Default on overdraft

Southernman

woofy85 wrote: »

hugsr, if you don't mind me asking when was the last time you made a payment on this old account?

This.

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dealer_wins

LOL at the OP. You have an OD, you pay it!! Its not rocket science!!

CKhalvashi

krisdorey wrote: »

Normal practise (depending on what sector the bank is in) is to class anything over 12 month (since last inward/outward payment) as Dormant (which automatically imposes increased monitoring of the account for transactions in/out) and after 2 years as Escheat (i.e. to fall out of possession) which adds still further safeguards.

Best way to do it, is to ping £1 over every 9 months or so, by SO.

I’ve got 3 old current accounts that, whilst I don’t use them for anything, don’t want to close down.

This is more importantly the case if there’s an OD on the account (except SO should cover any interest and preferably balance, too!

CK

Wutang_2

Southernman wrote: »

This.

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Great post: one word. five question marks. End of thread!