Bank allowed my son to go way over his overdaft

backinbusiness

tripe
tripe
tripe

SnowTiger

It seems to me that Sufun1's son has been more astute than many here are giving him credit for.

He's managed to turn £2,600 of debt, including credit card debt which presumably has a hefty APR, into an interest free loan.

:j

JuicyJesus

Sufun1 wrote: »

Guy's you are reading this all the wrong way....Its not fraud or a scam , I just wanted to know if you thought how the bank acted was wrong....if you have got an overdraft limited I would have thought that the banks stopped you from going over hence that is why it was there ie they might let one amount go through but not more and then they normally put the block on and stop cheques etc. I have friends with there kids and the bank would stop a cheque or card for going a couple of pounds over. .....

The bank have acted perfectly correctly. Indeed, far more than understanding given the circumstances.

Having read this thread over I'm not entirely sure whose fault it is, yours, your son's or both. However I can state with certainty that it isn't the bank's. Either he's let you use his cheque book (oh dear), you've forged a cheque from him without his knowledge (oh dear oh dear) or your son is a cretin. Pick one of the above. In any case his "rights" consist of the right to pay the money back.

Or you're a troll.

jonesMUFCforever

I for one don't believe a word of this story.
The bank would not let a young customer with limited credit history go over their limit by £2600! (assuming the son is just over 18 if he exists LOL)

Andystriker

Your son has a responsibility to not write cheques out when he has not got the money.

The bank have not acted wrong.

We all have to take responsibility for our actions, and your son is no different.

woodbrid

obvious troll is obvious

jalexa

Sufun1 wrote: »

...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...

The thread has lost me except for one thing, the "£3000 overdrawn".

"Hypothetically speaking" it can be explained by the 2-4-6 cheque clearing cycle. The funds are "available" on day 4 but can be clawed back before day 6.

Am I "hypothetically right" or not?