Unplanned overdraft? help plz

Lukas10333

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

meer53

Call your bank. No-one here can answer your question.

pogofish

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.

redux

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.

Dobbibill

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.