We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Tesco savings....why has this happened ?

deaglecat
Posts: 92 Forumite


so I had a long standing modest and fully cleared balance in Tesco online savings account (lets say £100).
I transferred in via direct debit a larger sum (lets say £5000) a few days ago.
my new available balance has now dropped down from the cleared £100 down to £0.
the poor call centre chap couldn't explain but has logged a complaint. Tesco apparently put some sort of hold on your existing cleared balance while the incoming DD funds clear. I can totally understand the £5000 being unavailable but surely the cleared balance should be available.
Bonkers !
seriously, if money starts disappearing from online bank accounts with no supporting transactions then it really undermines your faith in the integrity of their banking systems
a manager is going to give me a call back...
I transferred in via direct debit a larger sum (lets say £5000) a few days ago.
my new available balance has now dropped down from the cleared £100 down to £0.
the poor call centre chap couldn't explain but has logged a complaint. Tesco apparently put some sort of hold on your existing cleared balance while the incoming DD funds clear. I can totally understand the £5000 being unavailable but surely the cleared balance should be available.
Bonkers !
seriously, if money starts disappearing from online bank accounts with no supporting transactions then it really undermines your faith in the integrity of their banking systems
a manager is going to give me a call back...
0
Comments
-
I thought funds were instantly available/ cleared when pulling via DD.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349K Banking & Borrowing
- 252.4K Reduce Debt & Boost Income
- 452.7K Spending & Discounts
- 241.9K Work, Benefits & Business
- 618.5K Mortgages, Homes & Bills
- 176.1K Life & Family
- 254.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards