My Bank is charging me for going over my overdraft what can I do?..

Question

My Bank is going to charge me £75 for being overdrawn. I went into the bank today to ask if they would cancel the charge and the manager said no because I hadnt gone overdrawn with one item. Is there anything else I can do? Has anyone else had a similar problem?.

Answer 1

Do you expect your bank to just give you money when you want it and let you pay it back when you feel like it?

Get real!

Answer 2

it sounds like your with ltsb.

unfortunatly at the moment with all leading banks runing with the test case there is nothing that any banks can do with charges.

banks now have very strict rules.

it depends how much you went over by. how many days you were overdrawn by and also if u have been overdrawn in the last 12 months if you have then iam sorry they wont do anything the only thing you can do is put a complaint in by writing they will hold it untill the test case is over

i hope that helped

Answer 3

Did the bank not explain the rules when you opened your account and asked for an overdraft facility, if not then you have them by their short and curls but if they did then they have you by the same.

Answer 4

The bank is quite within it's rights to chatge you for going over your overdraft. If you don't want to pay these charges the only thing you can do is try to manage your money better, don't go into the red and then you will not be charged

Answer 5

It's how banks make their money.

Your money is free to withdraw at cash machines, you can make interest on you money, your not charged for using your cheque books....People in the UK get a good deal compared to some other foreign banks which do charge you for withdrawing your money etc.

However, there was something that came up in the government about trying to get banks to stop charging so much if you go overdrawn...but they responded about then charging customers on other things...

Sorry but there's nothing you can do about it.

Just try in the future not to go overdrawn or get a planned overdraft....Atleast now you know :)

Answer 6

If you can't afford to pay it all at once call the general enquiries, tell them about the issue and ask if you can be transferred to someone about setting up a payment plan. That will stop you from getting charged any more. :)

Answer 7

No you`ll have to pay up.   And.   You won`t like this bit.   Its your own silly fault.   Everone knows by now.   If you go into the red.   They HAMMER you.