Thread: Repaying overdraft after closure of Account

Hello All,

Our friends at A&L, upon closure of account facilities as a retaliatory gesture, are requesting the repayment of overdraft monies. Fair enough, however the standard letter arrived this morning threatening legal action etc, etc. I'll repay the money due, however, I want to pay it back on a monthly amount as they chose to shut the facility. Can I communicate to them that I'll repay a specified amount per month?

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Yeah, through the fos? I've written to complain and mentioned the ruling though I don't know how this will help me at this time. I want to be as difficult as possible for them therefore repaying a minimum amount back each month.

That sounds like a terrific idea!! Are you aware of the legalities on that or if anyone else has gone down that route? I'll test the water with a written response to their threats. Thanks for the responses.

Just received a letter from A&L today saying as I'm unable to pay the overdraft my account has been closed. This is contrary to their previous assertions that the account was closed on 12th February!
Maybe this is because the fos are on their case or just an example of their administrative shortfalls??

Could this be further evidence to use against them??

Quick question: is an overdraft regulated under the CCA?

Could I butt in here, sorry being cheeky, but if you have an overdraft which is currently being paid monthly (With A&L) via a debt management company and you claim for charges, which I am, are they entitled to use that to offset the overdraft? They shut my account, without any prior notice and they just say now because I couldnt pay it back thats why they shut it ? I'm not sure they can do this either.

Many thanks for any advice

Am watching this one with interest as I too have an overdraft with A&L which has gone over my agreed amount (because of all the charges) and I have stopped paying my salary in because it was just getting swallowed up - they are now threatening all sorts because of this and have also 'closed' my account, they have stopped my access put it that way. And yes I am at the claim stage where they have just entered a defence.
I'm more worried about this overdraft though - what can we do????
Any advice would be great...
Thanks
pinky

Hi Pinky & csunset. I think my position is different to both of you as I received a refund of charges but still had the outstanding overdraft. I don't for one minute suggest that I'm trying to wriggle out of repaying, it's just that I'm concerned about their underhand tactics and that the closure put a strain on finances as the overdraft was an essential buffer zone.
The fact that they are causing you both hardship is disgraceful. I'm still waiting for the fos to catch up with my complaint (including the "double" closure??) and would like to CCA them if appropriate.
Hopefully someone else can advise you on your predicament?

Can the bank be sent a CCA request for overdraft??

Hi Zander

I would think any financial institution can have a CCA request, I would imagine though that the Alliance & leicester would have one though.

Although they upgraded my account and I dont remember agreeing to that or signing anything so maybe ??