Halifax bank delayed transaction updates causing overdraft charges.

mcgaz121

Deleted question answered

Thrugelmir

mcgaz121 wrote: »

Hi Colsten thanks for the replies a lot of what you say makes sense but one of the things i can't get my head round is Paypal being able to do an "instant bank transfer" and Halifax knowing nothing about it. As i can't see Paypal fronting the credit

If Paypal requests money from your bank it takes 5-7 days to be drawable funds.

pmduk

mcgaz121 wrote: »

Either way i will have a look for an App to help me monitor my spending which is a great idea

I rely on an android app called financisto, it lets me track several accounts at once. Of course there are many others.

bouicca21

Actually my halifax online statement shows two balances - what is supposedly in my account and in smaller figures below what's left once pending debit transactions go through.

If OP is sailing so close to overdraft regularly, then surely it's a case of starting some serious budgeting?

mcgaz121

Deleted question answered

pinkdalek

mcgaz121 wrote: »

Since i have ever had a bank account i have relied on the bank to tell me my balance and transactions. 9 months ago i moved my current account from Lloyds to Halifax and was paid £100 by Halifax to do so.

They have the same computer systems, their online banking is the same as Lloyds, same set up, just Halifax branded rather than Lloyds. They are part of the same group, just have seperate licences.

stclair

You also need to remember when you use your card.

Once the pre-authorisation has expired the bank allow you to re-use the funds. Im suspecting this is where you may be going wrong.

bengal-stripe

mcgaz121 wrote: »

Deleted question answered

Well, another newbie throwing the toys out of the pram, because s/he doesn't like the answers.

Fruit_and_Nut_Case

bengal-stripe wrote: »

Well, another newbie throwing the toys out of the pram, because s/he doesn't like the answers.

Petulantly deleting everything in an effort to stop anyone else benefiting from the wisdom of the Forum. Luckily many responders have thoughtfully quoted the original posts so that the general course of the thread can be followed.