because you appear to want it so that small overpayments dont cause you a problem?
If you dont want it, then you are agreeing you want them to bounce cheques and implement their penalties. If you dont like those penalties then move to another bank who have lower penalties that fit with what you are prepared to have because you are too pig thick to take a free overdraft.
Err... I neither need nor want an overdraft facility.
I do not write cheques beyond my balance (actually I very rarely write cheques, more normally just withdrawing cash from a bank itself).
And I am not 'pig thick'... please save your insults for someone else.
Axel
For precisely the reason we've been discussing, it's fairly easy to accidentally have a mismatch between payments and deposits, and it's a *lot* less hassle to pay 30p in interest on a couple of days overdraft than to sort out the consequences of having payments bounce.
Yes you did. You even said so in your original mail ! Thats why you got into your original problem.
lets see, you are pointed out a free facility that would stop you having penalties, yet you deny you need it, even though it would prevent the problem you seek to cure (accidentally writing cheques that exceed your balance)? You also appear to believe that even though the bank provide this free capability, they instead should come up with a special one just for you when you make a mistake on your account? That equals pig thick in my dictionary.
OK, if you want the full story, I stopped using this account so nothing was going in, nothing coming out - or so I thought. I didn't close it as I might want to go back to it, but I had forgotten this
8quid DD, all other DD's had been moved to a new account.Complete mistake on my part, no argument, I am totally in the wrong.
But 34.50 is an outrageous charge for a mistake which would have put me overdrawn by only £3. If you think it isn't, then I throw the same challenge to you, how much would they have to charge before you would agree they are being unreasonable, or is there no upper limit?
-LH
The amount is irrelevant, overdrawn is overdrawn and from their POV the effort to bounce the cheque and deal with the unauthorised overdraft is the same whether it's 3 or 3000 (or if you have a 5k overdraft and the amount is 5003). I don't think 34.50 is particularly outrageous as a charge, it probably exceeds the actual cost of dealing with it but it's reasonable to have some degree of penalty element to discourage people from doing it. I'm sure they publish their charge scale, they don't just make it up on the spot and you're free to use that as one of the elements when you choose an account.
It would have to be above the amount specified in their Ts & Cs, which you agreed to, (and which are also regulated so there is an upper limit). If their Ts & Cs said the charge was 1, then 1.01p would be unreasonable.
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