Nationwide charges on overdraft!

solentsusie

glentoran99 wrote: »

not quite, If you have an overdraft facilty and £50 in your account your available balance would be £50

If you go into your overdraft your available balance shows a minus amount

With Nationwide I have two balances showing on my account. One is the actual balance the other is what is available.

Whilst your actual balance shows as a negative when overdrawn you will still have an available balance showing as a 'positive' figure.

If you were overdrawn by £1, your balance shows as - £1 but you would have £199 as available. The £199 does not show as a negative.

Archi_Bald

My FlexPlus, which was upgraded from a FlexAccount, has a £500 overdraft facility and currently I have £2,500 in it. Both balance and available balance show £2,500.

Just for fun, I have just transferred £2,600 to a Nationwide savings account. Got a warning during the transfer that I will go overdrawn but that the overdrawn balance will be within the arranged overdraft - agreed. Now both, my balance and my available balance show minus £100.

May be they have different rules for different accounts. I can't test it with other accounts as the FlexPlus is currently my only Nationwide current account.

PeacefulWaters

JennyP wrote: »

Just asking for advice - not judgment!

I'm sorry for trying to help.

YorkshireBoy

pinkdalek wrote: »

My bank (Halifax) doesn't charge me for overdraft if the balance (including cheque) is in credit.

I'm not sure I follow? Are you saying they let you use the cheque value before day 2 or day 4, of the clearing cycle? Maybe that's because you're an employee and enjoy different terms from the rest of us?


OP didn't have sufficient funds to make the "various" payments initiated, so incurred at least 5 paid/unpaid item fees (they're capped at £75 a month) at £15 a time.


I suspect they may even have some unarranged overdraft debit interest to pay next month as well?

Thrugelmir

JennyP wrote: »

Just asking for advice - not judgment!

Well you did ask.

Have I grounds to complain?

So your points will get picked apart.

YorkshireBoy

It would have been a very short thread if we were only requested to address sentences that ended with a question mark.


Since it was a 'closed question', the first reply would have said "no", and that would have been the end of it!

glentoran99

solentsusie wrote: »

With Nationwide I have two balances showing on my account. One is the actual balance the other is what is available.

Whilst your actual balance shows as a negative when overdrawn you will still have an available balance showing as a 'positive' figure.

If you were overdrawn by £1, your balance shows as - £1 but you would have £199 as available. The £199 does not show as a negative.

Mine shows as negative on both available and actual, Flexaccount, Wonder if its different on different types of account, My ulster bank account used to be the way you describe