Halifax OD Charges - Which Regulator to Complain To?

Dobbibill

twicebittennotshy wrote: »

But by not being able to calculate what the charges for the remainder of the month will be, I cannot calculate how much I will need to ensure remains in my account in order to avoid the charges taking me over my arranged overdraft limit.

With the fees debiting daily you can see how close you are to your overdraft limit - if you are at the top end of it then multiply the charges that day by the amount of days left in the month.

If they take you over your overdraft limit you will pay them back when you are back within your limit. Your card payments may decline though.

You may be better with a separate spending account.

Tom99

[FONT=Verdana, sans-serif]Arguing that “1p per day per £7” and “the higher your overdraft the higher the fee” are not easy to understand, will be an uphill struggle.[/FONT]
[FONT=Verdana, sans-serif]I don't think you complaint will get anywhere but you can try if you want to.[/FONT]