Wouldn't extend my o/d - cross!

katiep_2

Not at all - If I don't laugh I'll cry!!!

YorkshireBoy

katiep wrote: »

Not at all - If I don't laugh I'll cry!!!

That's the spirit Katie.

Just so you know you're not alone, and some of us are not "perfect" (your word in an earlier post), I too got into some financial difficulties in my early twenties - by abusing cheques and cashcard withdrawals (no credit card then) of all things. I realised very quickly (as you have done now) that there was a need to budget and put by a small rainy day fund. As a result, I cut up my cheque book and cashcard. Thereafter, if I couldn't get to my bank on their Thursday night late opening (6pm) I couldn't get any money for the week. It's amazing what you can find to eat when you have to!

Like you, I also came into a "windfall" - 4 years ago when I was made redundant in my early 40's. It shook me up more than a little at the time...so much so that I still have the redundancy money (plus interest) stashed away.

With age comes wisdom?

Take care (and good luck with getting the charge back).

katiep_2

YorkshireBoy wrote: »

That's the spirit Katie.

Just so you know you're not alone, and some of us are not "perfect" (your word in an earlier post),

I do realise that, but at the time felt (and reading it back still to a certain extent agree) that a lot of the "advice" given was "I told you so" rather than constructive . I've beaten myself up about it plenty - don't need others doing it too!

virgin_moneysaver

your overdraft limit is usually governed by the income received into the account - if it was at its max then it wouldn't be increased - I know the wording isn't always the best but they mean well - in the good old days when you had cash in a paypacket, once it was gone it was gone

also the financial institutions are in a lose, lose scenario - there are people like your good self who have a disgruntled moan when the banks won't increase the limit & those on the other side who moan that they are in dire straits & its the banks fault for increasing their overdraft

as i like to say to some of the younger customers, especially the students who come into apply for theit 1st years o/d on their way to the student union bar! - its a LIMIT not a TARGET

katiep_2

I agree, but as I said in an earlier post, I am very rarely in my small overdraft at all. On this one occasion that I took my eye off the ball it would have been nice for the bank to have shown a little good faith. Oh, and my current limit is a TINY fraction of the income that goes into the account each month - less than 1/8

skeating86

Hi

I was making transfers from HSBC to my Barclays account for very high amounts of money alltogether i think i did about £7000.00 (This Is no eror in how many zero's i have put in the figure) over about three months.

I received a letter today from Barclays stating that they will be closing my account by the end of business day tomorrow (23/05/2007). Due to what i have been doing as Barclays were notified by The Fraud Prevention Panel that i was supposed to have paid money in by another Bank Halifax which i have done but only for a few bound usually between £10 and £30 pound but very rarely.

Please Help.

oldwiring

Although having worked in a bank years ago I appreciate how things are done and why, I honestly feel that everything has become so depersonalised and cut- throat that any understanding of individuals is a fading commodity. The concept of a overdraft repayable on demand may have been valid when the account holder was a person of means capable of raising other funds immediately. Now most customers cannot do that. Perhaps it is time for the banks to phase reductions over say a three month period rather than withdrew facilties without notice as now. Voluntary action would be to the banks' credit, but it could be regulated for, I suppose.