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Original poster

Overdrawn

13 replies

Dominodancer · 30/09/2006 17:33

I put a cheque in the bank yesterday. I have however only got a few quid my account. I have two direct debits coming out on Monday which is more than I have in my accout before the cheque clears.
I have never been in the red before.
What will happen?

Sorry if this a totally thick question.

OP posts:

Flossam · 30/09/2006 17:35

i've gone over my overdraft hugely this month - the bank have let me go a whoppin £250 over. out of it now but waiting for letter to arrive and heaven knows what it will cost me. hopefully the bank will see it as a one off for you and allow the cheques - would have thought overdrawn fees preferable to bounced cheque fees.

Piffle · 30/09/2006 17:36

ring them and tell them, if it is a one off they will or should be fine about so long as you tell them...

charliecat · 30/09/2006 17:48

Do internet bank? I aranged a small overdraft online with lloydstsb that was available instantly stopping the charges that would have occured when there wasnt enought money in.

Piffle · 30/09/2006 17:48

also which bank?

foxinsocks · 30/09/2006 17:49

yes you must ring them - you really don't want the fees for an unauthorised overdraft! If you speak to them now, they may come to some arrangement.

Milliways · 30/09/2006 17:54

If you have paid the cheque in it will show as uncleared funds, and if you have never been OD before, & the Direct Debits not TOO huge, you should have no problem. They work on an internal scoring system. No previous probs is a good sign. You should also NOT pay OD fees, but just interest on the amount of uncleared borrowing for the few days. Only pay OD fees if actually OD, not uncleared.

It is very harsh to return cheques for uncleared effects.

Original poster

Dominodancer · 30/09/2006 18:06

Hello, I'm with lloyds. I do have internet banking.
I did try to ring them first but got cut off once then rang back and now they have technical errors. arghhhh!

I shall do an online overdraft facility right now.

Thanks everyone.

OP posts:

charliecat · 30/09/2006 18:13

First time in my life ive been helpful on MN

anniediv · 30/09/2006 18:17

No it's not charliecat, if you're the poster I'm thinker of you are equally rude as me about sht parking outside schools, which motivated me complain to our school, which got them to make a sign telling people not to park where they shouldn't. And some of them don't any more, which is a partial victory that you* are partly responsible for.

PS Dominodancer, hope you get it sorted.

Original poster

Dominodancer · 30/09/2006 18:22

Well I got suffiecient funds now to cover the direct debits.

And a lesson for me to leave my card at home when shopping. Or better still don't go shopping in the first place.

Thanks.

OP posts:

charliecat · 30/09/2006 18:39

Wahey annie Do you want to accompany me to my school?
Good stuff domino

anniediv · 30/09/2006 23:17

charliecat, I know you will appreciate this. When I told someone they weren't allowed to park on the school drive (and effectively block it) I was told "I have to park here, I have my child to pick up at 3.30" Really? And I suppose all of us walking and parking sensibly are just school gate groupies who like hanging around at chucking out time???? Grrr

Domino, glad you're sorted. Money worries are horrible.

charliecat · 01/10/2006 09:00

OMG. At dds school there is legal, safe parking on the other side of the road and they STILL hump up the kerb on the double yellows. make me rage. Im going to have to go into the office and see if they can get the kids to make a sign...maybe Mummy and Daddy Please Dont Park Here...

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