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Unplanned overdraft? help plz
Lukas10333
Posts: 3 Newbie
in Credit cards
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
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Call your bank. No-one here can answer your question.0
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Maybe ask you bank to explain the difference between weights and measures, basic bank accounts and a credit card while you are at it. This will help you greatly when it comes to choosing the right forums for financial advice.0
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I don't quite understand what you're saying, whether an unexpected payment has come in to your account to show £1000 positive balance, or a payment you forgot went out and you're overdrawn.
Normally basic accounts don't have overdraft arrangements, and an attempted transaction causing one would be declined, but maybe sometimes it temporarily shows on the account before being reversed.
But whatever is going on, the main figure on the account will show the actual balance and perhaps sometimes, like if you're logged in or have a paper slip from the ATM, you might additionally see the available balance.
I agree with the others - call the bank.0 -
Lukas10333 wrote: »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
If your balance has decreased by over £1000 overnight, then that is not going to be charges but something that has debited your account.
As said, it is a little confusing with the way you have worded things.
If on the other hand it is a credit balance, then something has been paid in.
Either ring your bank or look at your statement. That will give you the date, name, type of transaction (eg DEB, DD, BGC) and the amount.
If you are not sure what it is, ring your bank. They will be able to tell you your account balance and available funds.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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