Are Barclays trying to make money out of me?

xzibit

I have just been on to my online banking, and have discovered something that worried me.

Wednesday, I went onto the banking, and it said that my balance was £x amount, which was my pay, as I transfer money about, and my account was previously £0.00 to that.

So, I did what I normally do on payday, and transfered a set amount of money to my savings account (with same bank) which incidently was a larger amount than my overdraft.

I have gone on there today, and it lists my pay going in AFTER I transfered my savings. But this was not the case. So my balance showed -£x amount, even though the same day the next transaction is my pay going in.

Now why does it show as this? Will I get charged for it? Why did they say my balance was there, and then put this transfer before it?

a&akay

They have always done this and it drives me mad as well. As long as the - is on the same same day there is no charge.

Essenchill

So do they just 'sort' transactions/payments/debits at the end of the working day into a certain order - i.e. transaction/debits are 'sorted' before payments?

johnmoney05

A&L also do the same.

AndyR_3

Debits are always shown before credits, but you won't be charged.

dunstonh

Standard accountancy practice means that they are shown that way.

Internal transactions can show straight away but external transactions coming in get updated on the "overnight" balance even though they are going in that day.

For example, on a Sunday, i could request an internal transfer online and that will instantly show on my statement. Any credits coming in from another bank on the Monday will not show on the balance yet. Some banks do show an "available" amount and in this scenario, the available amount would take the incoming entries into account.

xzibit

Well as long as its standard practice and I won't be charged then that's ok.