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HSBC Debit card payments applying debits question
dotdash79
Posts: 1,069 Forumite
Does anyone know when HSBC apply a debit card payment on the day when the hold is placed or when it shows on your statement?
Last month some payments were made which would have taken an account overdrawn however the actual balance never appeared overdrawn as by the time the payments showed additional money had been put into the account.
I think we should be ok and have no charges applied and will find out in a few days. But just asking in case anyone does know.
Last month some payments were made which would have taken an account overdrawn however the actual balance never appeared overdrawn as by the time the payments showed additional money had been put into the account.
I think we should be ok and have no charges applied and will find out in a few days. But just asking in case anyone does know.
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Comments
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Debit card payments are applied when you see them on your statement. Before that they are nothing more than authorisations. Which may or may not debit.
So as long as you are in credit when they debit you are OK. Just have to be careful that they do not decline transactions as you are overlimit.Never ASSUME anything its makes a>>> A55 of U & ME <<<0 -
Thats what I thought, thanks!0
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Ptrevious threads on here have suggested that it's not unheard of for HSBC to apply a £25 "arrangement fee" for authorising a payment not covered by the available balance at the time of authorisation, even if no actual overdraft is then incurred."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Well I'll see what happens at the end of the week0
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