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Question regarding bank..

£0.00 @
Basically im overdrawn on my overdraft. Currently im on a plan with them and that includes me paying back £10 a week. The current interest they charge me is £2(i asked this when i made a payment today…
rumblefish Avatar
banned7y, 3m agoPosted 7 years, 3 months ago
Basically im overdrawn on my overdraft. Currently im on a plan with them and that includes me paying back £10 a week. The current interest they charge me is £2(i asked this when i made a payment today) However,From december 6th, she said thats going to change. Anyone who is overdrawn will be charged £1 a day. Anyone who is overdrawn on their overdraft(Me) will get charged £5 a day??? i mean wtf, thats just insane.

My question is, i have a letter from the bank here with the agreed amount i need to pay back and the account is Frozen. Surely they cannot charge me that ridiculous amount of £5 a day. The women said she wasnt sure if this would affect me... do you think it will?
rumblefish Avatar
banned7y, 3m agoPosted 7 years, 3 months ago
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#1
If the account is frozen no changes can take place ( 99% sure )
my advice is to go to CAB
banned#2
get a loan and pay it off, aren't you earning? can't you put in place an agreed overdraft?
#3
what bank is it?
banned#4
Halifax
#5
simon012
If the account is frozen no changes can take place ( 99% sure )
my advice is to go to CAB


agreed on both counts
#6
Your bank account is listed as an account on Experian (as mine is).

Your current balance will be shown to anyone who accesses your credit report so it will affect you I'm afraid.

Can you try and see if they may freeze the interest?
banned#7
Rhianne
Your bank account is listed as an account on Experian (as mine is).

Your current balance will be shown to anyone who accesses your credit report so it will affect you I'm afraid.

Can you try and see if they may freeze the interest?


So your saying the interest of £5 daily will apply to me. for sure? i will ring them in the morning anyway just wanted a heads up. they wont freeze the interest. just the account...
#8
have a clearout on fs/ft and get it paid off :)
banned#9
superskilly
have a clearout on fs/ft and get it paid off :)


Nah..

its ridiculous... only went over by 27p
#10
So you'd rather pay £5 penalty than 27p?
#11
rumblefish
So your saying the interest of £5 daily will apply to me. for sure? i will ring them in the morning anyway just wanted a heads up. they wont freeze the interest. just the account...


If the interest does apply then it will show on your credit report as your balance will increase. They've got numbers too to say if payments are received on time or how late they are. For example, zero means that you've paid on time and 8 means you've defaulted.

Whether or not adding interest applies to you, I can't be sure. You'll have to contact the bank.
banned#12
Goonieman
So you'd rather pay £5 penalty than 27p?


No..

Thats how it all started... just by going over by 27p... its now at like £80 something
#13
rumblefish
Nah..

its ridiculous... only went over by 27p


How long did you leave it before you put money in the account.
#14
So why the hell didn't you pay the 27p!
#15
rumblefish
No..

Thats how it all started... just by going over by 27p... its now at like £80 something


Happened to my boyfriend's account with Abbey. Ended up over £150.

They just kept charging and charging.

I'd suggest asking someone can you borrow the cash.

You'll end up owing a small fortune.

Or, write to them and ask them if the fees can be waived, mention financial difficulty, they may be nice to you :santa:
1 Like #16
This it gonna be like the other thread!!

Try to get a family member to lend you the cash to pay back quickly. Then you can pay them a good amount back as you'll save yourself extra charges.


Anyone think bank charges are fair now???

I'd like to think that the only people who can punish us are police/courts etc. Does anyone really want banks to be allowed to choose how much to fine us???
banned#17
Goonieman
So why the hell didn't you pay the 27p!


Shut up will you.. i had a letter through a few weeks later explaining. i didnt even know i had gone over and at this point additional fees had been added...
#18
Benjimoron
This it gonna be like the other thread!!

Try to get a family member to lend you the cash to pay back quickly. Then you can pay them a good amount back as you'll save yourself extra charges.


Anyone think bank charges are fair now???

I'd like to think that the only people who can punish us are police/courts etc. Does anyone really want banks to be allowed to choose how much to fine us???


Don't go there! I'm still exhausted!! :p
#19
Rhianne
Don't go there! I'm still exhausted!! :p


lol!
#20
Benjimoron
lol!


Biggest brick wall I've ever banged my head against! :p
#21
Rhianne
Biggest brick wall I've ever banged my head against! :p


I've banged bigger, unfortunately.
#22
rumblefish
Shut up will you.. i had a letter through a few weeks later explaining. i didnt even know i had gone over and at this point additional fees had been added...


I'd suggest a letter to them.

Halifax. PO Box 548. Leeds. LS1 1WU.

State you are in financial difficulty and as a loyal customer would appreciate if the fees could be waived or reduced.

Tell them you think the charges are extremely unfair and you made a mistake and would have rectified it straight away had you noticed that you were overdrawn.

