HSBC Overdraft questions

Johntea

I have a HSBC bank account (Just a standard current one) - Well I have 2 actually which is where this post is going!

I recently had to make a cash withdrawal for something totalling around £200. I took this out of a cash machine no problems at all, until I got home and checked my Internet Banking to find one of my accounts was overdrawn by about £150 (I had taken the cash out of the wrong current account).

Anyway I obviously transferred money from my other account to make things go out of the red as it were, within 24 hours of the transaction.

I do not seem to have been charged anything *yet* for going overdrawn, could they still sting me?

Lokolo

£25 is their overdraft charge.

However; have you gone overdrawn; either arranged one or unauthorised, in the last year?

And have you got an arranged overdraft?

Consumerist

Johntea wrote: »

I do not seem to have been charged anything *yet* for going overdrawn, could they still sting me?

If you put the account back in credit before the close of business on the day you made the withdrawal then it is likely you haven't technically gone overdrawn.

If you receive paper statements, these often show an account balance only once on each day there has been a transaction. Online statements, however, tend to show a balance after each transaction and debits always seem to be entered before credits so that it may only appear to have gone overdawn during that day.
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