Lloyds Bank Representative

MABLE

If I use my Lloyds Bank authorised overdraft at 9am and clear it by 3pm the same day does it show I am utilising this facility or as it is cleared the same day does not get recorded.

Thank you.

grumbler

What does "show" mean and "recorded" where?

agrinnall

Why don't you just ring Lloyds up and ask them rather than waiting for a rep to come on here, spot your post, and consider it worth answering?

stclair

From personal experience the answer is no it does not get recorded with the CRAs.

In the past ive been overdrawn £100.00 for about a week and half and it was not recorded I was ever overdrawn with the CRAs

colsten

I thought this post was about the Lloyds Bank Representative. Sooo disappointed now.

MABLE

colsten wrote: »

I thought this post was about the Lloyds Bank Representative. Sooo disappointed now.

That life!:rotfl:

Armorica

I'm surprised no one knew the answer?

For the exact time, you may need to speak to Lloyds. But if they were recording it against you I suspect they may be in trouble with the regulator. They have recently agreed a re-tries process so the same should apply to overdrafts.

http://www.fca.org.uk/news/commitment-high-street-banks-retry-system

ceredigion

stclair wrote: »

From personal experience the answer is no it does not get recorded with the CRAs.

In the past ive been overdrawn £100.00 for about a week and half and it was not recorded I was ever overdrawn with the CRAs

Not entirely sure that's what the PO meant.
however your incorrect. the banks report to the CRAs once a month and it is a snapshot of your account on that day. If you were overdrawn by a £1 on that day it would be recorded. however the OD, from the day before would not, no matter how large it was.

stclair

ceredigion wrote: »

Not entirely sure that's what the PO meant.
however your incorrect. the banks report to the CRAs once a month and it is a snapshot of your account on that day. If you were overdrawn by a £1 on that day it would be recorded. however if the OD, from the day before would not, no matter how large it was.

The question was abit ambiguous in my opinion. My answer was based on what I thought was being asked. Given all of that the OP has not really said what context they are referring to.

I have been over drawn on many occasions and this has not been recorded within any of my credit reports regretably lenders do not report real time at represent. In general it would only be reported if you was was over drawn on a particular day the bank send the data.

Also lloyds don't show credit before debits so it so would record they have been overdrawn their statement if that's what they are asking.

colsten

Armorica wrote: »

For the exact time, you may need to speak to Lloyds.

agrinnall wrote: »

Why don't you just ring Lloyds up and ask them

Or use that new-fangled interweb-thing?

With our grace period, you have until 3.30pm (UK time) to pay in enough money to avoid any overdraft fees you may incur that day.

http://www.lloydsbank.com/current-accounts/personal-overdrafts.asp

Avoiding fees implies avoiding reporting of out-of-line situation to CRAs, although that's not done every day anyway as has been pointed out already.

stclair

Armorica wrote: »

I'm surprised no one knew the answer?

For the exact time, you may need to speak to Lloyds. But if they were recording it against you I suspect they may be in trouble with the regulator. They have recently agreed a re-tries process so the same should apply to overdrafts.

http://www.fca.org.uk/news/commitment-high-street-banks-retry-system

The retry process is to give customers the opportunity to pay money into their account to prevent charges not cover up the fact the customer went over drawn.

Not all banks apply credits before debits to cover up the fact they'd gone overdrawn like natwest / rbs do at present.