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[JamesV6CDX]

Just realised I am £30 below my overdraft limit, and I have my car ins DD going out tomorrow for £60! Agh!

Now, I've plenty of money in another account. If I go to the bank first thing, and pay in cash - will I be seen as going "over my limit" or incur charges, if I pay the cash in the same day the DD comes out?  :-/

[Gaffers]

I fear you have already been charged once and will get charged again unless you get the money in before the DD goes out.  Some DD are in the day others at night, its a pain!

[Entwood]

Most bank "reconcile" their accounts once a day .. in the early hours. If you have internet/phone banking and you do an electronic transfer from one account to the other NOW, it'll probably be "in" your account by tomorrow, but the DD won't "leave" until the next reconciliation ... so you MIGHT escape charges .. ??

This will only work if the accounts are with the same bank .. savings account to current account sort of thing

Only a thought .. not a guarantee ..  

[JamesV6CDX]

No way of getting it in, until bank opens

[Entwood]

No way of getting it in, until bank opens

What you COULD try ..  in first thing ... explain to cashier that you had to go overdrawn and couldn't get in to pay due to bank holiday, pay the money in and request reduction of charges as you had no options....

If you don't ask you don't get .... ??

[FRE07962128]

Just realised I am £30 below my overdraft limit, and I have my car ins DD going out tomorrow for £60! Agh!

Now, I've plenty of money in another account. If I go to the bank first thing, and pay in cash - will I be seen as going "over my limit" or incur charges, if I pay the cash in the same day the DD comes out?  :-/

Usually the bank will charge you a 'penalty' charge for having "insufficient funds to cover the DD".  However, if you go in tomorrow and explain that you have made an honest mistake, and you have more than enough funds in another account they may give you a refund.

However, this is never guaranteed of course with banks in the mood they are, and as I have bitter experience of with Abbey National you may have to protest quite loadly to obtain the refund.  Indeed with them I had to call their main centre to obtain any refunds as the branch was "not authorized" to do so.

As a matter of interest I secured a £2,000 settlement for "Penalty Charges" from the said bank after I sent my own 'legal' letters to them and took them to the small claims court, where in the end they backed down and paid me in full my claim before the hearing.

I trust your small mistake will be sypathetically dealt with James.

PS my banks appear to 'balance' debits / credits electronically at midnight as the DD / SO is scheduled to leave your account.  Insufficient funds at this moment will result in a charge.

[Mr Skrunts]

I also think it may depend on the bank as well.

[Markie]

I suspect they will charge, I would !

Or at least the bank i used to work for would have....

[Martin_1962]

You can argue at worst case - they will listen - especialy if you threaten to leave

[JamesV6CDX]

You can argue at worst case - they will listen - especialy if you threaten to leave

I threatened to leave when they reduced my overdraft limit - their response - seeya!

[STMO123]

You can argue at worst case - they will listen - especialy if you threaten to leave

Yeah.........and take your overdraft with you  

[JamesV6CDX]

You can argue at worst case - they will listen - especialy if you threaten to leave

Yeah.........and take your overdraft with you  

It's a pittance - I've enough in cash to pay it off... I may just do that, and use my Barclays account. I've had nothing but bad service from Nationwide.

[Martin_1962]

You can argue at worst case - they will listen - especialy if you threaten to leave

I threatened to leave when they reduced my overdraft limit - their response - seeya!

Go on then there are still some good deals out there - where are you going to go first for a mortgage?

[Martin_1962]

A&L seem to be quite good - I may move there - currently with Halifax and I do play them hard at times.

Avoid MBNA for ANY financial product - a bunch of crooks!

[CaptainZok]

Do bears s**t in the woods?
Theyre a bank, course the robbing barstewards will try to extract their pound of flesh at any opportunity.