No charges for Lloyds business A/C despite receiving letter saying they would charge from Nov 2019?

topoftherock

Hi guys, I’ve had a Lloyds business account for over 18 months, and I had a letter stating they would charge £6.60 per month from the 12th November 2019. However, I still haven’t been charged, and I’m starting to wonder why? Does anyone have any ideas? Do the charges normally come straight out of your account? P.S I have money in my account, so it shouldn’t be a problem.

jonesMUFCforever

Have you made any transactions on the account?

Normally yes the charges would be taken from the account.

born_again

Did it state how often it would be taken?

While it maybe a monthly charge, it may not be taken every month.

topoftherock

jonesMUFCforever wrote: »

Have you made any transactions on the account?

Normally yes the charges would be taken from the account.

Hi there, the only transactions I make is transferring money from this business A/C to my normal current A/C . And of course, my monthly income goes in there. Apart from that, I don’t use it for anything else.

topoftherock

born_again wrote: »

Did it state how often it would be taken?

While it maybe a monthly charge, it may not be taken every month.

Hi there, I need to check it again (it’s in a massive file, so I’ll have to do some digging) , but I don’t seem to remember the letter saying anything else other than it being a monthly charge. Are there some business accounts in which the monthly charge is taken out once a year then?

Nearlyold

If its like our Lloyds Business account and is charged from 12th November, it will be invoiced with your December statement and deducted around the 20th January.

topoftherock

Nearlyold wrote: »

If its like our Lloyds Business account and is charged from 12th November, it will be invoiced with your December statement and deducted around the 20th January.

Thanks for the info!