Halifax bank. check your statements

inaneredstripe

inaneredstripe

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Like a lot of peoeple i strayed into my agreed ovewrdrafty by a few quid over christmas.
just got a bank statement and discovered i have been charged £1 A DAY in chrges. for an AGREED OVERDRAFT.
that put me into my overdraft again.
result £60 in charges.
guess who's going down to the bank today to change some money out of his substantial savings accounts, then look for a new bank.
god, i'm fuming.:dummy: for annoyed.
 
come on be fair.... how else do you think they can afford such god awful advertising campaigns. And as for that Howard Brown... if i saw him.. outside my 'ouse.. leaping around without a care in the world...singing a song.... i'd say... OY! BROWN.... NOOOOOO... you may have worked your way up from customer services and now front the Halifax advertising campaigns... but I do NOT appreciate this bawdy behaviour in a suburban cul-de-sac.

sorry about that.... been watching harry enfield and chums on gold.

good luck... my guess is that they'll refund you in full :thumbs:
 
How else can they afford to pay their inflated bonuses; and do you know how much champagne costs now?!!!!!!

Ken
 
Did you go over your agreed overdraft?

If you didn't then go into your bank and demand they refund you

If you did then I am not sure why you are complaining, yes nobody likes being charged but at the end of the day it is up to us to ensure that we do not go over any agreed overdraft
 
no. just a few quid into the AGREED OVERDRAFT of £1000 over chrimbo.. which i have been into twice in maybe two years.
Ta leftcurl. that made me smile.
This charge appeared under the radar in small print on some leaflet sent out in statements a while back.
theyve got to pay for their directors bonus's somehow.
if i had gone over my overdraft Keith , i wouldnt be complaining.
that would indeed be my own fault.
i cant be the only person who's crept into their overdraft, and then had an unpleasant suprise, come the next statement.
a lot of people worse of than myself must be suffering beecause of this.
from 1.2% to a £1 a day is some hike. .
 
incidentaly i have just found out, that if you go over your overdraft, its £5 A DAY in charges.
jeeeez.
are they trying to bankrupt the poorer element of society?
or just get rid of the poor folks, so they can rake money in from the well off minority?
 
This was sent to me in a letter last november, I also have charged for going into my agreed overdraft.

If you go overdrawn even if its agreed you will be charged £1 upto £2500 then its £2 aday until you put youself back in credit, if you do not have an agreed overdraft then i think its £2 aday.

I am also going to be looking for a new back account, been with Halifax for 22 years, and the fact they still going to pay bonus they are going to lose my account.
 
This reminds me a lot of when banks decided (briefly) decided to charge customers £1 every time they took money out of someone elses cash machine.
I think I managed to rack up £50 in charges in one month :(
 
I think we will very soon see the end of free banking.
 
leftcurl said:
come on be fair.... how else do you think they can afford such god awful advertising campaigns. And as for that Howard Brown... if i saw him.. outside my 'ouse.. leaping around without a care in the world...singing a song.... i'd say... OY! BROWN.... NOOOOOO... you may have worked your way up from customer services and now front the Halifax advertising campaigns... but I do NOT appreciate this bawdy behaviour in a suburban cul-de-sac.
Click to expand...

They were the old adverts, Howard is long gone! now its a more annoying Radio show affair!

@inaneredstripe, I had issues with Halifax years ago, along with other members of my family. Result now no one in my family banks with them!
 
To be fair they did send me a letter last year specifically about this, and then another leaflet with a statement. What ****es me off is they tried to sell it on the 'making things easier for you' ********. Piffle, I knew if I went into my overdraft it would cost me a few pence for a few days. Not anymore.

It ****es me off and I am looking for a new bank mainly as a result of this.
 
The £1 a day thing has been around for a while, and was quite widely mentioned on news and papers etc....I don't understand how you have ended up with £60 charges though? as far as I am aware there is only the £1 a day interest, no other fees for going into a agreed overdraft.
 
Jimmy_Lemon said:
The £1 a day thing has been around for a while, and was quite widely mentioned on news and papers etc....I don't understand how you have ended up with £60 charges though? as far as I am aware there is only the £1 a day interest, no other fees for going into a agreed overdraft.
Click to expand...

As said, this has been around for awhile, in papers, news and even watchdog took a look at it and gave advice on what to do.... Also my dad got a booklet through the post regarding this last year from halifax
 
Sorry, but am I missing something here... you went over your o/d so its your responsibility... why the moaning. It may have only been a few quid but you still went over. Where do you draw the line? If banks said, ok, we only charge fees if you go more than £10 over your limit, there will be people who went £10.10 over so have to pay for the sake of 10p. Without sounding rude, if you know you are close to limits you need to check and do something about it.

