Bank Charges

[dyli795]

If your bank account fails to have enough funds to meet a direct debit there is a charge. Is the same true, if the outgoing, is instead a "standing order" ?

[dzug]

Yes. Also true of cheques.

[dyli795]

Thanks, I'll get there in the morning (Monday) and sort it out, stick some money in (cash) to cover the standing order taken each Wednesday. Should that be o.k. do you think?

[dyli795]

Or another idea; close my account there (there's only a bit in anyway. I get paid by cheque and just use it for that) I can't think of any penaltys in doing that can you ? I'm in the middle of moving house and would realy appreciate any answers from anyone "in the know "- unlike me alas :-[

[dzug]

Well the company you are paying the standing order to MAY have T&C concerning non payment.

Or you could just cancel the SO and keep the account

[dyli795]

Thanks dzug but there are no T&Cs, it was person to person. I was late in entering my cheque so I've succesfuly closed my account to avoid penalty for the short fall and resolved finaly and in full the matter with person concerned.
All's well.
Thanks again to all the A.B. ers !