Temporary Overdraft for Charges

[Buzz]

Hi All,

On my last statement, it said that due to two bounced direct debits, they would be taking £60 from my account within 28 days.
Meant to put in a right of appropriation for my wifes wage from her part time job that were due in around the same time, but forgot all about it.!!

Anyway, went to draw out the wages and realised that the £60 had been taken and all we could draw was £10 of the wages.

Telephoned Nationwide and tried to bluff the right of appropriation, "must be lost in post" , etc. (thought was worth a try!), but to no avail and told the usual "Wont refund charges till OFT decision" etc., blah.. blah..

After many calls to various departments, they put me through to collections and the lady said she would give me a temporary overdraft to cover the charges, but has to be repaid within one month, so I agreed as was desperate for the money.

My question is: I have opened an account with a different bank.
If I get all my money put into this and stop using the Nationwide one and they ask for the overdraft back, then can I turn the tables and reply that as the overdraft was to cover charges, I will repay when the OFT have decided the outcome?

What do you think?

Would be nice to turn the tables on them

Buzz

[Guest]

Re: Temporary Overdraft for Charges

Good idea.

Do it.

Of course, you will run up further charges on the account while they wait to be repaid...

[Budgie]

Re: Temporary Overdraft for Charges

Good idea.

Do it.

Of course, you will run up further charges on the account while they wait to be repaid...

Buzz,

As well as further charges, there will be interest to be added, then probably more charges, more interest, some nasty letters, phone calls, a default notice, maybe a court claim and then a judgment against you etc etc.

On the other hand your plan may work and the Bank come back to you and say that's OK sir, no problem we will do exactly as you suggest !

The other thing to bear in mind that these are recent charges so are covered by the latest versions of the Banks T+C's . If the Banks win their appeal regarding the initial judgment in the test case then you will probably still have to pay these charges plus all the additional charges and interest etc the Bank will whack onto the account.

Sorry, just wanted to expand upon the negative side of this idea, that Cetelco had sort of touched on in his reply to your original post.

A few questions, are these the first charges you have incurred on this account? Which Bank is concerned? Have you an outstanding or stayed claim against this or any other Bank? Do you consider that you are suffering financial hardship in line with the criteria detailed in the updated version of the FSA complaints handling waiver?

There may be another way of getting these charges sorted out without taking the potentially risky road that you may be embarking upon.

Regards Budgie

[Buzz]

Re: Temporary Overdraft for Charges

Thanks for both you replies.

I can see the implications, but I just thought it was worth a try
Not bothered about a judgement. Can soon wallpaper my living room with them so one more wont hurt! (!)

The thing is that the banks are being very crafty. Not refunding till the decision is finalised, but they are still taking them.

The only thing I am worried about is that I agreed to the overdraft, whereas say I had a zero balance at the time of the charges being taken and then was put into overdraft because of them, would it be different?

It is my own fault really. I have had charges refunded on a couple of occasions, so I should imagine they are getting fed up with me.
I have been signing on for a few weeks since my employer disappeared with a load of my money and my benefit hasn't always gone into the bank to cover my direct debits. A few occasions the DSS have forgotten to pay it in and sent a giro a few days later so I have incurred the charges.


Buzz

[argentarius]

Re: Temporary Overdraft for Charges

If you have been charged due to a DWP error, you should be reclaiming any relevant charges from them. There's no excuse for them failing to make a BACS payment which is due, on its due date, and sending a giro instead is not good enough.

I always advise people to firstly go after the person/entity which caused the charges (assuming that it's not themsleves), rather than complaining to the bank about them.

[Buzz]

Re: Temporary Overdraft for Charges

Hi,

I did approach the DWP but they said that they cannot be liable, as sometimes they need to send a giro out instead of BACS (Didnt give a definite reason)
Its like all government related organisations, they always have a clause

[argentarius]

Re: Temporary Overdraft for Charges

Hmm. Sounds like a bit of a fob-off, to be honest. Can you understand any reason why they were incapable of making the particularly payment(s) by BACS?