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overdraft and direct debits
lcgoodac
Posts: 43 Forumite
I have an arranged overdraft of £300 . I'm coming to the end of my maternity leave and will more than likely need to use my overdraft until I get my wage back when I'll pay it off.
Will my direct debits go out as normal if I don't have any money in my bank? Will they use my overdraft? Obviously I need my direct debits to go out etc so I don't miss payments etc.
Eg. £50 in bank.... £200 direct debit goes out so my bank would then be -£150? And the direct debit would have been paid.
Thanks
Lucy
Will my direct debits go out as normal if I don't have any money in my bank? Will they use my overdraft? Obviously I need my direct debits to go out etc so I don't miss payments etc.
Eg. £50 in bank.... £200 direct debit goes out so my bank would then be -£150? And the direct debit would have been paid.
Thanks
Lucy
0
Comments
-
Yes, if the agreed overdraft is available, it'll be used for DDs.
For an unarranged overdraft it's normally at the bank's descretion whether to bounce the DD or not.0
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