Robbing Peter to pay Paul?

brassmonkey001

I have a HSBC current account which my wages go into and an Intelligent Finance joint current account which all the mortgage and bills are paid out of. I am about to go overdrawn for the first time since opening the IF account (only by a few quid and within my overdraft limit). I go overdrawn in my HSBC account quite often.
My question is: should I take some money from the HSBC and put it into the IF thus maintaining an impeccable record with IF?
(If I do this, it will cause the HSBC to become overdrawn again (again, only by a few quid and within my overdraft limit)).
Or should I not worry about it?

regularsaver1

would not worry about it as they are both authorised overdrafts - which are not a problem
just work out which one is charging the higher interest to use it ?

jonnyboy82

Hi, I Took Lloyds Tsb To Moneyclaim Online To Get Back 1660 Pounds In Charges,they Acknowleged The Claim And Had 28 Days To Reply But This Is There Last Day Today,i Rang Up Mcol And They Said They Have Until Midnight Tonight To Enter A Defence,up To Now They Havent!!,has Anyone Had This Experience Before And Can They Make A Defence This Late?,also If They Dont Enter A Defence What Happens Then Mcol Said I Win By Default And I Choose Wht Happens Now?,i Can Put A Ccj Against Them!!!!!! Sound Good Hey! Oh By The Way The Bank Is Lloyds Tsb,how Do Iget The Cash Anyone Know? Thanks Everyone...........jonnyboy

regularsaver1

jonnyboy82 - it may help you to start your own post that is about charges as this post is not. you will get more replies then

jonnyboy82

oh ok thanks how do i do that? thanks

regularsaver1

go back to the banking page where you found this post and at the top it says "start new thread"

brassmonkey001

Thanks RS1.
I was just wondering if there was any benefit to keeping a clean record with IF?

Al_Mac wrote:

Why not have one account, or 2 in the same place

One is my account and one is our account. I've been with HSBC for years but when it was decided we should have a joint account the IF one looked to be the best deal at that time.
In fairness, it's muggins here who does all the banking and paying in the IF account so it does seem a little pointless having two accounts but it does keep my banking separate from ours so I know what's what.

brassmonkey001

As I said, I've been with HSBC for years. Then a couple of years ago we set up a joint account. The reason I didn't set it up with HSBC or Natwest (hers) was that IF offered better rates of interest. If I was to open another today it would be different again as there are better deals available. I have just opened an Alliance & Leicester Premier Direct current account which will become my main account and I will wind the HSBC one down.

student100

maybe there's something to be said for not having all your eggs in one basket anyway...