Debit card unplanned borrowing fees

I___I

Hello all.

So I've been away for a while and when I got home I had a letter from the bank saying my debit card has gone overdrawn and they charged me a fee for every day of this.

Now it wasn't actually my fault, I was debited in error but irregardless the bank told me anyone with a mastercard/visa debit cannot remove this feature. The whole reason I only use a debit card is because I never want to get any debt, I want it to decline any transactions I cannot afford.

Is the banks advice actually true or was I mislead/misinterpreted ?

Thanks

Edi81

You have gone overdrawn on your current account.
An overdraft can be either planner/authorised or unplanned/unauthorised.

How much did you go overdrawn by?

What your bank is telling you sounds right.

I___I

I think it was 40p.

It happened to me in the past also when my phone provider overcharged me in error. I know in work I've charged people and it's said insufficient funds and not gone through so surely it exists ?! If so sign me up.

Robin9

I___I wrote: »

The whole reason I only use a debit card is because I never want to get any debt, I want it to decline any transactions I cannot afford.

A Debit card won't stop you - only you can stop you.

Any bank account needs your involvement to monitor what transactions are going on - it's easy to forget that standing order or DD which happens once a year, that Debit payment you made, the cheque that takes weeks to clear.

There are apps which can help but at the end of the day it's down to you.

stclair

Who do you bank with being charged over 40p sounds abit harsh.

Most banks have an automatic buffer of about £10.00 now a days.

If you was debited in error you may want to chase them for the fees.

Alternatively ask the Bank to refund the charges.

mgdavid

Simply don't run your finances so tight that 40 pence makes you go overdrawn.

rosieraspberry

If OP was debited in error OP may not be running finances so tight and the charge could have been for £150 but they only had £149.60 in their account.
Who debited this account in error? Maybe they will refund you the fees the bank charged you?
I agree it is confusing how sometimes payments would be knocked back due to insufficient funds and other times they'd go through onto an unplanned overdraft.

Robin9

I___I wrote: »

I think it was 40p.

......... it's said insufficient funds and not gone through .......!.

A person trying to pay by debit card, cheque etc who has insufficient funds causing the cheque to bounce will be charged by the bank.

If the person you are trying to pay is in business also has to represent the cheque will also have to pay charges - twice.

As mgdavid says - don't run your finances so tight.

PS are your charges related to an unauthorised overdraft ?

I___I

stclair wrote: »

Who do you bank with being charged over 40p sounds abit harsh....
Alternatively ask the Bank to refund the charges.

Cheers, I'm with Yorkshire, going to call them again later and see what they say.

rosieraspberry wrote: »

If OP was debited in error OP may not be running finances so tight and the charge could have been for £150 but they only had £149.60 in their account.

Yup you're right, well not quite £150 but more than the 40p :cheesy:

kinda surprising a few other peoples input seems to be 'it's your fault you should just have more money', yeah I'll take that on board and just have more money next time, problem solved :huh:

EssexExile

I___I wrote: »

kinda surprising a few other peoples input seems to be 'it's your fault you should just have more money', yeah I'll take that on board and just have more money next time, problem solved :huh:

People are not saying you should have more money, they are saying you should know how much money you have.

Although more money would always be nice.

I___I

EssexExile wrote: »

you should know how much money you have.

As noted in my original post I know how much money I have, I was debited in error. Either way all I asked was if there is a card/account that doesn't allow an overdraft, the snarky replies don't help answer my question at all.