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Halifax debit card will I get charges for this?
Lady_K
Posts: 4,429 Forumite
I get quite confused with wording sometimes and wondered if anyone can tell me if I will get charged if I use my debit card for a transaction I need to make which will take me overdrawn but it wont be £50 overdrawn. I do not have an overdraft allowance by choice and have never needed to do this until today. I chose to have my overdraft removed and it says available overdraft 0
On the website it says
Depending on the type of account you have, we will either charge you debit interest or a daily fee for using an overdraft.
To get a planned overdraft, you must pay your salary or other regular amount into your account.
The amount we charge you for using an overdraft will depend on whether you use a planned or unplanned overdraft.
There is an overdraft buffer on your account, which means if you’re in debit by less than the buffer, you won’t pay any daily overdraft fees or interest “as applicable”.
Reward Current Account - No planned or unplanned daily fees if you are in debit by £50 or less
Does this mean I will get charged or not?
On the website it says
Depending on the type of account you have, we will either charge you debit interest or a daily fee for using an overdraft.
To get a planned overdraft, you must pay your salary or other regular amount into your account.
The amount we charge you for using an overdraft will depend on whether you use a planned or unplanned overdraft.
There is an overdraft buffer on your account, which means if you’re in debit by less than the buffer, you won’t pay any daily overdraft fees or interest “as applicable”.
Reward Current Account - No planned or unplanned daily fees if you are in debit by £50 or less
Does this mean I will get charged or not?
Thanx
Lady_K
Lady_K
0
Comments
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You run the risk of the transaction being declined.
If approved, you run the risk of it reflecting negatively on your credit report if the do report it.
If it's less than £50 and it's a Reward or URCA current account my understanding is you won't be charged for the transaction itself.0 -
halifax love to charge expect some silly charges.0
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pauletruth wrote: »halifax love to charge expect some silly charges.
How constructive...0 -
from years of experience they dont hesitate to charge unlike some others.0
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They will charge for what their tariff says they will charge for. Different accounts ave different fees.pauletruth wrote: »from years of experience they dont hesitate to charge unlike some others.
http://www.halifax.co.uk/bankaccounts/rates-rewards-fees/Reward Current Account - No planned or unplanned daily fees if you are in debit by £50 or less0 -
I decided not to its not worth it I will have to sort something else out, I dont want to risk any charges or it looking bad on my credit rating
Thankyou for the advice
Thanx
Lady_K0
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