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    • Power Kitten
    • By Power Kitten 3rd Dec 17, 1:58 AM
    • 194Posts
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    Power Kitten
    Halifax Overdraft Fees
    • #1
    • 3rd Dec 17, 1:58 AM
    Halifax Overdraft Fees 3rd Dec 17 at 1:58 AM
    Hello

    I'm a bit confused and wondered if anyone can help. I have a current account with Halifax and need some help understanding overdraft fees.

    They've been charging me the daily fee based on every £7 I borrow, which I understand is a newish development. But, I've just checked my account and have found they've charged me for the month, too, at £1 per day that I've been in my overdraft (which is planned; I've not gone over it). Rather inconveniently, this has left me with nothing to live on until I get paid next week.

    Surely I shouldn't be paying two different daily fees for my overdraft? I've reviewed their site and it makes no mention of this £1 daily fee in their overdraft guidance. Obviously I'll be giving them a call, but I wondered if anybody else has had this problem, or if I'm missing something?
Page 1
    • YorkshireBoy
    • By YorkshireBoy 3rd Dec 17, 2:05 AM
    • 29,614 Posts
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    YorkshireBoy
    • #2
    • 3rd Dec 17, 2:05 AM
    • #2
    • 3rd Dec 17, 2:05 AM
    The £1 per day charges are for October, under the old charging method, ie a month in arrears as they've always been.

    The new daily charges are for November, when they started.

    So there's a 'double cost' month (a catch up)...but don't forget you had a 'free' month (or even two!) when you first started using your overdraft facility.
    • Power Kitten
    • By Power Kitten 3rd Dec 17, 2:06 AM
    • 194 Posts
    • 43 Thanks
    Power Kitten
    • #3
    • 3rd Dec 17, 2:06 AM
    • #3
    • 3rd Dec 17, 2:06 AM
    They even have a message on their customer service line stating the changes to their overdraft fees, so this really makes no sense at all.
    • Power Kitten
    • By Power Kitten 3rd Dec 17, 2:08 AM
    • 194 Posts
    • 43 Thanks
    Power Kitten
    • #4
    • 3rd Dec 17, 2:08 AM
    • #4
    • 3rd Dec 17, 2:08 AM
    The £1 per day charges are for October, under the old charging method, ie a month in arrears as they've always been.

    The new daily charges are for November, when they started.

    So there's a 'double cost' month (a catch up)...but don't forget you had a 'free' month (or even two!) when you first started using your overdraft facility.
    Originally posted by YorkshireBoy
    Oh, I guess that makes sense. Thanks. The account had been under their Control service though, where my overdraft fees were waived. Hmm.
    • YorkshireBoy
    • By YorkshireBoy 3rd Dec 17, 2:14 AM
    • 29,614 Posts
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    YorkshireBoy
    • #5
    • 3rd Dec 17, 2:14 AM
    • #5
    • 3rd Dec 17, 2:14 AM
    Oh, I guess that makes sense. Thanks. The account had been under their Control service though, where my overdraft fees were waived. Hmm.
    Originally posted by Power Kitten
    I thought "Control" waived unplanned overdraft fees, not planned overdraft fees?
    • Power Kitten
    • By Power Kitten 3rd Dec 17, 2:20 AM
    • 194 Posts
    • 43 Thanks
    Power Kitten
    • #6
    • 3rd Dec 17, 2:20 AM
    • #6
    • 3rd Dec 17, 2:20 AM
    I thought "Control" waived unplanned overdraft fees, not planned overdraft fees?
    Originally posted by YorkshireBoy
    I'm not sure, to be honest. I had contacted them to report financial difficulties and they may have waived charges due to that as a goodwill gesture, rather than their Control rules.
    • jonesMUFCforever
    • By jonesMUFCforever 3rd Dec 17, 1:46 PM
    • 24,254 Posts
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    jonesMUFCforever
    • #7
    • 3rd Dec 17, 1:46 PM
    • #7
    • 3rd Dec 17, 1:46 PM
    I thought Control was £10 per month to avoid bank charges ie no returns fees or unauthorised borrowing fees.
    I didn't think you could get an overdraft facility if you used the Control facility.
    As these charges have now been abolished there is no need for this facility and the £10 charge has now gone.
    What goes around - comes around
    give lots and you will always receive lots
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