We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Going over you overdraft
bigmaz
Posts: 1,252 Forumite
Hi peeps
I went over my overdraft by a couple of pound the other day, and was obviously charged for this. My wife banks with Lloyds, and they have a thing where if you go over by less £10, you do not get a charge. I was thinking of moving to them, but I was just wondering if they do that if you go over your overdraft? e.g. if my overdraft is £100, if i go to -£105, will I still not be charged? Does that make sense? :P
I went over my overdraft by a couple of pound the other day, and was obviously charged for this. My wife banks with Lloyds, and they have a thing where if you go over by less £10, you do not get a charge. I was thinking of moving to them, but I was just wondering if they do that if you go over your overdraft? e.g. if my overdraft is £100, if i go to -£105, will I still not be charged? Does that make sense? :P
0
Comments
-
As soon as you go into an unarranged overdraft, you pay extra - - the buffer only applies to arranged overdrafts. EDIT: that's actually not correct - - - but best read the following doc
There is lots of detail in the Lloyds charges document http://www.lloydstsb.com/media/lloydstsb2004/pdfs/banking_charges_brochure.pdf0 -
Great, that document cleared things up, thank you
0 -
I haven't read the document on the link so perhaps this doesn't apply any more, but my partner is with Lloyds and if he goes over his arranged overdraft fee but replaces that money by 3pm on the same day, he will not be charged.
At least that's how it used to work, maybe not anymore!0 -
I haven't read the document on the link so perhaps this doesn't apply any more, but my partner is with Lloyds and if he goes over his arranged overdraft fee but replaces that money by 3pm on the same day, he will not be charged.
At least that's how it used to work, maybe not anymore!
I think Halifax are owned by Llyods, if so then yes, as long as its replaced the same working day then you won't get charged."All truths are easy to understand once they are discovered, the point is to discover them."
0 -
I haven't read the document on the link so perhaps this doesn't apply any more, but my partner is with Lloyds and if he goes over his arranged overdraft fee but replaces that money by 3pm on the same day, he will not be charged.
At least that's how it used to work, maybe not anymore!
Yeah, I get that with my bank as well.0 -
Yes you have until 3.30pm to put right your account so that no charges apply for a authorised or unauthorised overdraft.
There is a £10 buffer so if you have no OD on the account you can go to -£10 with no charge. If you have a authorised OD then it is whatever the Authorised OD is + £100 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards