Bank Payments Priority Order

barafear799

That is exactly how I thought the process worked - however, my bank has said that the company did not apply for authorisation - and therefore the payments will just go through whatever!!!

Several Payday companies have my debit card details - it appears that they can all willynilly apply - and my bank make no reference to whether there are available funds in my account.

My bank has tried to tell me that when I made the "transaction" then the company would have applied - but I was trying to state that surely if those funds were "earmarked" at that stage, then it would not have shown as "available" balance for all this time.

I had a very stressful phone call to LTSB to ask how the payments could be authorised if I had no available funds - and as I said, their answer was "the company did not apply for authorisation" - I said "ok" - so surely when the request for payment comes in then surely a decision to make that payment has to be based on my avialble balance? - But alas they kept saying no - I know there will be people saying I should not have done something if I could not afford to pay for it - all I am trying to do is buy myself some time - and it doesn't help if these payments go through leaving me open to massive bank charges ontop.

jambosans

I believe a Continuous Payment Authority can debit without available funds.

barafear799

so it appears. Which rather means that it can be extremely difficult to maintain control.