Bank fee for insufficient funds to pay a direct debit

[koster]

Is there a bank which doesn't charge �25 if you don't have enough money in your account to pay a direct debit?

My bank is HSBC.

[cazzz1975]

Have you tried asking for an overdraft? maybe you have to look into your finances and get to a situation where your direct debits dont bounce.

failing that maybe you should find an alternative to direct debit that will prevent the charges being incurred, ie pay by cheque/cash, at least until you regularily in the black

[koster]

Thank you for your input, but I wasn't looking for financial advice - I would just like to know whether all banks charge �25 for this.

As it is I do not have any direct debits other than for companies which force you to pay by direct debit, e.g. the Student Loans Company, and companies which charge extra if you don't pay by direct debit, e.g. BT.

[DONNA1458]

have a look at this it may help

http://www.thisismoney.co.uk/campaigns/bankcha rges/article.html?in_article_id=409144&in_page _id=507

[koster]

Thanks, it's an interesting article. But it doesn't say what banks charge for a direct debit that doesn't go through. It only talks about unauthorised overdraft fees.

[pug100]

What you are doing is an unauthorised overdraft. In other words you are paying out more money than you have in your account. All banks will charge for this the amount will vary but �25 seems to be the going rate.
If you have trouble managing your finances then why not arrange an overdraft with your bnak manager. It will probably cost you less in the long run. BTW the bank will charge you interest on the amount you borrow from them each month.

[koster]

Thanks for replying.

However, I wish it was possible to ask a question about BANKS' FEES without receiving an answer about MY FINANCES. Please don't make assumptions.

The fee I was asking about is a so-called "administration" fee for a direct debit not going through. It is not an unauthorised overdraft fee. Interest and charges for being overdrawn are separate issues.

[Ethel]

I know my bank, Nationwide, charges �25 for this.

I then found myself trawling through the banks websites to get your information - Alliance and Leicester charge �34 I was surprised to see.

Then I wondered why you can't do this yourself. It'll take time, but you'll get there.

Try Barclays, Lloyds TSB, Halifax, ICI, Bank of India, Natwest, Royal Bank of Scotland....I'm sure you can think of some.

[bednobs]

abbey dosent charge 25 quid - it charges 30