keep getting charged for not using account

spongerob500

I have a Natwest account that is over the authorised overdraft limit. I keep getting charges, I cant pay for them. What can i do? can i get it frozen or something? I dont put any money in or withdraw any in this account. any help would be great.

natweststaffmember

spongerob500 wrote: »

I have a Natwest account that is over the authorised overdraft limit. I keep getting charges, I cant pay for them. What can i do? can i get it frozen or something? I dont put any money in or withdraw any in this account. any help would be great.

How much are you being charged? When did the charges begin?

spongerob500

from about february this year. They are about £28 a month and its about £150 over my arranged overdraft. I cannot afford to pay it though. what do you suggest?

mandij30

Same things happening with me, with HSBC, I have transfered all my banking now over to another bank, hoping the endless charging would stop with HSBC, but they continue to charge me £125 a month, even though I am no longer using my HSBC account.

I got some gd advice from here, and she drafted a template letter for me.
Requesting that HSBC freeze all charges and interest, and if they comply then I would make a token payment to them each month to pay off the debt.

Sent my letter yesterday by recorded delivery.... fingers crossed they respond, and adhere to my request.

All the best with your problem matey

Margin_Walker

mandij30 wrote: »

Same things happening with me, with HSBC, I have transfered all my banking now over to another bank, hoping the endless charging would stop with HSBC, but they continue to charge me £125 a month, even though I am no longer using my HSBC account.

I got some gd advice from here, and she drafted a template letter for me.
Requesting that HSBC freeze all charges and interest, and if they comply then I would make a token payment to them each month to pay off the debt.

Sent my letter yesterday by recorded delivery.... fingers crossed they respond, and adhere to my request.

All the best with your problem matey

Hi mandij30

When charges are posted on your account they are the result of transactions that occured at least 21 days before the date they are applied to ensure that you are pre notified. This means that you may have stopped using the account in the May and still have charges levied in June for example. Provided you have you have cancelled all your direct debits and standing orders you wont accrue any further charges as they are made per transaction rather than per day in an unauthorised overdraft. You should find that only debit interest is applied on the overdrawn balance in future.