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Overdrawn and crippled by charges
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blondie4281
Posts: 60 Forumite


My husband and I have become overdrawn in our Barclays Joint Account. We are being charged £100pm because of this. We feel the charges are too high in comparison to other banks, but are uncertain about how we might change accounts while owing with amount. How might we sort this out? We cannot take out a loan - we have one currently running which we are paying back successfully with my husbands bank - Lloyds, but we still have a way to go.
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See the recommendations at http://www.moneysavingexpert.com/banking/cut-overdraft-costs but that sounds like it must be a pretty substantial overdraft to incur servicing costs at that level, are they consistent with the Ts & Cs of the account?0
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A loan won't solve your problem, it will just move it.
Is this a planned overdraft? Or are you exceeding your overdraft limit?
Speak to Barclays and look at why you are incurring charges that are so high. Also address what caused you to become overdrawn.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.
If you can't be the best -
Just be better than you were yesterday.0
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