Overdraft Removal

luke198127

Hello.

I had a relatively large sum of money payed into my bank account and the next day my bank, God bless them, removed my overdraft. There was no warning or notice, and I have still not received a letter informing me of what they have done. I only found out when I went into the branch.

I wanted to know is there anything I can do regarding this? Are the bank(Halifax) within their right to do this?

Regards

Luke

bengal-stripe

luke198127 wrote: »

Are the bank(Halifax) within their right to do this?

Yes, they are. Any overdraft is ‘payable on demand’.

That’s the nature of the beast!

borgbaiter

hi

within their rules yes, morally its not a good thing for them to do. you need to know their reason really.

ultimately all you can do is vote with your feet and move banks.


Borgbaiter

luke198127

Thanks for the replies, I will indeed be leaving the halifax.

ljcb123

Hi
The same thing happened to me when I paid a large sum of money into an account with an overdraft. They removed the overdraft then I had no money left to withdraw. I rang up their HO and complained to no avail, eventually after an hour on the phone with a really horrible person (who I have since made a formal complaint about) who patronised and upset me, I gave up and went into my local branch the next day. The manager in the branch rang up HO for me and they said as long as I could bring in documents to support the fact I needed the money to pay bills and live, they would re-instate my overdraft. This is what they did. Saying this though I have since had more problems with the Halifax and have set up a new account with a different bank. I am trying to reclaim charges of over £8K from the Halifax. they are the most unhelpful, uncooperative bank ever!!! hope this helps though.