We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
When does LTSB apply charges - if there are charges?
taless
Posts: 244 Forumite
Hi,
I committed a bit of an error today. My wages get paid into my account yesterday (1 Nov), and I transferred most of it to my Online Saver account, without remembering that I have £250 that will leave my account on 2 Nov for my Monthly Saver account. (I am about £30 short of that £250, after taking consideration cleared funds + authorised overdraft)
I just recalled this at near midnight, and immediately logged in. I immediately transferred £250 into my current account, then changed my Standing Order date to 5 Nov. It was allowed. (Funnily I tried changing it back to 2 Nov again but a popup said that 'the date has passed, please try a further date', or something to that effect).
I kept checking my account until now, and no charges has been applied. My account statement never showed a Standing Order coming out.
So my questions:
1. I assume that I am safe, is that right? I wont be charged the exorbitant £30 right?
2. For LTSB, if there is indeed a "returned item", how will it show up on the statement?
Thanks a lot!
I committed a bit of an error today. My wages get paid into my account yesterday (1 Nov), and I transferred most of it to my Online Saver account, without remembering that I have £250 that will leave my account on 2 Nov for my Monthly Saver account. (I am about £30 short of that £250, after taking consideration cleared funds + authorised overdraft)
I just recalled this at near midnight, and immediately logged in. I immediately transferred £250 into my current account, then changed my Standing Order date to 5 Nov. It was allowed. (Funnily I tried changing it back to 2 Nov again but a popup said that 'the date has passed, please try a further date', or something to that effect).
I kept checking my account until now, and no charges has been applied. My account statement never showed a Standing Order coming out.
So my questions:
1. I assume that I am safe, is that right? I wont be charged the exorbitant £30 right?
2. For LTSB, if there is indeed a "returned item", how will it show up on the statement?
Thanks a lot!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards