Why do my cheques not bounce anymore?

G-MAN2004

G-MAN2004

G-MAN2004

Caporegime
Joined
4 Jul 2004
Posts
30,779
My rent was due and I was expecting to have that money ready in my account, however due to other circumstances I have today found out that it will be another week. Landlord is fine with that, however Natwest have allowed the cheque to be cashed in and have left me in the negative. I wouldn't mind but apparently it's a £6 a day charge now, so that'll be about £42 in total which of course I'd rather not have to pay.

I swear in the past if I didn't have the funds, the cheque would simply bounce and I'd just call the bank and tell them to cancel? :confused: Why on earth would Natwest pay over £1k on my behalf, or is this just a sneaky way of making money off me? :(
 
I've had it with credit cards before - letting one payment go through to take me a fraction of the max, fining me for going over the maximum, and then refusing all future payments.

They've got to find a way of making profit now that virtually every traditional avenue has been cut off.
 
If you want to, you could always give them a call and complain.

So far, I've always had unexpected fees refunded on my accounts after an email or phone call.
 
You obviously have an overdraft facility.

If you didn't agree to one, then you would have a valid complaint.
 
I have a student overdraft, with a limit I've never been able to go over. This cheque has taken what money I already had in there plus all of the overdraft, and then pushed me an extra grand over that limit, when normally I would thought it'd be declined for lack of funds.

Just seems they are trying make money in whatever way they can. I'll give them a call.

Thanks.

neil_g said:
Wait, people still use cheques?! :eek:
Click to expand...

Yep, I thought this was odd too. :o
 
Yeah, give them a call and complain. Tell them the cheque should have bounced. If they don't do anything about it say you want to make a 'formal complaint' and then if you're not satisfied with the outcome of that you will go to the ombudsman. They'll reverse any charges.
 
Must be because your bank treats cheques as a "guaranteed payment" like a direct debit.

And also because no one has used a cheque since the 1980s. The computer probably had no idea when to bounce a payment.
 
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give them a rikng you';ll usualy get a fairly apologetic lass who wil lreverse the charges and ask if you need help.
 
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