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How long before I'm charged for unauthorised overdraft?

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  • 20-04-2016 12:04pm
    #1
    millivanilli
    Registered Users Posts: 131 ✭✭


    Hi, my account has just gone into overdraft this morning, I can lodge cash by 4pm today, will I still get charged for unauthorised overdraft if I clear it by later today? Thanks!Jill


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    #2
    Bank of Ireland: Nicola
    Closed Accounts Posts: 735 ✭✭✭Bank of Ireland: Nicola


    millivanilli wrote: »
    Hi, my account has just gone into overdraft this morning, I can lodge cash by 4pm today, will I still get charged for unauthorised overdraft if I clear it by later today? Thanks!Jill
    Hi Jill, thanks for getting in touch.
     
    If your account is overdrawn and you don’t have an overdraft facility at the moment then interest is charged from the date your account first goes overdrawn until the overdraft has been repaid in full.
     
    Overlimit item charges would also be payable. You can get the full details of the interest rates used and overlimit charges in the T & C’s here (if you take a look at section 13 the info is listed there).
     
    I hope this helps, let me know if you need anything else.
     
    Thanks
    Nicola


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    #3
    melissak
    Closed Accounts Posts: 1,873 ✭✭✭melissak


    Bank of Ireland: Nicola wrote: »
    Hi Jill, thanks for getting in touch.
     
    If your account is overdrawn and you don’t have an overdraft facility at the moment then interest is charged from the date your account first goes overdrawn until the overdraft has been repaid in full.
     
    Overlimit item charges would also be payable. You can get the full details of the interest rates used and overlimit charges in the T & C’s here (if you take a look at section 13 the info is listed there).
     
    I hope this helps, let me know if you need anything else.
     
    Thanks
    Nicola

    Is it not illegal to charge for a credit facility that is not requested?


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    #4
    cdeb
    Moderators, Sports Moderators Posts: 7,226 Mod ✭✭✭✭cdeb


    Would have thought by putting charges through the account to put it overdrawn, you were effectively requesting an overdraft?

    The alternative is to knowingly bounce a payment, which is illegal.


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    #5
    melissak
    Closed Accounts Posts: 1,873 ✭✭✭melissak


    cdeb wrote: »
    Would have thought by putting charges through the account to put it overdrawn, you were effectively requesting an overdraft?

    The alternative is to knowingly bounce a payment, which is illegal.

    I thought there was a case about this. Maybe this was in the uk


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