Huge Lloyds bank charge

Alpine_Star

opinions4u wrote: »

Makes the OFT a bit toothless then, doesn't it?

Well not really. By simply issuing a statement with the investigatory threshold the credit card industry voluntarily jumped into line.

dfh

N9eav wrote: »

Some of you people are very quick to make assumptions about other people.

The whole point of this debate was that I felt £27 is an extortionate amount to charge someone for accidentally going overdrawn by 2 days. It was not a deliberate act of stealing the banks money.
It would have been cheaper for them to refuse to pay the direct debit as there was insufficient funds. But they authorized an overdraft without asking and then charged him for it.

Leaving Lloyds is far more complicated than throwing teddies out of a pram for this little thing.https://forums.moneysavingexpert.com/discussion/2733117

And if they had refused the payment, you would have been on here how Lloyds were being so mean when they could have allowed your darling son to go overdrawn by 2 pence. Now, the bill wasn't paid and it spoilt his credit rating and it was all the Banks fault.