From: "tim....." 
Newsgroups: uk.finance
Subject: Re: Unauthorised Overdraft Charges
Date: Sun, 22 Apr 2007 10:23:30 +0100


"Ronald Raygun"  wrote in message 
news:kStWh.5132$Ro3.1948@text.news.blueyonder.co.uk...
> Peter Saxton wrote:
>
>> On Sat, 21 Apr 2007 18:08:42 GMT, Ronald Raygun
>>  wrote:
>>
>>>Andy Pandy wrote:
>>>
>>>> Informal overdrafts expire after 31 days, but there's no mention of how
>>>> long formal overdrafts last, they say they'll send a letter spelling 
>>>> out
>>>> the terms.
>>>>
>>>> I imagine the usual policy would be to give indefinite overdrafts to
>>>> "reliable" customers, if they don't I don't think they'll have many
>>>> customers left....
>>>
>>>I once presented a cheque which I wanted to draw on immediately (or the
>>>next day), and asked at the branch if that would be OK.
>>>
>>>Unsurprisingly, they said no.
>>>
>>>Surprisingly they didn't offer, but when I ventured to ask whether
>>>they'd consider giving me a temporary overdraft of £4k, they didn't
>>>hesitate to say yes.
>>>
>>>That was about 7 years ago, and the facility is still there.
>>
>> Isn't the first a decision for your "bank manager" and the second on
>> that is flagged up on your profile. I wanted to do something similar
>> and the branch said no but they looked at my screen and they said we
>> can give you an overdraft immediately. I think I turned it down
>> because I was only wanting to move money around.
>
> I don't understand what you're saying.  There are two decisions, one
> whether to decline to let me draw against a cheque just paid in, the
> second whether to authorise an overdraft.  I don't know how a "flag
> on my profile", whatever that is, can "make" the second decision.
>
> IIRC when I asked for the overdraft, the "yes" came immediately
> without referring back to a "manager".  IIRC when I asked the first
> question, she may have gone to check with a manager before coming
> back to say no.  It may well be that the manager told her that an
> overdraft would be OK, but if so I'm surprised she didn't offer it
> but waited for me to ask for it.
>
> All I know is that whenever I check my account online now, the
> accounts summary shows an actual balance and an available balance,
> and the latter is invariably £4k more than the former.  That tells me,
> I think, that the "temporary" £4k overdraft authorised years ago is
> still in force.

4K!

I got 900 pounds and was made to feel special for that.

Not that I have ever used it.

tim

>