Home Page
   Articles
       links
About Us    
Traders        
Recipes            
Latest Articles
Can the bank do this?

 
Post new topic   Reply to topic    Downsizer Forum Index -> Finance and Property
Author 
 Message
OtleyLad



Joined: 13 Jan 2007
Posts: 2737
Location: Otley, West Yorkshire
PostPosted: Mon Dec 07, 15 9:34 am    Post subject: Can the bank do this? Reply with quote
    

A mix-up/misunderstanding with a direct debit payment that I thought had finished resulted in a DD withdrawal from my business account when there was no money there. I was in fact going to close the account as I've stopped trading as an electrician.
The bank then charge me �30 for the DD being returned unpaid. This pushed me into overdraft by the said �30 so the bank then charge me a further �20 for being overdrawn (there is no overdraft facility on the account).
I thought they weren't supposed to be doing this sort of thing anymore or is that just for private (i.e. non-busines accounts)?

 
joanne



Joined: 28 Oct 2004
Posts: 7100
Location: Morecambe, Lancashire
PostPosted: Mon Dec 07, 15 10:05 am    Post subject: Reply with quote
    

I think for a business account they can do whatever the hell they like!

 
dpack



Joined: 02 Jul 2005
Posts: 46247
Location: yes
PostPosted: Mon Dec 07, 15 10:37 am    Post subject: Reply with quote
    

they can but if you explain nicely what happened they may waive the charges

 
Hairyloon



Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.
PostPosted: Mon Dec 07, 15 11:28 am    Post subject: Reply with quote
    

I think not. The direct debit guarantee should cover it all.
I would expect them to refund it all without trouble if you explain nicely as dpack says, but if they don't then go to the FSA.

 
Nick



Joined: 02 Nov 2004
Posts: 34535
Location: Hereford
PostPosted: Mon Dec 07, 15 11:50 am    Post subject: Reply with quote
    

The Dd guarantee won't apply if you only thought it wasn't supposed to happen, but it was. Only if the money was actually taken in error.

 
Post new topic   Reply to topic    Downsizer Forum Index -> Finance and Property All times are GMT
Page 1 of 1
View Latest Posts View Latest Posts

 

Archive
Powered by php-BB © 2001, 2005 php-BB Group
Style by marsjupiter.com, released under GNU (GNU/GPL) license.
Copyright � 2004 marsjupiter.com