Charging methods on Barclays current account, avoiding by Faster Payments?

p1an0player

Following online transactions on Saturday (yesterday), I've gone over my Barclays current account overdraft limit by about £300. I can see this because the "Current Cleared Balance" on online banking is -£3,300 whereas my overdraft is £3,000. (However "Last Night's Balance" is -£2,000).

Can anyone help with the following:

1. The transactions which make up the Current Cleared Balance include direct debits dated 11/08/08 (tomorrow). Even though they show on online banking as having gone out, could they still bounce?
2. What will I get charged? It looks like it's capped at £30 a day but I'm not sure.
3. Yesterday I tried to pay money into Barclays from a Lloyds account using Faster Payments however this hasn't worked yet, even though they are supposed to go through quickly even on weekends. Any thoughts on how else to minimise the charges?

Thanks

Milarky

Sorry, there is a provision with Barlcays for amounts up to '£5' beyond your overdraft to no attract charges - but not '£300' - so I think you will be charged.

Had Faster Payments worked Barclays would have had the money in the account as an 'overnight' receipt that might have successfully offset the items due for payment and, from being bounced, overted any charges.

[See the other thread on this board about Lloyds and FP] Lloyds won't process an instruction for a payment over the weekend anyway at present - so that customers can only make FPs - by direct request - during Monday to Friday. (And even then, that's when it works. Lloyds wasn't even connected to FP this morning and payments out were scheduled via BACS to leave Tuesday!)

Your best bet is to go in to Barclays today with your cash and apologise profusely over not being able to get it to them sooner. (Who know? banks charges aren't exactly 'legal' after all?)

Update: If you'd still had the cash in your Lloyds account today then it is possible to draw the available balance as cash 'over-the-counter' of your branch using just theATM card with PIN (sufficient ID?) I was able to draw £1000 today - the amount I requested - that way. Useful to know as a fall back for future occasions...

p1an0player

Thanks.

I also asked a friend to transfer some cash from a Nationwide account late last night, also hopefully using Faster Payments. That hasn't arrived.

Strangely my Barclays account still looks the same, no bounced direct debits. "Last Night's Balance" is still at -£2,000 and Current Cleared Balance still at -£3,300.

I'm off to the bank to deposit some cash pronto.

Milarky

Only...
HSBC/First Direct OR
RBS/Natwest

(and of course Barclays!)

Can send AND receive by faster payments at present with LTSB out of commission

In addition

A&L ,
Halifax,
Some Co-op branches in the North can receive

..but sending? doubt it?

One or two Nationwide customers with a certain sort code are understood to be able to receive (but probably not send)- certainly 99.9% of NW customers can't at present.

Other banks can't do either receive or send....