. Business is good, VAT up to date, paying taxman @ 40% rate.
There is life after bankruptcy. Best of luck.0 -
So if you are so well off why were you so daft as to not leave sufficient money in your Co-op account in the first place?
From all your posts today it would seem that you are just trying to circumnavigate the system to see exactly how much you can get away with.
Just make sure that it all doesn't catch up with you again!0 -
And... If I was so 'brash' as you are coming accross... get a mate to let you be an AU on a credit card and leave us all alone !0
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