Switch/debit Charges!!!

frankey99

Hi There,
Just a quick question i got a charge of 7p from HBOS for the amount of switch/debit payments i made from my bank account is this normal practise?? Or are they cashing in cos nobody uses cheques or cash any more?? I think it's a con!!!!!:mad:

jonesMUFCforever

What does it actually show on the statement (the narrative)?

Could it be interest charged?

frankey99

it says interest debited and at the end of my last statment it says interest to be debited next month 0.07p!!!!!!!!!:mad:

YorkshireBoy

It's 'debit interest', and incurred because you used your agreed overdraft facility last month.

If you don't want to pay interest don't use the overdraft facility.

jonesMUFCforever

frankey99 wrote: »

it says interest debited and at the end of my last statment it says interest to be debited next month 0.07p!!!!!!!!!:mad:

So its nothing to do with a charge for using your card.

Kavanne

Er.. you borrowed money (overdraft) from the bank so they are charging you interest for it... geddit?

Note a charge for USING your debit card, but a charge for USING the borrowing facility of the overdraft.