Has Your Overdraft Been Cut?? Any Answers?

naijapower

simon_templar wrote: »

There are numerous reasons the OD has been reduced. Ranging from amount credited per month to account conduct etc.

Abbey are not laying staff off at all, that is pure fabrication and nor are they a struggling bank. I think the person must be getting mixed up, Lloyds are laying people off left, right and centre.

Sorry, i am right 100%. I am based in Milton Keynes, where head office of Abbey is located. I play squash with an Abbey/Satander staff; hence my source.
By the way, all banks are struggling. It is just than some are in a bigger struggle

simon_templar_2

You are probably non essential head office, you should have made it clearer. The branches are not laying staff off, your post infers that they are because of money worries. Last year Abbey made huge profits and the share price continues to rise.

Goody67

Thanks for the link.... looks like I am not in the worst situation!!! Some of them are brutal. This must be the easiest way the banks have of recouping money at stroke. Also think that if they take £300 from a million overdrafts, they will boast about how they have 'made' £300m in their next set of accounts, lauding themselves about how they are fighting back the credit crunch! Or am I just a cynic??

dc110

The overdrafts is money they will have set aside so no it wont be treated in this way.

Sorry, i am right 100%. I am based in Milton Keynes, where head office of Abbey is located. I play squash with an Abbey/Satander staff; hence my source.
By the way, all banks are struggling. It is just than some are in a bigger struggle

A lot of companies (not just banks) have laid off staff but you state they are laying off staff left right and centre.

Unless we have different interpretations of that phrase you are wrong. Sorry.