All banks are the same though, so changing will do nothing.
 
garypm said:
I think we will very soon see the end of free banking.
Click to expand...

I hope not. I never, ever go overdrawn, I don't want to pay the bank to have my money earning them interest.

Cancelled my First Direct account when they introduced the charging nonsense.
 
I remember getting the letter about this and thinking if I go £1 into my agreed overdraft limit for just one day, they are going to charge me the equivalent of 36,500% p.a. for the privilege! And you thought unlicensed loan sharks were bad.

Needless to say I took all of my money out of my account, bar 1p. Don't know how much it costs them to keep my account open and to prepare my statements for me, but what do I care - serves them right.
 
It's the same (£1 /day) with Bank of Scotland which are HBOS
 
If you want to change accounts, have a look at the Co-operative bank or it's internet sibling Smile. Ethical banking with a bank that didn't have to be bailed out by the government.
 
Do what we do, as I am salaried and Eileen is weekly paid we use my salary to pay everything and have a few spends/saves Eileens wages pay for the day to day running and food and other weekly things, but if we do need anything we use the credit card but only if it can be paid back in full before our 30 day 0% limit, as for overdrafts which we do get asked regular if we want to set one up on the same £1 a day terms...........no thanks, we know where we are with our money and dont want it changing
 
I'm with Halifax, they pay me to look after my money, I've never used the overdraft facility, I don't use credit cards. If I don't have the money to buy something I just wait until I do.
 
Cash is king, if I don't have it, then I can't spend it.
 
Used to work for HBOS, doesn't surprise me, they did some stupid things.
At one time, they had a set of "hero" products to win new corporate business. If your company was in the right sector, and you needed a loan, they would let you have up to £1m pounds, or half of the loan amount, interest and capital repayment free for 12 months. SO you could borrow £2m, but only make payments on £m for the first 12 months. At the time base rate was 5.5%, so with 2.5% ontop, making 8% interest being charged, they gave you £80k in interest over the first year!!

How can a bank give away £80k just to win one customer and stay in business? oh yeah......

But don't get me started on the bonus argument, cos the majority of the bonusses paid are to your in branch managers in both retail and business arms. These are the people who deal interact with the customers on a day to day basis and are the ones who will generally do whatever it takes to make hings work for customers. WHen you compare what is earnt with those who work for financial planning companies, brokers etc, it is the bonuses that keep the good staff in the banks to keep customers happy.

It's late. i'll stop now...
 
cambsno said:
Sorry, but am I missing something here... you went over your o/d so its your responsibility... why the moaning. It may have only been a few quid but you still went over. Where do you draw the line? If banks said, ok, we only charge fees if you go more than £10 over your limit, there will be people who went £10.10 over so have to pay for the sake of 10p. Without sounding rude, if you know you are close to limits you need to check and do something about it.

All banks are the same though, so changing will do nothing.
Click to expand...

You are missing something.

This is not for going over your overdraft. This is the fee for using your overdraft.

There is no going over limits or anything here, just the agreed overdraft. OP did mention this more than once.
 
I just checked my bank's overdraft charges. For a planned overdraft they charge interest on the amount you are overdrawn and that is all, no transaction charges or the like.

For an unplanned overdraft (spending the bank's money without asking first) the charges are massive.


mj4456 said:
Cash is king, if I don't have it, then I can't spend it.
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My mortgage is with a tiny building society with no branches near me, I'd not like to have to drive >100 miles each month to pay it in cash and I'm not sure they would agree to that arrangement in any case.
 
inaneredstripe said:
Like a lot of peoeple i strayed into my agreed ovewrdrafty by a few quid over christmas.
just got a bank statement and discovered i have been charged £1 A DAY in chrges. for an AGREED OVERDRAFT.
that put me into my overdraft again.
result £60 in charges.
guess who's going down to the bank today to change some money out of his substantial savings accounts, then look for a new bank.
god, i'm fuming.:dummy: for annoyed.
Click to expand...


You should read the T+C's.

http://www.halifax.co.uk/bankaccounts/reward-current-account.asp

You get nothing for loyalty with banks. I change banks on a yearly basis, and go with who is offering the best deal.
 
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If you actually read the letters they sent out instead of binning them you would have been aware of the new charges
 
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