halifax overdraft stop and eaten our wages

maninthestreet

opinions4u wrote: »

By the way, HSBC don't pay income tax.

Of course they don't - just like any other business.

System

HSBC is primarily an Asian bank who moved their HQ to to take over the English Midland bank and due to the HK handover. Aside from a couple of token branches, they don't operate in Scotland either.

dktreesea wrote: »

If you can't trust your bank, you need to change it. Shop around. Go and see another bank and see what they would offer you if you switched. Switch your credit cards too if they offer you a 0% deal. I wouldn't bank with Halifax/Bank of Scotland in a million years. I think they are one of the worst banks on the High Street. Likewise RBS/Natwest. How about trying a British bank that actually pays income tax in this country (as opposed to needing to be bailed out by the taxpayer), like HSBC?

CRISPIANNE3

midebt wrote: »

4am and cant sleep cos of this .....................

went to do internet banking late last night and found that the bank has taken off our planned overdraft arrangement

and our weekly wages have been taken by the bank/o draft - so now we have no money to buy food/petrol etc etc and pay a couple of other bills i do not pay through the bank for ' we also have out mrtgage due to be paid on 18th ....

yes we were o/drawn and yes we are paying for that each month

but are the bank allowed to take ur money like that and leave u with none ........

we have been with this bank for 30 yrs ...but i guess that does not make any difference ...guess thy are getting there own back after me winning 9'000.00 off them a few yrs ago ......
will be ringing them up first thing.....

I am with Lloyds as I am sure they give you 30 days notice. As HX are all under the same organization one would have thought the same applies.

However for any bank to withdraw the facility without notice they may feel they have good reason to believe you are struggling and possibly the monthly feed from the credit reference agencies may have confirmed this. Only guess work of course.

With me Lloyds wanted to reduce my limit due to non use and a quick telephone call got them to keep at the existing level. Perhaps a trip into one of the Halifax branches and speak to a manager and they may be able to resolve the issue.

Good luck and hope you get it something sorted.

Ruby789

innovate wrote: »

May be pop into your local CAB as well to get some advice / help from them, and also hop over to the Debtfree Wannabe board. Generally, people over there know more about how to deal with debt than people on this board.

I'd agree with this advice too. This has happened to other people before and there is always some way through. I can only imagine how worried you are. Try calling the bank or popping into a branch and see what the available options are. Make sure you note down every DD and bill that you will need to pay over the next month, and know the amount you need for absolutely essential living costs too.

I would suggest that as soon as you have set up some way through this immediate crisis, you head over the DFW board and post there with all of your incomings and out goings (called a Statement of Affairs (SOA)). Many people on that board have been where you are and can help you to trim your outgoings so you can pay off your debts and start living within your means so you're never in this position again.

Good luck with it.

midebt

thanks for all ur replies......sorted it out with the bank ...the have reinstated everything .....and have agreed to pay back to clear the o/d at £100 a week.....and get it down to the £300 fee free.

so that will keep some u happpy...as i know i am...we dont need to go to cab.....

i was i agree in a spin ......at that time ......and was worried about the situation.....but now i can take a breather

what i meant when i said '' i dont have a credit card...well i do but try not to use it '' then u may say '' well why have one then'' .....just good to have in a situation like this so i could if needed at least get petrol to work.....as im a nurse and drive around to visit clients ....not on any benefits etc.....never have been ....

agree we have had a kick up the backside ...thanks

pmduk

You might even come to feel that they've done you a favour.

midebt

yes prob they have - as it could have turned out not in my favour and left with nothing .....i appreciate that .

midebt

thanks ruby789 i will do what u suggest ...good idea

Caisse

Hi


The thing is I getthe feeling that banks look down their noses at those who have and use their overdraft, but the steep monthly fees that people pay for using an overdraft 19.9% for some, certainly help the bank make more profit!!:D

CRISPIANNE3

Caisse wrote: »

Hi


The thing is I getthe feeling that banks look down their noses at those who have and use their overdraft, but the steep monthly fees that people pay for using an overdraft 19.9% for some, certainly help the bank make more profit!!:D

In my day at Lloyds in the 90"s they tended to look down their noses at people who did not use their overdraft. How things have changed!