Halifax Interest Charges Query

JaRocks28

Hi all,

I'm really just looking for some confirmation, basically i think i must of used my halifax card before christmas to buy something and only just realised I was £40 overdrawn within my agreed limit. Basically, I am aware of the £1 a day but will this apply to the small balance? As it was 21 days i was overdrawn, will I be charged £21? I used to be charged pence..

Thanks for your replies in advance.

yorkshire_laura

yes thats correct - and the reason i've switched banks! stupid charges imo!

JaRocks28

i think i might cry!! haha, that is a joke! i dont even know why i used the card! i hate myself for doing it now! how do you close a Halifax account, do you have to go in to a branch or can you write in, phone up?

Andystriker

JaRocks28 wrote: »

i think i might cry!! haha, that is a joke! i dont even know why i used the card! i hate myself for doing it now! how do you close a Halifax account, do you have to go in to a branch or can you write in, phone up?

Why don't you keep the account open with £1 in credit. Then pay £1,000 through the account each month and get £5 off them. In 5 months you will have got your money back Plus £4 and in 12 months you will be £39 up.

JaRocks28

I could yeah - But my salary gets paid in Natwest as this is the only place they will pay a wages to and i would have to transfer it in and back out again and as most of my D/Ds are due on the 20th i dont think i would be able to do it and avoid charges with Natwest. Think i will just call it an expensive lesson learnt and close my account.