Nationwide rearranging payments - charges?

onlypaddy

Hi all

Need some advice on Nationwide's unauthorised overdraft policy....

Situation is - my main account is with First Direct, but I work in Germany at the minute so I have a Nationwide account too to avoid charges. Up until last week I have only had a cash card for this account.

I was in the UK for a week and a half for a course so needed no money in the NW account, so I left it at £0

I flew back to Germany on Sunday afternoon. On sunday morning I made a £100 faster payments transfer into the NW account from FD, which showed up straight away. When I landed I withdrew €70 which showed as an unavailable balance for 2 days and then taken from the balance.

This was the first time I had used the debit card abroad - before this I have only had the cash card. The withdrawal was backdated to Sunday, and put before my faster payment transfer so that it shows I went into overdraft (this never happened with the cash card, even when I had made the transfer on the same day. Something for me to remember with the Visa debit card now)

Does anyone know if I will be charged....? I know A&L do this but some other banks operate on an end of day policy...

Sorry for long post, wanted to get all details in...

Paddy

ginvzt

I can't answer your post for sure, but I seem to remember that we had similar thing with Nationwide, when the withdrawals/payments were put before incoming money, and there was negative balance - although at the end of the day, it was in a considerable plus. We have never been charged for this. We don't have Faster Payments with Nationwide (wrong sort code...), so don't know if that is an issue.

missile

onlypaddy wrote: »

Hi all

Need some advice on Nationwide's unauthorised overdraft policy....

Situation is - my main account is with First Direct, but I work in Germany at the minute so I have a Nationwide account too to avoid charges. Up until last week I have only had a cash card for this account.

I was in the UK for a week and a half for a course so needed no money in the NW account, so I left it at £0

I flew back to Germany on Sunday afternoon. On sunday morning I made a £100 faster payments transfer into the NW account from FD, which showed up straight away. When I landed I withdrew €70 which showed as an unavailable balance for 2 days and then taken from the balance.

This was the first time I had used the debit card abroad - before this I have only had the cash card. The withdrawal was backdated to Sunday, and put before my faster payment transfer so that it shows I went into overdraft (this never happened with the cash card, even when I had made the transfer on the same day. Something for me to remember with the Visa debit card now)

Does anyone know if I will be charged....? I know A&L do this but some other banks operate on an end of day policy...

Sorry for long post, wanted to get all details in...

Paddy

ok....so you were having problems... you didn't have the cash .. doesn't mean ....... they charge you in accordance with their T&C. :rotfl:
Chill out, it is the price you must pay for being an idiot :beer:

jennifernil

But he did have the money. He paid in on the Sunday morning, and withdrew on the Sunday afternoon.