Small unarranged overdraft on a Sunday but in credit on Monday - credit rating impact

Rich2808

Unfortunately I got caught out by the short month of February and accidentally went into an unarranged overdraft of about £11 on Sunday 28 February but the account was back in credit first thing the next working day (Monday 1 March). This was on my Nationwide flexplus account - which I just use for the benefits (e.g. breakdown cover, phone insurance) so only pay the £13 monthly
I normally have a payment that goes in on 27th of the month (a Saturday in February) and normally well in advance of the last day of the month - that is when my standing order is set up for - but my other bank didn't transfer it until the Monday 1 March (next working day). But Nationwide charged the £13 monthly flexplus account fee on the Sunday.
I was wondering if this minor infringement over £11 on a Sunday will impact my credit rating/credit applications.
My fault I accept - I hate February - but just want to know the potential impacts!



 

[Deleted User]

It depends on whether it's reported to the CRAs. You may get away with it, but you'll have to check. 

If it is reported, it would be a very minor concern for lenders on an otherwise well managed file.

ldhme

This exact thing happened to me a while back, the £13 was reported to the CRA's as being in debit but with no negative marker attached to it. I have not experienced any impact from it.

MalMonroe

I think this kind of thing happens very often and doesn't have any negative impact on your credit reports. I also have a Nationwide bank account and would contact them to ask for my £13 back. I might also consider changing that standing order to a direct debit. Please don't hate February, it's my birthday month!   

2021BJ

MalMonroe said:

I think this kind of thing happens very often and doesn't have any negative impact on your credit reports. I also have a Nationwide bank account and would contact them to ask for my £13 back. I might also consider changing that standing order to a direct debit. Please don't hate February, it's my birthday month!   

Ask them for the £13 back for what reason?

[Deleted User]

MalMonroe said:

I think this kind of thing happens very often and doesn't have any negative impact on your credit reports. I also have a Nationwide bank account and would contact them to ask for my £13 back. I might also consider changing that standing order to a direct debit. Please don't hate February, it's my birthday month!   

The £13 was the monthly fee, charged per customer request, what reason would they pay OP back the money that OP was contractually obliged to pay? 

BeerSavesMoney

If it’s something you are worried about happening in the future why not keep the account balance at £13 and continue to transfer £13 monthly. That way if it does happen again you’ll still have £13 to pay for it.

Rich2808

Thanks everyone for the advice.
It was just the unfortunate and very rare incidence - perhaps once every 7 years - when the last two days of February were non working days. The next time that occurs will be 2027. 
And that my main bank doesn't make payments at weekends even though my payment was scheduled for the Saturday (27th) - but Nationwide applied the charge at a weekend (Sunday) as that was the last calendar day of the month!
In a normal February - or any other month - a 27th scheduled payment would always be paid  in before the last working day
Will ensure it doesn't happen in future - and I shall hope Nationwide don't record the unauthorised overdraft (£11 for one day - Sunday) on my credit report given my account was back in credit before they all arrived for work on the Monday morning!
A comedy of errors and mistimings,

Rich2808

Sorry just one more update/query.
Have just received by March statement from Nationwide.
The shows the £13 monthly flexplus account fee against 28 February but underneath this it says the 'Effective date 1 March'. 
Does that mean I am in the clear - as the effective date normally means the date a which a transaction is posted or takes effect as I was in credit at close of business on Monday 1 March? So I wasn't technically 'overdrawn' at all - only notionally?