Yorkshire Bank taking standing order payment before due

jenand8285

I have a standing order and a direct debit that are both due on the 1st of each month. But the yorkshire bank always deduct the money from my account at least the day before, I dont usually mind but last month I had not put the money into the account till the day before, so my online account was showing overdrawn the day before (31st) but as soon as I transfered the money online the account was back in credit. However the next day (1st) when I checked online the amount had not been credited till the 1st and so therefore they charged me £25 for going overdrawn.

Again this month, I forgot again and did not transfer the money until the 31st (Sunday at 2pm) and again it did not go on the statement as credited until the 1st, but I know the money cleared straight away as it showed on the balance and it has always cleared straight away via FPS. So I dont want another £25 charge.

Are they in the right to do this? When I used to bank with Halifax I could pay the money in the day before via online banking and they always went through OK, but Yorkshire debit the account the day before. Pleae help...

jenand8285

Also the account is a signature account which they charge me £10 a month for. Of the benefits that are given with this account the only usefull thing to me is breakdown cover, so is it worth paying the £10? I only wanted to open a regular cash account but this is what they recommended. Any advice welcome.

blueberrypie

Many banks require funds for SOs etc to be in the account by the end of the previous working day, so the funds for SOs which were due to be paid yesterday (Monday 1st) would have had to be in the account by the end of Friday.

October 1st was a Friday, so funds would have had to be in place by the end of the Thursday - but that was the 30th September, as there is no 31st in September.

As for the £10/month charge, if the only benefit you use is the breakdown cover, then it definitely isn't worth it for you.