Bank allowed my son to go way over his overdaft

Sufun1

Could anyone give me some advice. My son has an overdraft limit of £400 pounds, he checked his balance and thought he had sufficients funds in to to allow for some large payments but forgot a couple of cheues had not cleared. The bank let him go overdrawn to a sum off nearly £3,000. What are his rights as we cannot believe that they did not stop cheques etc and allowed this to happen........They are allowing to pay the money back interest free over a certain length of time but at the moment we feel the payments are to high and he will get himself into more dept

Thank you

Lokolo

Take back whatever he spent the money on.

Be thankful they are letting him have it interest free, most would be getting charged extra for it.

.1xp

I think I'd know if I was going to make myself go over my agreed overdraft if it was by £3k

That's not a couple of quid is it?!

vax2002

time for some card cutting Mummy sledghammer nutcracking talks....

real1314

Sufun1 wrote: »

Could anyone give me some advice. My son has an overdraft limit of £400 pounds, he checked his balance and thought he had sufficients funds in to to allow for some large payments but forgot a couple of cheues had not cleared. The bank let him go overdrawn to a sum off nearly £3,000. What are his rights as we cannot believe that they did not stop cheques etc and allowed this to happen........They are allowing to pay the money back interest free over a certain length of time but at the moment we feel the payments are to high and he will get himself into more dept

Thank you

If he thought he was going to stay within his limit, how did he "forget" over £2500 of cheques?

Let's face facts, he's had the goods/services that the cheques were written for. If he thought they would not be honoured, was he hoping that he'd get the goods and the cheques would be bounced and he'd be left with the goods?

It all seems a bit unlikely to have been accidental. :cool:

ses6jwg

If he has an overdraft that means he is over 18.

Unless he has some sort of certified mental disability then there is no reason why he would go £3000 overdrawn and not realise.

He needs to grow up and manage his money like an adult.

pinkdalek

Did it not cross your son's mind at any point to think.....

1) Hang on I'm spending an awful amount on my account seeing as it is £3000 overdrawn.

2) Check his own account on a regular basis to see the state of the account.

Take the goods back and get a refund.

Sufun1

Thanks for all your replyies
Its not all his fault I had written one of his cheques out to pay back me money he owed me over a few months but made it out to the credit card company he told me just to add it up but didn't realise how much it was as he was away and had checked his balance before he left. But its funny how the bank did not stop that cheque as it was made out to there own card company. I would have rather him paid me back than the bank. In normal cases they would just stop a cheque! Definitely going to be monitoring the situation in the future.

opinions4u

Sufun1 wrote: »

Could anyone give me some advice. My son has an overdraft limit of £400 pounds, he checked his balance and thought he had sufficients funds in to to allow for some large payments but forgot a couple of cheues had not cleared. The bank let him go overdrawn to a sum off nearly £3,000.

This makes your son an idiot.

Is he under 18?

Are there other mitigating circumstances? (EDIT: Just seen your post above where you say you wrote one of the cheques. Well done. Maybe I was harsh on your son and he's not necessarily the idiot).

What are his rights

My first reaction to this was to go on a Daily Mail tirade about rights. Then I thought better of it.

He has the right to owe the money and find a way to pay it back.

gardner1

Sufun1 wrote: »

Thanks for all your replyies
Its not all his fault I had written one of his cheques out to pay back me money he owed me over a few months but made it out to the credit card company he told me just to add it up but didn't realise how much it was as he was away and had checked his balance before he left. But its funny how the bank did not stop that cheque as it was made out to there own card company. I would have rather him paid me back than the bank. In normal cases they would just stop a cheque! Definitely going to be monitoring the situation in the future.

your son is a complete prat what next complain he has been mis sold ppi on credit card

YorkshireBoy

Sufun1 wrote: »

...he checked his balance and thought he had sufficients funds in to to allow for some large payments but forgot a couple of cheues had not cleared.

Cheques he'd paid in?

In which case he was only overdrawn for a max 4 days (and 2 days for interest accruing purposes). Now that the cheques have cleared he's back in the black isn't he?

Or maybe you mean cheques he'd written?...in which case I, like others here, am amazed he forgot about transactions of such high value.