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How direct debits work....

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
Basically, I can't bloody well add £7.10 to £8.40 and I've ended up with £1 less in my bank account than I need to pay my bills. So I went to sleep last night expecting to wake up with bank charges and the lot.

Checked my bank this morning and it's not gone out yet. Clearly, this is a good thing, as I can go into town and put the extra goddamn pound back in my bank, but for various reasons I can't get there til about half 12, possibly later. What is the likelyhood of this going out before then? I really don't knowhow direct debits work.

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Im not very mathematical but il try to help

    i think direct debit is when they take money from once place and put it into another
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    They don't charge you for direct debits/standing orders, I think. They didn't for me, anyway.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If you have an account that credits cash immediately and you get to the bank today then you are probably going to be alright. DD don't have fixed times.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Franki wrote: »
    They don't charge you for direct debits/standing orders, I think. They didn't for me, anyway.

    They do, and it's usually more than for going over your limit/overdraft. I got charged once, but I went in and argued that I would've been able to put the money in, if those lazy bastards weren't having a bank holiday, and they refunded the charge. But I think it was about £30 compared to £10 for going over your overdraft.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Yeh it is possible for you to be charged for either;

    Them refusing to pay the D/D due to insufficient funds in your account
    or
    Them honouring the D/D and then charging you for going overdrawn

    I would go in discuss it with them and make sure any possible charges are removed...
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    They do, and it's usually more than for going over your limit/overdraft. I got charged once, but I went in and argued that I would've been able to put the money in, if those lazy bastards weren't having a bank holiday, and they refunded the charge. But I think it was about £30 compared to £10 for going over your overdraft.
    :chin:.

    They didn't charge me for my £30 standing order, even though they did charge me (£30 :grump: ) for going less than a fiver over what I had in there when I took some money out.

    I'm obviously not an expert, though, and I'd go with what everyone else said.
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