Rbs overdraft usage fee of £6 per month

derbylass

Hi, All

RBS have levied a£6 pm overdraft usage fee on my arranged overdraft in 2013.

I had a balance on my overdraft of £1900 and the only transactions going through were the interest charges. I was not using the od as such. I could not pay anything off it at the time so kept the paying the interest charges. I have now moved it to a 0% cc.

Can we claim these charges back?

DL

agrinnall

How can you say you weren't using the overdraft if you kept the balance at £1900? I think you need a lesson in elementary financial planning.

shortcrust

You don't have to have transactions going through to be 'using' an overdraft. If you have a negative balance on your account you're using your overdraft, and you continue to use it every single day until you pay off the debt.

derbylass

Hi,

No need to speak to anyone like that - Ignoramus!!

I am asking a relevant question!

agrinnall wrote: »

How can you say you weren't using the overdraft if you kept the balance at £1900? I think you need a lesson in elementary financial planning.

derbylass

Hi, Shortcrust

Thanks for your reply. I don't mind paying interest but not another £6 for using an authorised overdraft that did not go over the limit. This bank and probably others have no clear reason for charging another £6 per month on arranged overdrafts that so not go over the limit.
DL



QUOTE=shortcrust;68054887]You don't have to have transactions going through to be 'using' an overdraft. If you have a negative balance on your account you're using your overdraft, and you continue to use it every single day until you pay off the debt.[/QUOTE]

DCFC79

I thought the fees were only for non authorised overdraft

YorkshireBoy

derbylass wrote: »

I don't mind paying interest but not another £6 for using an authorised overdraft that did not go over the limit.

The time to do something about that was when they served you at least 60 days notice of the changes to your account T&Cs.


You didn't change banks (to one with more favourable overdraft charges), or repay the overdraft, so you accepted the introduction of the new tariff.


Not what you want to hear I'm sure, but that's how it works.

derbylass

Hi,

No, the fee was levied on all authorised overdrafts that did not go over their limit.

DL

DCFC79 wrote: »

I thought the fees were only for non authorised overdraft

derbylass

Hi.

Thanks for your post.
As far as I aware, I did not receive any terms and conditions notification. I was told by a person who works at the bank they would be levying an extra fee.
I will be calling the bank when I am off work next and see what they say.

DL

YorkshireBoy wrote: »

The time to do something about that was when they served you at least 60 days notice of the changes to your account T&Cs.


You didn't change banks (to one with more favourable overdraft charges), or repay the overdraft, so you accepted the introduction of the new tariff.


Not what you want to hear I'm sure, but that's how it works.

derbylass

Here is a link to a news article:
http://www.theguardian.com/money/2013/may/18/rbs-natwest-fees-penalises-borrowers

shortcrust

derbylass wrote: »

Hi, Shortcrust

Thanks for your reply. I don't mind paying interest but not another £6 for using an authorised overdraft that did not go over the limit. This bank and probably others have no clear reason for charging another £6 per month on arranged overdrafts that so not go over the limit.
DL

The problem is that they've charged you according to the terms and conditions of the account, and you agreed to those terms and conditions by continuing to borrow money by using your overdraft. If you didn't want to pay the £6 you should have taken your business elsewhere.