We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
DD on Santander account
Chadsman
Posts: 1,113 Forumite
On Santander current accounts by when do sufficient funds (or overdraft) have to be in an account in order for a direct debit to be honoured- 3.30pm on the day in question, 11.59pm the previous day or...?
I am not asking for myself! :eek:
A relative has been daft enough to open an account with them. :doh:
I am not asking for myself! :eek:
A relative has been daft enough to open an account with them. :doh:
God save the King!
I'll save Winston Churchill, Jane Austen, J. M. W. Turner and Alan Turing.
I'll save Winston Churchill, Jane Austen, J. M. W. Turner and Alan Turing.
0
Comments
-
With all banks funds have to be in place the business day before the DD is due as that is when the collection process commences by way of ear marking those funds.
However there are ways to navigate around this. Some banks (Santander Included) will permit you to go temporarily overdrawn providing the DD amount is then credited by 4pm the day the DD goes out. Also if you have an overdraft in place with available funds equal to or greater than the DD amount then again the DD can be paid without recourse.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards