Argh, ******* banks!

Desmo said:
Nope, but then they all get added to the spreadsheet (as they have already ;)) meaning I still know how my account is balancing up :)
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You wubbs me really :D

/wonders if he has a special " Piggy " column :o
 
Desmo said:
From the same bank or two different banks?


Here's a handy tip for those that struggle to keep an eye on their finances. Set up a very simple excel spreadsheet. Set up the columns as Date, Money In, Money Out, Balance, Description. Set the formulas to keep a running balance and as you earn money, pop it in. As you spend money, pop it in. Add in all your regular direct debits and loans. You'll have a running balance which means you should never go overdrawn. I can look at my account months in advance to see how my spending today will affect my balance in the future. You can then also compare a balance on a certain day to make sure your bank account matches 100%. If it doesn't then there's a mistake somewhere. I've been doing this for around the last 10 years and it's kept me shipshape 100%. No charges on my account ;)
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Not that is a damn good idea! :)
 
FTM said:
I dont know whay people dont automatically set up an overdraft as a safety net..my bank doesnt charge for an overdraft so its always there in case of emergency but they will charge if its not arranged and I go overdrawn...its not used but if something unexpected happened with a DD I know I wont get any charges
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Who is this bank?

It's very rare that a bank wont charge at all for an O/D. Do you mean you didnt pay to set it up?.. Or dont pay any interest?... Or both?

If both, the only possible reason I can think of is it's a student account. And obviously, not everyone can have one of those.

Transfers:

Natwest-->Natwest = Instant
Barclays-->Barclays = Instant
HSBC-->HSBC = Instant

As soon as it becomes 3rd party ie HSBC-->Natwest... 3-4 working days, unless you use the BACS/CHAPS system.
 
Pezboy said:
It's very rare that a bank wont charge at all for an O/D.
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I think he means that unless you use it, it won't cost you a penny :)

And I have to agree. Get an O/D set up and if you never us it then great, but if you go overdrawn by even 1p for a day, you won't get all the silly charges :)
 
If it helps, with HSBC I used to have no overdraft limit on my account. So, in other words, I could not go overdrawn.

I was once overdrawn by £290 for 3 weeks on one of my accounts (missus and her compulsive spending disorder !) and HSBC didn't say a word. Didn't even charge me either !

Sorry... this probably isn't helping you much ! :)
 
Like others have said just get a bigger overdraft. It's a simple phone call and very little hastle to get it. About 2 years ago I phoned asking for a £500 overdraft and the lady said I could have an overdraft of £1350 if I wanted so I did.

It's been really handy for making large purchases from one account rather than having to shift the money around first before making a purchase.
 
Went into my local branch yesterday, they were shocked by what the woman said.


They:

a) Filed a complaint.
b) Refunded 100% of the charge.


Result. :)
 
Scarfacé said:
Went into my local branch yesterday, they were shocked by what the woman said.


They:

a) Filed a complaint.
b) Refunded 100% of the charge.


Result. :)
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I'm gonna bet it was only for customer service reasons, because of the agent, not because you put yourself overdrawn.
 
Pezboy said:
It's very rare that a bank wont charge at all for an O/D. Do you mean you didnt pay to set it up?.. Or dont pay any interest?... Or both?
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If it is pre-arranged then there is no charge. For some reason I got a letter from Natwest a couple of weeks ago saying I had a £500 overdraft. If I go over it though you do get hammered.

Pezboy said:
As soon as it becomes 3rd party ie HSBC-->Natwest... 3-4 working days, unless you use the BACS/CHAPS system.
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BACS is a standard bank transfer which takes up to 4 days :) Only CHAPS is instant but usually carries a £20-30 fee.
 
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