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Question About My Bank

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Hi, I have a quick question I just need some clarification on;

 

I have my student loan money about to be paid into my savings account that I hold with Barclays,

And I am overdrawn on my current account to the tune of 1K ( this was the banks fault for withdrawing the facility without my knowledge, and I am refusing to pay them the full amount in a lump sum )

 

What I want to know is, can Barclays take the money out of my savings account to pay what I owe on the current account, or will it be safe?

 

Thanks

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hi the student

 

Welcome to CAG

 

They will have in their terms and conditions that they can do that. Unless you've got something in writing to say that they made a mistake, their systems will kick in.

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so would my best bet just be to open a new bank account for my grants to be paid into?

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Hi thestudent

 

Thats what I would do, open with a different bank, check to make sure it isn't part of the same bank. That way your not constantly worrying.

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