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Token payments and overdrafts
We are changing our bank accounts to one basic one today. This will mean leaving two overdrafts of about £600 each behind. These have always been paid off each time we've been paid and then overdrawn again at the end of each month.
I am also sending token payment letters today but am a bit confused - will I send them to the overdraft banks too even though we haven't actually missed a payment yet as there's been no regular payment set up?
I am also sending token payment letters today but am a bit confused - will I send them to the overdraft banks too even though we haven't actually missed a payment yet as there's been no regular payment set up?
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