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Possibly gone slightly overdrawn - suggestions wanted

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
So a twat of a "friend" used my debit card online to sign up for a porn website (whilst I was downstairs getting drinks and making food) and I found out this evening, when I noticed £20 was debited out of my account. I'm dealing with that, but doubt I'll get the money back.

So, I have two cheques floating around that I paid out, one on the 31st May and one on the 1st. Neither of which had today been taken out of my account.

Basically, when they do get taken out, I'll be £5 overdrawn, assuming one of them doesn't bounce, will it bounce? I'm hoping that they'll have been paid in late so it wont happen tomorrow and I'll have time to find some money to stick in. Unfortunately I'm in a transitional period between getting paid monthly and getting paid weekly, so I'm very skint.

If the cheques do get paid out tomorrow, what are my options? I have a classic account with Lloyds TSB. Have had it since January, and this is the first time I've risked going overdrawn. Feel like a pratt for trusting said friend, and will never leave card on my desk again. :banghead:

Comments

  • JsTJsT Posts: 18,268 Skive's The Limit
    One of the cheques will bounce more than likely.

    If not, you'll go OD and be charged lots of interest until you can back in the black.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    beat £20 out of your friend, pay it in cash in the morning, cash usually clears straight away whilst other things don't. might save ya..
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    or phone your bank and ask them to authorise a minimal buffer-zone overdraft for you, for £50 or something...
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I think I'm ok, one of the cheques (posted last thursday at the earliest) was posted 2nd class, so theoretically it wouldn't have been paid in until Monday, assuming they got it Saturday. Will see in the morning anyhow, nothing I can do until then except worry about it. :rolleyes:
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    You could do like Katralla said and put money into the account to cover it.

    Otherwise, if they were not guaranteed and you do not have an agreed overdraft facility, then they could well bounce.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Lloyds will charge you stupid amounts if you go overdrawn so you best phone them and ask for a temporary overdraft.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    \
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Now there's an idea :chin: Might do that, as he's not going to give me my money back. ;)

    I can arrange an overdraft online if I need to, anybody know what time online banking is updated? i.e. if the cheques are paid out of my account today, will it be updated at 9.30 or would it have been updated at midnight?

    Edit - Just set up a £50 overdraft (as that was the minimum value). If I don't go over £10 overdrawn it wont cost me anything, and should be able to pay that back soon.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Lloyds systems updates at something stupid like 3am.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Tweety wrote:
    Lloyds systems updates at something stupid like 3am.

    quite a few banks seem to these days

    though doesnt explain how i get paid at about 10.30pm every thursday night
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    same thng happened to me although i didnt have the twatty friend! my mums an accountant an she said for me to wait till my statement comes first off to see if ive been charged at all then if i am write a letter stating its never happend before , been a valuable customer, because of cheques, etc etc. an hopefully they should let you off with a warning
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    getting paid monthly and getting paid weekly, so I'm very skint.

    If the cheques do get paid out tomorrow, what are my options? I have a classic account with Lloyds TSB. Have had it since January, and this is the first time I've risked going overdrawn. Feel like a pratt for trusting said friend, and will never leave card on my desk again. :banghead:

    Hey i work for the Halifax i'll answer this - do you have an arranged overdraft already if so - then you will just go oevrdrawn and be charged debit interest - and on £5 that'll only be about 5p for the month. But if you dont have an overdraft facility on the account your in trouble because Lloyds will charge you for your banking error- eg writing a cheque without the funds - so i would go in and make sure that you actually have an overdraft facility active on the account.

    Secondly - when you write a cheque the person you give it to has 6 months to bank it after that it it invalid so they can potentially leave it until the six months and you might have foprgotten all about it and it will come out of your account. Once banked the funds usually take 3 working days to clear from your accoung into theirs but some accounts are 6 days - depends where they bank and what type of account it is -

    Hope this helps!:)
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