Direct Debit Question

[debbz1969]

HELP!!! Just logged onto my online banking to find out that my wages haven't gone in and I have a large DD coming out today. This is sending me overdrawn. Can I cancel a DD on the day it is due to come out?? Rang the bank, very very unhelpful All they said is that I would be charged �38 for returned DD and that I couldn't cancel it. My wages will be in on Friday now but want to cancel the DD. Any help gratefully received......... Cheers in advance

[dzug]

If your employer has paid you late he should pick up the costs.

[factor-fiction]

The DD will already be on its way out of the account. The bank will expect you to have sufficient funds at the start of the day to cover the DD.
When should your pay have gone in? If they weren't due in until today that may have been too late anyway.

[debbz1969]

was told by the bank that as long as funds were in by close of business everything ok. If this is the case why can't it be cancelled by close of business.

[factor-fiction]

Because the direct debit has already been set up to go out today. The money willl have effecytively been set aside at midnight last night. I think this is the normal practice. You will probably find the T s and Cs say 24 hours notice is required for cancelling a DD. Anyway if you did cancel it you may find that causes problems with whover you should have paid- they may levy a charge.

If your employers have paid you late they should compensate you. When should you have been paid?

Which bank is it? Given what the bank has told you, you may be able to pay cash in today to cover the DD. Even if you have to pay someone �10 to lend you the money until Friday it's cheaper than paying the �38 DD charge.

[factor-fiction]

I hope your wages have gone in now.
I was wondering whether you had managed to sort this and avoid the bank charges?