Halifax Text Alerts

PeacefulWaters

I've been lazy.

For a couple of years I've relied on Halifax text alerts to prompt me if I slide into arranged overdraft.

They've arrived without fail, early morning, and I've always been able to shift money around to get into credit to ensure no overdraft fees and bag my Halifax fiver.

It seems they've made a subtle change to the way the pay direct debits and standing orders.

If the payment will take you overdrawn, even into agreed overdraft, they don't make it in the morning - but they will make it in the afternoon.

This means that you won't get the text alert until the following morning. By which time you've forfeited your fiver and been charged £1 for a daily overdraft fee.

My fault. Not the end of the world. But something for others to be aware of.

Don't chuck away £6 like I just did!

FireWyrm

PeacefulWaters wrote: »

Don't chuck away £6 like I just did!

Without wishing to sound self righteous, but may I suggest that you make sure that you leave £10 sitting in you bank account every month for the next few months....then you will build up a 'buffer' of your own...one I trust you wont charge yourself such extortionate interest on if you do stray into it.

paragon909

PeacefulWaters wrote: »

I've been lazy.

For a couple of years I've relied on Halifax text alerts to prompt me if I slide into arranged overdraft.

They've arrived without fail, early morning, and I've always been able to shift money around to get into credit to ensure no overdraft fees and bag my Halifax fiver.

It seems they've made a subtle change to the way the pay direct debits and standing orders.

If the payment will take you overdrawn, even into agreed overdraft, they don't make it in the morning - but they will make it in the afternoon.

This means that you won't get the text alert until the following morning. By which time you've forfeited your fiver and been charged £1 for a daily overdraft fee.

My fault. Not the end of the world. But something for others to be aware of.

Don't chuck away £6 like I just did!

It is your fault, You said you were lazy. And am guessing your not checking your accounts using online banking, otherwise you would know what you need to do.

Not the bank fault, they dont manage accounts for people. it's personal accounts its up to the account owner to manage their finances.

colsten

paragon909 wrote: »

Not the bank fault, they dont manage accounts for people. it's personal accounts its up to the account owner to manage their finances.

PW didn't say it was the bank's fault. In fact, he said it was his fault. He also didn't say he expects the bank to manage his account. He just posted it in case others can benefit from the info. That's how I read it, anyway.

PeacefulWaters

FireWyrm wrote: »

Without wishing to sound self righteous, but may I suggest that you make sure that you leave £10 sitting in you bank account every month for the next few months....then you will build up a 'buffer' of your own...one I trust you wont charge yourself such extortionate interest on if you do stray into it.

I think you're preaching to the converted. I know how to manage my money and I know how to exploit banking products.

The post was more a warning message to others. I relied on the text alerts, they changed their processing rules and I let myself get caught out. Don't worry, it won't happen again.

paragon909 wrote: »

It is your fault, You said you were lazy. And am guessing your not checking your accounts using online banking, otherwise you would know what you need to do.

Not the bank fault, they dont manage accounts for people. it's personal accounts its up to the account owner to manage their finances.

I think you need to read my post again. At no point have I blamed the bank.

I check my banking online several times a week and I would hazard a guess that I'm more on top of my finances than 90% of the population.