We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Unplanned overdraft? help plz
Options

Lukas10333
Posts: 3 Newbie
Hello,
I have a basic account in Lloyds Bank. At one time I had my balance 3.50 lbs. The next day I looked account and I was there 1,050 lbs. Can you tell me why? This is the unplanned overdraft? Can I use those money? What happens next if I use this money? I have normal work on contract Can I take to bank back this money on my paiday?
Thank you very much
I have a basic account in Lloyds Bank. At one time I had my balance 3.50 lbs. The next day I looked account and I was there 1,050 lbs. Can you tell me why? This is the unplanned overdraft? Can I use those money? What happens next if I use this money? I have normal work on contract Can I take to bank back this money on my paiday?
Thank you very much
0
Comments
-
At one time I had my balance 3.50 lbs. The next day I looked account and I was there 1,050 lbs. Can you tell me why
You have access to your statement. We do not. So, there is no way for us to tell why your balance has gone from £3.50 to £1050. Have you looked to see what credit was added to your account?This is the unplanned overdraft? Can I use those money?
Overdrafts do not add to your money. If you were overdrawn, it would show a negative balance.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Sorry about this lbs. My mistake. I do not understand that. When we use the money I pay any fees?0
-
Ask your bank if they charge you for using the overdraft, we don't know
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
Are you saying your overdraft limit has increased to 1050?
If you are, yes you can spend the money, and yes, you will be charged for it in interest payments.Non me fac calcitrare tuum culi0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards