overdraft fees

[Rachel438]

This is probably a silly question, but please answer if you know -

my current account says I have £163 in -but the available balance is
-£17. ie on the available balance I have gone over my overdraft limit.

Which figure do the bank look at when charging overdraft fees?

(obviously I'm hoping the first figure)

Thanks

The amount you are actually overdrawn. Not based on pending payments but, your actual balance

oh dear - not good then - thanks for your answer

What do you mean oh dear if you said your actual balance is £163?

They won't charge you if you put £17 in now. It's on your "available balance" I.e. the positive one. Probably until midnight when the money goes out! You usually have the day in which you go overdrawn to put money in before you get over charged. It's a daily rate not hourly.

It's on your actual balance not the available balance as available balance takes into account pending transactions that haven't come out yet. Are you expecting money in to cover the -£17 ?

Thanks - I'm sorted then as was paid today

I think it's confusing as it said 'available funds' as -£17

Do you have a payment for £180 due to come out today?

No - why do you ask?

In fact - yesterday was payday - but just trying to work out if I will get bank charges

Its because £163 + £17 = £180. It could be a few transactions that add up to the final figure. If your balance never actually went under £0 then you shouldn't get charged