Is It Legal

STRESSED

First Timer
Could Anyone Tell Me If Banks Are Allowed To Take Money Out Of A Bank Account Without A Dd Or Standing Order,i Have My S.d.p Paid Straight Into My Bank

Pitlanepiglet

Welcome..what was the money taken for? Was it bank fees or to service an overdraft or loan?

foxxymynx

It depends on the circumstances.

Why was the money taken out?

allydowd

As a bank customer you have the right to decide where your money goes from an account. This is known as 'First Right of Appropriation'. This is a useful short term fix for people experiencing difficulties with their bank. Basically you write them a letter stating what you want your money to be used for before it it used for debts of anything else. They can't then take your money for their purposes until you've used the money for your purposes.

Read this thread for a sample letter:

Right of Appropriation link

STRESSED

thankyou for your replys


i closed my currant account with the halifax and set up a new DD with my new bank for the loan payment but kept my savings account at the halifax They took the money out for a personnal loan i have with them my payments should be £240 amonth but they have been taking £400 i am sorry if you are confused imagin how i feel

new to computer talk still learning

Biggles

Your loan probably incorporated an agreement that they were to take the fund from your Halifax account, that would be normal.

You should have set a SO up to pay the money from your new bank to your Halifax account each month before the DD was due.