1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Does Halifax give you an unauthorized OD allowance?

Discussion in 'General Discussion' started by Lee2k4, 9 Jun 2006.

  1. Lee2k4

    Mobster

    Joined: 18 Aug 2004

    Posts: 3,524

    Location: Leeds, UK

    I need to go over my od but I don't like being charged (who does?) My m8 just said to me Natwest gave him a £25 unauthorized od allowance and he wont be charged as long as he don't go over that 25 quid mark. Is this an arranged thing or are all accounts with overdrafts like this?
     
  2. iBankAllDay

    Mobster

    Joined: 29 Mar 2004

    Posts: 2,926

    Location: Dundee/Forfar

    You will be charged if a payment is paid/unpaid that does/would take you in excess of your authorised overdraft limit. There is a tollerance of £30.00, however, that only comes in to play to avoid an unauthorised overdraft charge (£28.00), and does not effect paid/unpaid item charges.

    Hope that helps :).

    And oh, I would not advise you to go in excess of your overdraft agreement, all charges are avoidable but not if you encourage them of course ;).
     
  3. Liquid_Entity

    Soldato

    Joined: 11 Apr 2006

    Posts: 6,105

    Location: East Grinstead, W Sussex

    not from Halifax, I went £11 over my OD when my pay didnt go in and a debit payment was taken. They charged me £30 - NO SWEARING !!
     
  4. Lee2k4

    Mobster

    Joined: 18 Aug 2004

    Posts: 3,524

    Location: Leeds, UK

    Alright cheers, I don't like doing it myself as I've just only got out of a long battle with Halifax who threw 17 charges at me this year (long story). I just needed to draw £10 out but I have already used my od and I don't want to be charged 28 quid just for the sake of drawing £10 out.

    Cheers
     
  5. iBankAllDay

    Mobster

    Joined: 29 Mar 2004

    Posts: 2,926

    Location: Dundee/Forfar

    That would be a paid item charge. But from what you've said it would seem the charge is neither yours or Halifax's fault, is it?
     
  6. daz

    Capodecina

    Joined: 18 Oct 2002

    Posts: 23,969

    Location: Bucks

    My magic eight ball says "Don't bet on it"
     
  7. Drawoh Tesremos

    Man of Honour

    Joined: 15 Mar 2004

    Posts: 3,076

    Location: UK

    Me too. I went approx £10 over with Halifax earlier this year, and got charged £48. They can't complain that it cost them that amount to write the letter and deduct the amount, as it was all done completely automatically, with the letter coming by email. It just took one day longer than I'd expected for a five figure amount to get paid in.
     
  8. fatiain

    Sgarrista

    Joined: 16 Oct 2004

    Posts: 7,646

    Location: Pratislava, Berk-shire

    Got to pay for the shareholders bubbly somehow.
    </ fat bloke on the Nationwide Advert>