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Question about Overdraft/Standing Order at Ulster Bank

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  • 01-12-2012 10:09am
    #1
    Johnny Hooker
    Site Banned Posts: 26 ✭


    Hi all

    Any help greatly appreciated.

    Rent goes out 1st of every month, so I asked in the bank and they said because the 1st falls on a saturday this month, the rent would be taken from the account on Monday 3rd December.

    Rent is 1000, there was 700 in the a/c my wages today which will go in would have cleared the 1000 for the rent

    But last night Ulster Bank took the 700 out and says im now -300, even though i dont have an overdraft set up on the account

    Will the 700 be sent back to my account or is the rent paid and i owe UB 300?


    Additionally is this a mistake on their behalf?

    Many thanks :)


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  • Options
    #2
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    The SO has been applied to the account leaving you overdrawn. You have till around monday morning to fix the shortfall or the bank may send them SO back unpaid and charge you 12.70. If they decide to pay the SO then you go overdrawn, get charged 4.44 and interested will be applied for being overdrawn.


  • Options
    #3
    Johnny Hooker
    Site Banned Posts: 26 ✭Johnny Hooker


    unclebill98 wrote: »
    The SO has been applied to the account leaving you overdrawn. You have till around monday morning to fix the shortfall or the bank may send them SO back unpaid and charge you 12.70. If they decide to pay the SO then you go overdrawn, get charged 4.44 and interested will be applied for being overdrawn.

    Cheers for that :)

    So if the bank send the SO back unpaid will my account be given the 700 back?

    And are the bank likely to pay the SO?


  • Options
    #4
    chris85
    Registered Users Posts: 4,502 ✭✭✭chris85


    Johnny Hooker wrote: »
    Cheers for that :)

    So if the bank send the SO back unpaid will my account be given the 700 back?

    And are the bank likely to pay the SO?

    Sometimes its paid, sometimes its not. The bank are in a loss-loss situation here. Customers will complain if they dont pay it out if they are good customers and never in this situation, others will complain if they do pay it as they dont have available funds. Ultimately an SO is you ordering your bank to pay an amount on a certain date each month so if they pay it then they have followed your instructions, if not then you needs to pay charges for the unpaid SO.


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