Unauthorised overdraft fees

Discussion in 'Diamond Lil's' started by slim, Feb 23, 2007.

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  1. Over £50.00

    100.0%
  2. Over £100.00

    0 vote(s)
    0.0%
  3. When the account is in the red

    0 vote(s)
    0.0%
  4. Never

    0 vote(s)
    0.0%
  1. I think that the title says it all. The overdrafts were unauthorised. I have been with my bank since 1978 and have no problems. My current account is free so long as it is in credit. If I should go into the red by even one penny then bank charges are incurred for the whole of that quarter. I understand this so consequently never go into the red. I do feel though that the banks are being unreasonable charging high fees for customers going into the red by small amounts. However how is a small amount defined?
    Interested in feedback on this:

    http://news.bbc.co.uk/1/hi/business/4940250.stm

    Also worth a look

    http://news.bbc.co.uk/1/hi/business/6385665.stm
     
  2. I read somewhere that if and when a monthly charge is introduced even if you are in credit you can indulge in one of the banks goodies ( credit cards etc) and remain charge free as long as you stay in credit.
     

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