help

cayuga

I needed to give my husband some money, So I transferred £2000 into my currant account using the immediately button on online banking, checked to make sure it was showing up as in my account and it was so then I payed the £1000 to my husband I needed to pay him, using online banking 2. The problem is iv looked at my statement online today, and they have swapped then around, so it now shows I paid my husband before I put the money in my account to cover it when I didn't .Its made me go over my overdraft limit,no doubt they will try and charge me for this, will I be able to argue it, does anyone know how much the charge is likely to be as iv never gone over my overdraft limit before so have no idea, Thank you Cayuga

KTF

Most banks sort out the debits before the credits so if you carried out both transactions on the same day that would explain why this has happened.

Phone them up and explain the situation. They should waive the fee.

Without knowing the bank name its impossible to say what they charge might be.

cayuga

Thanyou, rang up and she said it wasn't showing as going overdrawn on her screen , but it does on online banking so will have to wait and see what happens I guess, Cayuga

YorkshireBoy

I'll stick my neck out and say you won't be charged.

Because you've clearly initiated the 'instant' internal transfer first (and checked your 'available' balance before initiating the transfer out), any charges will be applied based on your closing balance that day - which was of course positive.

Had the outgoing payment been scheduled for that day (eg a standing order), it would have been made overnight and any money credited later that day wouldn't have prevented an overdrawn state and the associated charges.