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    • Ronaldo Mconaldo
    • By Ronaldo Mconaldo 9th Jun 11, 9:01 PM
    • 4,984 Posts
    • 5,240 Thanks
    Ronaldo Mconaldo
    • #2
    • 9th Jun 11, 9:01 PM
    • #2
    • 9th Jun 11, 9:01 PM
    Don't go overdrawn then?
    Last edited by Ronaldo Mconaldo; 09-06-2011 at 10:02 PM.
    • dunstonh
    • By dunstonh 10th Jun 11, 9:20 AM
    • 92,651 Posts
    • 59,972 Thanks
    dunstonh
    • #3
    • 10th Jun 11, 9:20 AM
    • #3
    • 10th Jun 11, 9:20 AM
    can they do this!!
    yes they can.

    The amount they have charged me seems astranomical!!
    Best solution is not to take money from them that you are not entitled to. Indeed, at the moment, its the only solution.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Alpine Star
    • By Alpine Star 10th Jun 11, 11:18 AM
    • 1,253 Posts
    • 611 Thanks
    Alpine Star
    • #4
    • 10th Jun 11, 11:18 AM
    • #4
    • 10th Jun 11, 11:18 AM

    Best solution is not to take money from them that you are not entitled to.
    Originally posted by dunstonh
    The bank's T&Cs provide an express entitlement for you to request an unauthorised overdraft by virtue of you presenting a payment instruction when insufficient funds are available and it is entirely up to the bank as to whether it is granted.

    Will you ever learn?
  • jamesd
    • #5
    • 10th Jun 11, 1:28 PM
    • #5
    • 10th Jun 11, 1:28 PM
    Yes, they can charge for not paying things, for considering and accepting informal requests for overdrafts and for use of an overdraft.

    You don't have to accept charges at these levels. Charges are different at different banks and it might pay you to move some or all of your banking to a different bank. Perhaps you could set up a bill payment current account at a bank with low overdraft cots and also ask for an arranged overdraft facility so that you won't have more informal and often more expensive requests.
    • dunstonh
    • By dunstonh 10th Jun 11, 3:58 PM
    • 92,651 Posts
    • 59,972 Thanks
    dunstonh
    • #6
    • 10th Jun 11, 3:58 PM
    • #6
    • 10th Jun 11, 3:58 PM
    The bank's T&Cs provide an express entitlement for you to request an unauthorised overdraft by virtue of you presenting a payment instruction when insufficient funds are available and it is entirely up to the bank as to whether it is granted.

    Will you ever learn?
    No kidding batman. Talk about stating the obvious. However, that isnt what the OP is after.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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