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HSBC overdraft fee

Elves Avatar
5y, 9m agoPosted 5 years, 9 months ago
does anybody know how much is HSBC overdraft fee? I didn't realise that my credit card direct debit went over my balance by £7.95.

however, on my balance it doesn't go red, but there is a mark "D" on the side.

is there anyway to get the fee back if i was charged?
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Elves Avatar
5y, 9m agoPosted 5 years, 9 months ago
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banned 2 Likes #1
This might sound like a strange idea, but have you contacted HSBC to find out?
#2
JonnyTwoToes
This might sound like a strange idea, but have you contacted HSBC to find out?


no, not yet, found out just now. also I don't know whether they are going to charge me or not
#3
Get the amount paid back in straight away, otherwise any fees will continue to accrue. Don't leave it until they send you a letter or statement, just get it in there now! I've known people go overdrawn by a few pence and not known it, and once they found out it was more than £50. Also, the fees charged will depend on whether or not it's an authorised overdraft - so ring and find out, and PAY IT BACK!
#4
HSBC allow temporary overdrafts with no charges once in a 6 month period, under their Fair Fees policy. If you haven't gone overdrawn in the last 6 months there there should be no charges.
#5
FrootCake
Get the amount paid back in straight away, otherwise any fees will continue to accrue. Don't leave it until they send you a letter or statement, just get it in there now! I've known people go overdrawn by a few pence and not known it, and once they found out it was more than £50. Also, the fees charged will depend on whether or not it's an authorised overdraft - so ring and find out, and PAY IT BACK!


I have paid back what's owed. do they charged daily or how does it work the way they charge?

Edited By: Elves on Feb 14, 2011 13:38
#6
peodude
HSBC allow temporary overdrafts with no charges once in a 6 month period, under their Fair Fees policy. If you haven't gone overdrawn in the last 6 months there there should be no charges.


are you 100% sure about this? i've never overdrawn for years, this is the second time, the first time was about 8 years ago.
#7
How long ago did your account go Overdrawn? Was it just this morning?
#8
it is actually only overdrawn today, because the payment was deducted today and i paid it back straight away
#9
You would need to ring the bank to find out what they are going to charge you, different accounts operate differently, even within the same bank. peodude may be right, but it may also be somethin gyou have to opt in to, or that only applies to specific accounts. You need to ring them!
banned#10
#11
i can't believe my luck. not only my HSBC overdrawn, my santander as well. it's to do with this switching stuff. arhgggggggggggh.. santander over by £1.46 and i have paid it back as well, but on the balance it's gone red.
#12
Elves
peodude
HSBC allow temporary overdrafts with no charges once in a 6 month period, under their Fair Fees policy. If you haven't gone overdrawn in the last 6 months there there should be no charges.


are you 100% sure about this? i've never overdrawn for years, this is the second time, the first time was about 8 years ago.


Yup, well that is certainly the case with my HSBC account, which is just a standard account.

As for Santander, most banks will not charge you as long as you put the money back in the account (sometimes before 3pm) the same day
#13
peodude
Elves
peodude
HSBC allow temporary overdrafts with no charges once in a 6 month period, under their Fair Fees policy. If you haven't gone overdrawn in the last 6 months there there should be no charges.


are you 100% sure about this? i've never overdrawn for years, this is the second time, the first time was about 8 years ago.


Yup, well that is certainly the case with my HSBC account, which is just a standard account.

As for Santander, most banks will not charge you as long as you put the money back in the account (sometimes before 3pm) the same day


for santander, hopefully, they don't charge me like you said. 'cause i've paid it back straight away.

fiuh... that's a relieve, 'cause it's going to cost a fortune for overdraft fee.
#14
Also with HSBC if you paid it in on the day you went overdrawn before 2pm I think, then you wouldn't incure any charges.

Santander were a nightmare company for me, but I feel as you paid it in 1st day then you should be fine.
#15
beth3735
Also with HSBC if you paid it in on the day you went overdrawn before 2pm I think, then you wouldn't incure any charges.

Santander were a nightmare company for me, but I feel as you paid it in 1st day then you should be fine.


oo..that's a huge relieve for me.
#16
thanks for for all your replies. it helps :)

if anybody know anything different pls let me know. thanks
#17
Some banks are just bar stewards though, i left Halifax after they charged me £67 for going 4p overdrawn
#18
peodude
Some banks are just bar stewards though, i left Halifax after they charged me £67 for going 4p overdrawn


blimey..i've heard overdrawn issue with halifax from a friend who had experience it.

i guess can't never be too careful with banks.

I shall wait and see if they'll charge me by beginning of next month and take it from there.
banned#19
peodude
Some banks are just bar stewards though, i left Halifax after they charged me £67 for going 4p overdrawn


Off topic slightly but to totally agree with Peodude, my folks story is a prime example.

