Overdraft charge help

colsten

SR1 wrote: »

I've not yet been charges but had a letter saying withdrawals been made with insufficient funds even though I can't see how as since Wednesday I have had sufficient funds all the time

Sufficient funds for both, your overdraft as well as the charges for your overdraft until the the day you paid in the £500? What does your bank statement say?

SR1

I was £460 overdrawn Tuesday, Wednesday £500 went in then overdraft removed from Wednesday , been in credit since

maas

SR1 wrote: »

I was £460 overdrawn Tuesday, Wednesday £500 went in then overdraft removed from Wednesday , been in credit since

The banks computer doesnt agree with you! Ring them up and find out why

YorkshireBoy

Were there any automated payments, SOs/DDs/etc, leaving the account on the Wednesday.

SR1

YorkshireBoy wrote: »

Were there any automated payments, SOs/DDs/etc, leaving the account on the Wednesday.

No non of these only card debits for small amounts have left my account since

YorkshireBoy

SR1 wrote: »

No non of these only card debits for small amounts have left my account since

Were any of these presented on Wednesday, ie rather than affect your 'available balance' they impacted on your 'balance'.


Anyway, we're all guessing, so why not call them now and find out?

SR1

I guess I just want to know if I do incur charges it will just be for any recent transactions since Tuesday and not the whole time I've been overdrawn

SR1

Possibly , I alwAys go by available balance not ledger. Could it be possible the overdraft was removed at day midnight any the funds not in my account till a few hours later ? Also when I applied for the overdraft removal it said 48 hrs

colsten

SR1 wrote: »

I guess I just want to know if I do incur charges it will just be for any recent transactions since Tuesday and not the whole time I've been overdrawn

You will be charged whatever the overdraft usage fees of your bank were since they last charged you those fees. These are very likely charges for several days, up to a month, before you deposited the £500. You will not get any £500 free overdraft unless perhaps with a FlexDirect but I would hazard a guess that this not the account you have.

It is really difficult to give you more than theoretical and speculative answers without knowing what bank it is, and what exactly your end of day balance was for every day since they last charged you fees that were due.

colsten

SR1 wrote: »

Possibly , I alwAys go by available balance not ledger.

Available balance doesn't show any card transactions that haven't yet been reported to the bank, nor do they show DDs, SOs that are due next day, or any fees that haven't yet been determined (e.g. monthly overdraft interest).