Propose a sensible payment plan (in case the above fails, which it probably will) and ask will they kindly freeze the charges on the account until you are back up to zero.

Worth a go anyway. You don't get if you don't ask!
banned#23
why don't you have an arranged overdraft in place?

dumb
#24
Benjimoron
I've banged bigger, unfortunately.


No doubt I will on here soon enough!

Made my day go quickly in work anyway. Had absolutely zero work so had something to do at least! :p
#25
lumoruk
why don't you have an arranged overdraft in place?

dumb


If he can't pay back the £80 then they probably won't let him have an overdraft.

I'm not going to be so childish as to call you dumb tho.
#26
lumoruk
why don't you have an arranged overdraft in place?

dumb


What if he can't get an overdraft?

We don't all live in the land of the excellent credit rating I'm afraid.

Can you just be nice and give some helpful advice or are you one of those people who makes others feel/look bad to make yourself feel/look better?

Here we go again.... :roll:
#27
Benjimoron
If he can't pay back the £80 then they probably won't let him have an overdraft.

I'm not going to be so childish as to call you dumb tho.


Get out while you still can! It's gonna blowwwww!!!!! :whistling:
banned#28
lumoruk
why don't you have an arranged overdraft in place?

dumb


some people really just chat *** on here... you dont know what your talking about. You dont know the situation... all i wanted to know was whether i would be affected by the added interest change. But yet idiots like you think they are clever coming into the thread talking crap..

dumb? says a man dressed as banana man?

i would say can you just leave the thread if you have nothing useful to say... but im guessing you will respond it seems people like you have nothing better to do.
banned#29
Rhianne
What if he can't get an overdraft?

We don't all live in the land of the excellent credit rating I'm afraid.


You don't need to have an excellent credit rating as long as you're earning something or even not they'll give you one, hell if you're a student they'll throw a £2000 free overdraft facility at you.
#30
lumoruk
why don't you have an arranged overdraft in place?

dumb


He's overdrawn on his overdraft.
banned#31
rumblefish
some people really just chat *** on here... you dont know what your talking about. You dont know the situation... all i wanted to know was whether i would be affected by the added interest change. But yet idiots like you think they are clever coming into the thread talking crap..

dumb? says a man dressed as banana man?

i would say can you just leave the thread if you have nothing useful to say... but im guessing you will respond it seems people like you have nothing better to do.


I asked you the questions at the start but you ignored them, you're the one who doesn't know what you're talking about as you asked here
banned#32
Goonieman
He's overdrawn on his overdraft.


Im glad someone can read.
#33
rumblefish
Im glad someone can read.


I can also drive a tractor :-D
banned#34
lumoruk
I asked you the questions at the start but you ignored them, you're the one who doesn't know what you're talking about as you asked here


You asked on the first page about getting an overdraft... yet i had said i was already overdrawn on my overdraft... i just left it instead of making you look dumb.
#35
Goonieman
I can also drive a tractor :-D


Ooo arr! :p
#36
I'd phone them up in the morning, tell then you hadn't realised that you went over and certainly not to the tune of £80. Query about going £80 over and get them to tell you that you only went 27p over yet they're charging you £80 for it. Then tell them that you think that's a little bit unreasonable, ask them whether they would think that's reasonable if they put themselves in the customer's shoes.

Tell them you're happy to pay the 27p back instantly but you object to paying £80 fine for 27p overdrawn. Start off nice and reasonable, give them a few prods and see if they'll do you a favour, if not then go in the big guns and get the manager etc. Keep arguing for an hour and they won't want any more wasted time so will waive it for you, hopefully!
banned#37
rumblefish
. i just left it instead of making you look dumb.


no just ignorant. They brought the new charges in to play because they thought they were going to lose the court case. Hopefully they'll withdraw the new charge scheme.
#38
lumoruk
no just ignorant. They brought the new charges in to play because they thought they were going to lose the court case. Hopefully they'll withdraw the new charge scheme.


You want them to go back to charging more???
banned#39
Benjimoron
I'd phone them up in the morning, tell then you hadn't realised that you went over and certainly not to the tune of £80. Query about going £80 over and get them to tell you that you only went 27p over yet they're charging you £80 for it. Then tell them that you think that's a little bit unreasonable, ask them whether they would think that's reasonable if they put themselves in the customer's shoes.

Tell them you're happy to pay the 27p back instantly but you object to paying £80 fine for 27p overdrawn. Start off nice and reasonable, give them a few prods and see if they'll do you a favour, if not then go in the big guns and get the manager etc. Keep arguing for an hour and they won't want any more wasted time so will waive it for you, hopefully!


Yeh hopefully i can sort it ... ill speak to the head office about it all.

Thanks to those who gave ADVICE.
#40
To answer your original question, I doubt the new charges will affect your account as it's frozen. Still worth giving them a call tho as it could make you £80 richer!

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