Charges for exceeding authorised overdraft limit.

Karb

My wages go into a joint account, which is my only account, and the one that all of the bills come out of.

My wife has a separate bank account which she usually uses whenever she is shopping, though of course she has access to the joint account if ever she needs to. I tend to be in control of the finances most of the time

Shortly before I got paid last week, my wife spent £100 or so out of the joint account which I wasnt aware of, and this took us over my overdraft limit for three or four days until I got paid.

I had a letter today to say that I am being charged £75 for this. Now, I have no problem with accepting that I am completely at fault, but £75 seems excessive to me. Is this a normal and reasonable charge?

samjef11_2

Karb wrote: »

My wages go into a joint account, which is my only account, and the one that all of the bills come out of.

My wife has a separate bank account which she usually uses whenever she is shopping, though of course she has access to the joint account if ever she needs to. I tend to be in control of the finances most of the time

Shortly before I got paid last week, my wife spent £100 or so out of the joint account which I wasnt aware of, and this took us over my overdraft limit for three or four days until I got paid.

I had a letter today to say that I am being charged £75 for this. Now, I have no problem with accepting that I am completely at fault, but £75 seems excessive to me. Is this a normal and reasonable charge?

Well yes you are jointly responsibility so you would have to accept it did you ask your wife why she did it maybe should pay for the charge unless she is in some money problems also what bank and what account have you got?

opinions4u

Karb wrote: »

I had a letter today to say that I am being charged £75 for this. Now, I have no problem with accepting that I am completely at fault, but £75 seems excessive to me. Is this a normal and reasonable charge?

Normal, yes.

Reasonable, probably not, but perfectly legal and in accordance with the terms and conditions of your account.

Karb

samjef11 wrote: »

Well yes you are jointly responsibility so you would have to accept it did you ask your wife why she did it maybe should pay for the charge unless she is in some money problems also what bank and what account have you got?

No problem with accepting responsibility. I just thought the charge seemed excessive. I'm with First Direct. I think the account is called a 1st Account

samjef11_2

Karb wrote: »

No problem with accepting responsibility. I just thought the charge seemed excessive. I'm with First Direct. I think the account is called a 1st Account

You can try to get the charge refunded as it's only the frist time try to get hold on a manager in cutomer service and see if he/she will refund the £75.

Lokolo

I am assuming HSBC and FD have the same charging structure.

The £75 wouldn't have been one charge. It would have been 3 charges of £25.

You get a £25 charge whenever you use your account when it's in it's unauthorised overdraft.

Olipro

samjef11 wrote: »

Spammer reported

when you report a spammer, it's best not to perpetuate it by quoting their post, the mods are unlikely to modify your post as well, and even if they do, it's an unnecessary waste of their time.

samjef11_2

Olipro wrote: »

when you report a spammer, it's best not to perpetuate it by quoting their post, the mods are unlikely to modify your post as well, and even if they do, it's an unnecessary waste of their time.

Yes sir deleted my post now i suggest you will have to edit yours too.