A&L Premier / Premier Plus accounts (Merged Threads)

superfurry

I guess on every current account, you should set up an overdraft facility, no matter if you intend to use it or not.

Dan29

ceebee wrote:

It does raise an interesting point, in that I wonder how much money are the financial institutions raking in simply by the process of "Debit before Credit"

This has been discussed on here before and the general consensus seemed to be that if you accept the advantages of having an account with A&L (interest rate etc) you have to accept that their internet banking is not as good as that of some other banks.

For what it's worth though I've certainly seen a credit listed for my account with no debits before it on that day, but then logging in the following day debits have been inserted before the credit - the only answer seems to be to allow an extra 24 hours after seeing the credit appear before doing anything with that money.

ceebee_2

I invariably set up an overdraft facility "just in case". Also check the amount of overdraft facility and increase it, if permitted, "just in case".
Similarly, I operate a d/d for minimum payment to c/c's, "just in case"

suniil

sorry for *ignorant*

could anybody let me know the sort code of A&L online premier plus account?

Dan29

According to the front page of my cheque book it's 72 50 0 plus the first digit of your nine-digit account number. The account number then becomes the remaining eight digits of the nine-digit account number.

MarkyMarkD

Many sensible comments above re "debit before credit".

@ceebee - just because something doesn't seem logical to you doesn't make it "illegal". It doesn't serve your purpose very well during the course of a complaint to over-react with words like that. If a building society wants to insist you allow 7 days for a deposit to clear, before you can spend the money (as many do), it's completely within its rights. So for a bank (A&L) or building society (Nationwide) to insist that you have cleared funds available at close of business one banking day before making a payment is completely legal and up to them.

If Nationwide don't include the appropriate wording in their Ts & Cs, I can see why they refunded the charges. But A&L do have that appropriate wording in the Ts & Cs and there's no reason why they should refund the charges in similar cases.

Hence why I constantly recommend that people have as large an approved overdraft limit as they can, with any bank but particularly A&L, as this avoids the issue arising unless you make HUGE payments on the same day as funds arrive in your account. This is a no cost solution to the "problem".