To cut a long story short, they sold their house in Cornwall for quite a bit of cash - as they were waiting for the money to be sorted, they found another house they wanted and as my dad always pays cash for stuff (old skool), he needed to get his hands on 'X' amount of money to make the purchase, so in essence, he needed a VERY short term loan.
He went to the Abbey National (now Santander) who he banked with for most of his life, asked for a short term loan until the money from the house came through (he took all documentation to show proof of sale) and they turned him down flat.
He went round the corner to HSBC (who I bank with) and they offered it to him there and then with extra if he needed it.

To prove a point, he now has all his money paid into Santander and then arranges for same day transactions into the HSBC. Therefore it is never in the Santander account long enough to be beneficial to them, and he is possibly costing them money in terms of downtime due to the transactions they have to do.






Edited By: JonnyTwoToes on Feb 14, 2011 14:10
#20
peodude
Some banks are just bar stewards though, i left Halifax after they charged me £67 for going 4p overdrawn


As usual I have similar, 2 years ago was charged like £60 from Barcalys for being overdrawn for like 23p from about midnight till 10.30am where I became ab out 2 grand in credit..

They just went "tough, you were overdrawn"
#21
I went over drawn with HSBc last year by mistake, rang them and they advised me that if i put the money in to cover that day there would be no problem.
#22
manc80
I went over drawn with HSBc last year by mistake, rang them and they advised me that if i put the money in to cover that day there would be no problem.


that's good news for me, thanks
#23
I would suggest you ring HSBC to clarify as I was told all was ok once when I did a internal account transfer but it wasn't instant for some reason and they charged me. Hate HSBC.:(
#24
if they do charge me, would it be on the next month statement or the next day?
banned#25
Elves
if they do charge me, would it be on the next month statement or the next day?


Are you scared to call HSBC direct? You'd have saved yourself a lot of time.
#26
JonnyTwoToes
Elves
if they do charge me, would it be on the next month statement or the next day?


Are you scared to call HSBC direct? You'd have saved yourself a lot of time.


no, only have been waiting for 30 mins and still not getting through, thought someone who have had experience can tell me.
banned#27
Elves
JonnyTwoToes
Elves
if they do charge me, would it be on the next month statement or the next day?


Are you scared to call HSBC direct? You'd have saved yourself a lot of time.


no, only have been waiting for 30 mins and still not getting through, thought someone who have had experience can tell me.


What number are you ringing? I get through within 2 minutes every time I call.
#28
JonnyTwoToes
Elves
JonnyTwoToes
Elves
if they do charge me, would it be on the next month statement or the next day?


Are you scared to call HSBC direct? You'd have saved yourself a lot of time.


no, only have been waiting for 30 mins and still not getting through, thought someone who have had experience can tell me.


What number are you ringing? I get through within 2 minutes every time I call.


08457 404 404
#29
never mind, i'll go to the local branch this Sat
#30
Don't go to the branch, all they will do is direct you to the phones to ring the call center which I can assure you is not based in this country! It would be on next months statement
#31
Shellywelly
Don't go to the branch, all they will do is direct you to the phones to ring the call center which I can assure you is not based in this country! It would be on next months statement


oo.. thanks for letting me know.
#32
Elves
it is actually only overdrawn today, because the payment was deducted today and i paid it back straight away

Sorry only just read this, you are fine! I have done this, as has the wife. They do not start looking at any charges till the end of the 'banking' day. therefore if you go overdrawn at say 10am, as long as there is money in your account by around 3.30pm you will be fine. Just remember that the money you pay in to cover it should be either direct transfer or from another hsbc account or cash over the counter, etc... Other payment types may not clear in time eg. cheques, transfers from savings / other banks.

Edited By: manc80 on Feb 15, 2011 14:59
#33
manc80
Elves
it is actually only overdrawn today, because the payment was deducted today and i paid it back straight away


Sorry only just read this, you are fine! I have done this, as has the wife. They do not start looking at any charges till the end of the 'banking' day. therefore if you go overdrawn at say 10am, as long as there is money in your account by around 3.30pm you will be fine. Just remember that the money you pay in to cover it should be either direct transfer or from another hsbc account or cash over the counter, etc... Other payment types may not clear in time eg. cheques, transfers from savings / other banks.


thank you for replying, that's good news for me :)

Edited By: Elves on Feb 15, 2011 20:05
#34
Am overdrawn myself now, went other day to the cash point & managed to get 10 quid out even though only had balance of £9.39 - how?

Am now £10.61 drawn so what are charges likely to be plz?
#35
i have a £200 overdraft with HSBC and i went around £100 into that last month and i was charged 15p.

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