Debit card - How long before ur account is debited?

[eonone]

Hi

 

Just got off the phone to Lloyds TSB and was told that my debit card immediately debits my account :s

 

The reason I phoned was because I made 2 payments on the 29th of August for 39 and 109 pounds (because I get paid on the 31st) and they got debited from my account on the 30th causing me to be overdrawn and theoretically costing me 60quid in fees.

 

I was under the impression that debit cards debited 2 days or more later, and this has been the case for as long as I can remember, has this changed recently?

 

ps. I bought something on 17th Aug for 250quid which didnt get debited until 21st which seems a lot more typical

[gage]

Doesnt usualy disapear from the account for a few days but gets held straight away so would have to be there when you did it .

[reload]

As gage says - there are usually two seperate balances on your account, current balance and available balance. Current balance is what's actually in there, Available balance is your current balance less what's due to be taken out over the next few days. If your available balance drops below your current balance limit before a payment is made, you'll be stung.

[Guest HUSBANDKHAN]

the amount is debited straight away and is held until the processing bank asks for it. usually 2-3 working days. but if the bank authorises it despite you not having enough money in your account then hell they should berefunding the overdraft charge as it is their fault

[gizmo111]

the amount is debited straight away and is held until the processing bank asks for it. usually 2-3 working days. but if the bank authorises it despite you not having enough money in your account then hell they should berefunding the overdraft charge as it is their fault

 

I guessthe ywould use the argument that you shouldn't have been spending what you knew you didn't have? Same principle as writing a cheque out knowing there are not fund there = fraud.