Current Accounts Overdrawn after BR

FacingReality

Hopefully someone can advise.

I have had current accounts with NatWest and one with Barclays for many years. I opened a Co-op one for my BR.

I thought I had cancelled all Direct Debits on the Barclays and Natwest accounts and have no intentions of using them and expecting them to be frozen but some insurance payments have been taken out of the Barclays account, putting it overdrawn (by about £11). This is since I have gone BR though I don't yet think Barclays or Natwest know I have gone BR yet.

Is it advisable for me to transfer the money into the account to cover it and then informing Barclays I am BR or would putting money into the account be seen as preferring creditors? I am a little worried it could be seen as obtaining credit after going BR, whereas it was just a pure oversight.

Can anyone tell me what they think is the best option.

antarctica

I don't think you should put money in the account to cover it if these accounts were included in BR.

maxmycardagain

not your concern m8, not if the accounts were listed on your BR forms, the OR should have told the banks, who should have shut em down.

do NOT pay in any money to pay em.


"BR: 23/07/2009" - well they dont move that fast!

peachyprice

You will have to put the account back in credit to avoid any bank charges, which you will be liable for as they are post BR. I presume you still have the insurance policy and it's something you're going to continue to use, so it's acceptable that the preium is paid.

You are allowed to obtain credit while you're BR, the only condition is that if it's over £500 you have to tell them you are BR.

peachyprice

antarctica wrote: »

I don't think you should put money in the account to cover it if these accounts were included in BR.

maxmycardagain wrote: »

not your concern m8, not if the accounts were listed on your BR forms, the OR should have told the banks, who should have shut em down.

do NOT pay in any money to pay em.




"BR: 23/07/2009" - well they dont move that fast!

Sorry, I disagree, they haven't taken money from OP, they've paid their insurance premium, which had to be paid regardless which account it was from.

If the money isn't paid back you've used the BR account to pay your insurance after your BR date.

antarctica

But they're not the OP's accounts any more to put money into, surely?

FacingReality

Differences of opininon then!!!

I am minded to pay it back then tell Barclays of my BR before they stick bank charges on it, especially as they were incurred after BR.

I went overdrawn a small amount for a day or so in my NatWest account while I was trying to get my current accounts sorted with little money in them. They've charged me £12.95 bank charges! I was never overdrawn by that much in the first place. This was pre-BR so they can whistle for it.

antarctica

I am sure that the other two have more experience of this than me, but I just thought that once BR you weren't meant to interfere with your accounts at all as they're not your property anymore.

You could always call the insurance people and tell them that the premium was paid from your old account by mistake and under the DD guarantee they should refund it, then you could pay it another way?

maxmycardagain

and the OP should ensure his INSURANCE is continued as a bounced payment will cancel it...

he should have moved the DDM before going BR

the OP shouldnt even have access to pre-BR accounts, his card should have been handed in/cut up and online access should be blocked, as for going into the branch, well, i wouldnt......

FacingReality

Not sure if I have done the right thing or not but I transferred the money from my Co-op account a little earlier.

The Insurance Policies are from Barclays themselves, and as such aren't in my Direct Debit list which is why I forgot about them when I cancelled everything else pre-BR though they get taken out monthly, they were set up a long time ago.

All my cards apart from the Co-op one were cut up on BR day though they haven't yet been sent to the OR as I am still getting everything togerther that he wants. I have to say, my wallet is a lot thinner now all the cards aren't in there

Looks like I have boobed on this one.

tigerfeet2006

Several people on here have had banks do this or add charges or paid themselves for loans etc. after BR and it has all gone into the BR.

If you are worried send your OR a quick email to ask their advice.