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LTSB taking money for card payments out of acct whilst O?D


Needabreak
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Yes they are allowed to do it, they call it "right of set off"

 

however, under Banking Code guidelines, it should not be used to the detriment of someones ability to pay priority bills.

 

This is an issue that has been highlighted in the media recently and there are related articles here....

 

BBC NEWS | Business | Banks taking 'payments by stealth'

 

BBC NEWS | Programmes | Moneybox | Have Your Say: Banks help themselves

 

BBC NEWS | UK | Banks 'take payments by stealth'

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