halifax charging me a quid for going in overdraft

Comyface

withabix wrote: »

Is this some medieval barter system of which ye speak?

:T Is it similar to a groat?

rb10

freezspirit wrote: »

With Lloyds the money has to be in the account by 3:30pm to avoid the fee.

Halifax are more lenient - they allow you to pay in at any time up until midnight.

It is very surprising that two people on this thread have reported being charged despite their account being in credit by this time. They should easily be able to get the charge reversed though (if it's worth their time), since midnight is the only time that counts for charges.

hubb

Will they change my current to a reward account if I ask them ?

opinions4u

hubb wrote: »

Will they change my current to a reward account if I ask them ?

Yes, they will.

hubb

But there isn't any point as I don't put in £1000 per month. Nowhere near.

Gromitt

Do you put in £500 ? If so, put it in, take it out and then put it back in again, then you have met the conditions of £1000 deposit

HappyMJ

hubb wrote: »

But there isn't any point as I don't put in £1000 per month. Nowhere near.

Put in whatever you can withdraw it and put it in again. You can put £100 in and out 10 times and that'll be your £1,000. For £5 it's worth it. Takes less than 10 minutes once a month.

hubb

Oh right. In that case I will but I will have to do this from my business account. Won't they see your playing their system ?

adindas

Look at your on line statement to check when did the money was booked. If it is the same day with the date then you should not be charged.

The charge is automatically programmed. It might happen in your case the money was booked on following date.

hubb wrote: »

As I did it on the same day, is it worth me contacting them for a refund? I could tell them I will close my account if they don't.

hubb

No, it's a day later but I remember doing it the day it went into overdraft. Anyway, I have now got a reward account set up thanks to you folks :-)