bank charges advice please

mummytoagorgeousgirl

my bank (hsbc) keeps takin my benefit money for bank charges, they wont give me a formal overdraft but have always let me take 10 pound overdraft out and only charged me 10-20p charges (thats not a prob) but then they will occasionally let me take 50 pounds informal overdraft and then charge me 50 pounds bank charges and then there takin that charge out of my benefit money wich is leaving me short of money to provide for my little girl... how do i stand on claiming back this money? advice please :mad:

Better_Off_1983

Why are you always going overdrawn?

DevCoder

Its not an "informal overdraft", it's an "unauthorised overdraft"

As already asked, you need to stop going overdrawn to stop being charged.

Post a statement of affairs on the debt free wannabe forum (links are in the sticky post in that forum) and people will help you cut your spending.

meer53

krisdorey wrote: »

Its not an "informal overdraft", it's an "unauthorised overdraft"

As already asked, you need to stop going overdrawn to stop being charged.

Post a statement of affairs on the debt free wannabe forum (links are in the sticky post in that forum) and people will help you cut your spending.

In the OP's defence, HSBC do call it an "informal overdraft", means the same thing though !

lippy1923

You need to work out why you keep going overdrawn and get a better handle on your finances. Just because they let you borrow money doesn't mean you have to take it.

As above post, try posting an SOA on the debt free board.

Try using internet banking to keep track of balances, better yet, check your balance at the machine before taking money out. If it shows you have nothing in there, don't try and take anything out.