overdraft??

[nothappy8-(]

My fiance and me have a joint account with the nationwide we went to withdraw some money out of our account at 6pm tonight and found out it wouldnt let us (even though he got paid Tuesday) weve phoned the bank and they said they have removed the overdraft and that we would have to speak with collections who finished at 5pm so would have to speak to them in the morning weve had no notification that they was going to withdraw it.does anyone know if the are legally entitled to do this??

P.S Got no money on either of us as it was all in the bank which was our money for the month. Weve got 3 children who need money for school dinners, bus fare to get to school etc for the rest of the month.

Please any advice anyone..

Claire

[Will88]

Please take the time abd read this side. You would be surprised how many times the banks break the law. You can also clame all your bank charges back for the past 6 years and the your bank will not have a leg to sand on.

www.consumeractiongroup.co.uk

[dzug]

Most overdrafts are repayable on demand so legally if not ethically they are probably OK. It would be unusual for them to do this if you were keeping to the terms of the overdraft.

[malaise]

I used to work for a bank until quite recently. It was fairly common practise to take away overdrafts and / or "freeze" account activity. It's legal and above board, but can normally be rectified by speaking directly with the branch manager and explaining your situation.

[mandie73]

same thing happened to my partner, he phoned up and instead of removing the overdraft all together thay arranged for him to pay it back over a period of time, so one week his o/d would be say 300 the next 250 etc.