Halifax ovredraft?

OnlyMe_08

Hi

I haven't used my arranged overdraft before, but after a silly error, I'm about £20 into the overdraft.

I know there's a buffer of £10 where no charges are incurred, but if I settled the OD difference later today / evening, will I still incur a days charge?

Laurenbelle

Hi!
When did you go into the overdraft?

Catbag

I would imagine you will still be charged. I went overdrawn last year by 2p for a SPLIT second when the systems updated overnight and was charged. It didn't make any sense when i looked at my statement online as i had money going in too. I had to call customer services and they advised it was because, when updating, the bank takes debits first then deposits credits leading to a split second being overdrawn. I argued the point and had the charge reversed luckily, but i found the whole situation outrageous and would've closed down the account had i had another one to use

rb10

Most banks would charge you for that.

However, if you have either the Halifax Reward or Ultimate Reward account (i.e. get £5 every month) then as far as I am aware you would not be charged, if you went into overdraft today and pay it off by midnight tonight.

OnlyMe_08

Thanks for the info.

I'm unable to fund my Reward account when I accidently sent it into OD this morning.

Tried FP from A&L, but failed due to Santander taking over (treated as first transfer). So will this amount hit my Halifax account on Monday or Tuesday?

I could transfer £100 from my Halifax ISA, but as it affected potential future interest earnings, I think I'll find a way of depositing cash in branch tomorrow.

So, being overdrawn for a day has only cost me £1, right?

samjef11_2

OnlyMe_08 wrote: »

Thanks for the info.

I'm unable to fund my Reward account when I accidently sent it into OD this morning.

Tried FP from A&L, but failed due to Santander taking over (treated as first transfer). So will this amount hit my Halifax account on Monday or Tuesday?

I could transfer £100 from my Halifax ISA, but as it affected potential future interest earnings, I think I'll find a way of depositing cash in branch tomorrow.

So, being overdrawn for a day has only cost me £1, right?

Yep one pound each day but five pound if the overdraft is unarranged.