Every time my bank goes into positive credit I get a fine making me overdrawn.

weetsie

I went overdrawn £5 in febuary, so put £5 in the bank to put me back in credit but a few days later I got fined which put me overdrawn again and I didn't notice this for a few weeks. Again, after putting my balance back into credit I got fined for £50 so I put £120 into the bank to cover the fine that I was bound to be due but when it came it was £100! putting me straight back to -£50 where I was before. I don't have any money right now to do anything about it, and I guess another £100+ fine is just waiting for me to put some money in the bank. Not sure what exactly I'm supposed to do?

lippy1923

Look at your bank statements. They have notice of charges on them. Speak to your bank on the phone if you are still unclear and ask them for a final amount. Then pay in extra to cover just in case.

There's no point guessing how much you will be charged and when. Phone them to get an accurate amount.

If you have no money to cover what they tell you, then let them know and see if they can hold the interest for you, while you pay it back.

Borrow some from family if you can.

marathonic

Agree with the previous post - although I always prefer to log onto online banking and contact them via secure mail as opposed to phoning them - it's always better to have proof of the communication.

weetsie

marathonic wrote: »

Agree with the previous post - although I always prefer to log onto online banking and contact them via secure mail as opposed to phoning them - it's always better to have proof of the communication.

I didn't know you could do that, would be useful as I don't have a phone.

edit: How would I go about doing that? It's a natwest account.

JuicyJesus

weetsie wrote: »

I didn't know you could do that, would be useful as I don't have a phone.

edit: How would I go about doing that? It's a natwest account.

NatWest don't offer a secure e-message service. Your options are thus phone or going into a branch.

opinions4u

They tell you what their charges are and when they will take them.

After that, it's up to you.

weetsie

Phoned them up and they said they would refund me the £100 charge, and also the next charge coming at £135 :eek:

No idea how they come up with these figures, they say I get charged £6 a day but I have only been overdrawn 8 days.

Also I got a letter yesterday saying the charge was going to be £10, how that went up to £135 in a day I have no idea.

pmduk

If they've refunded/waived charges this once, they're unlikely to do so again, so now is the time to take charge of your finances. You know now that there are charges if you overdraw. If you don't allow for those charges you just attract even more charges.