Problem with the account??

Bromarc

Hi Guys,

I have a Lloyds account, usually I pay my rent through this account by a standing order. Yesterday I cancelled the standing order because I am going to pay the amount through a different way. Also I must stress there is no money in this account as I have maxed it to the overdraft, so the balance is at NIL.
When I woke up thie morning I received an email from my Landlord explaining that the amount of my rent HAS been transferred into their account, when I went online and looked at my account on the internet banking it didnt show an amount being transferred into their bank as it usually does and there is also an amount of £20.00 debited from my account for a returned S/O.

Can anyone shed any light on this??

Many Thanks
Bromarc

~Beanie~

You cancelled the standing order too late and it has bounced, hence the £20 charge. Your landlord may have initially received the money but it will be recalled and he will soon see it disappear from his account again.

Bromarc

How long does it take before it reverses out of there account??

Thanks
Bromarc

Extant

Bromarc wrote: »

How long does it take before it reverses out of there account??

Thanks
Bromarc

No more than two additional days under BACS, but if it went by FPS (iffy with Lloyds) it's not coming back.

This seems very unusual, though - normally, if a STO is going to bounce, it will show as a debit/credit same day, rather than actually leaving the bank (since it's the bank that's bouncing).

Bromarc

Guys I have taken your advice on board with regards to the time scale as to when Lloyds will reverse the payment......but I am still confused and so are Lloyds Bank. I popped into there at lunch and the polish customer service lady looked into my account and saw a debit of £20.00 for a reverse payment but no figure of the full amount on the statement. I was in a rush so I went back to work......Theres more, I just popped into the branch down Oxford street and the lady mentioned it will reverse on the day the payment was tried to be made (which was two days ago, and still no reverse)

I am very confused....can anyone help, am I £1000 richer....Do banks make mistakes??