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In minus balance with bank, can i ask them to take it out of my next payment?
MivoUK
Posts: 6 Forumite
I have a minus balance of £150 on my bank account.
Also I've got an incoming payment of about £200 this evening.
I have a trip setup with my work this week which will earn me much more in the following week than i usually earn in a month back home. So its kind of an inconvenient time for them to take this payment.
Can i ask the bank to not take the owed £150 out of my £200 incoming payment? I'd rather they take it out next week as i get paid weekly into this account.
Can you ask a bank to do that?
Also I've got an incoming payment of about £200 this evening.
I have a trip setup with my work this week which will earn me much more in the following week than i usually earn in a month back home. So its kind of an inconvenient time for them to take this payment.
Can i ask the bank to not take the owed £150 out of my £200 incoming payment? I'd rather they take it out next week as i get paid weekly into this account.
Can you ask a bank to do that?
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Comments
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Its called an authorised overdraught.
You need to speak to the bank.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Its called an authorised overdraught.
You need to speak to the bank.
i don't have an authorised overdraught though?
Basically, I made a payment to freelancer.com and it didn't leave my bank balance immediately. I didn't notice this and slightly overspent resulting in a minus £150 in my account once they processed the payment.
Can I actually ring the bank and ask them to take it not out of this payment but out of the next? As said I don't have a authorized overdraught and my credit history is not great.0 -
i don't have an authorised overdraught though?
Basically, I made a payment to freelancer.com and it didn't leave my bank balance immediately. I didn't notice this and slightly overspent resulting in a minus £150 in my account once they processed the payment.
Can I actually ring the bank and ask them to take it not out of this payment but out of the next? As said I don't have a authorized overdraught and my credit history is not great.
Not really, your balance updates as and when funds are deposited.
Your only option is to ask for an arranged OD.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Without you talking with the bnk they will either make the payment but charge you heavily for an unauthorised overdaft od not make any payments which could make life difficult, they can also charge you for not making the payment. They are a bank so the do sneaky things at times Having an authorised overdraft does no mean you have to use it but can sometimes help you out.0
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Talk to your bank and explain you didn't intend to go overdrawn. Ask them for a temporary overdraft to repay it. They can then reduce it gradually. Also ask them about what charges you've acrued. If you're feeling brave ask if they can waive them.Loan 1 £5200/£8000
Loan 2 £300/£5800
Total £5500/£138000
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