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HSBC - Overdraft set-up fee


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Hello Forum!


this is my first post so here goes.


My student account was recently changed to a graduate account in august 2013.


last month 16 November - 15 December i went over drawn 4 times.


25 nov - £28.83

4 Dec - £64.76

11 Dec - £140.32

12 Dec - £187


each time incurring a charge of £25. I was not aware that these charges would be taking place until i received a letter notifying me that on 6th january they will be taking £100 from my account.


after calling HSBC they notified me that since this letter went out i have received a further £150 in charges for exceeding my overdraft.


bringing us to a total of £250 over the next two months.


any advice on how to contest the charges?


i realise i didn't read the changes in terms of my bank account with hsbc upon graduation but feel these fees are far too high for what i went over. in most cases for a day or two.


i am currently only employed part-time whilst i set up my own self employed business and fear that these charges will be crippling to me moving forwards in the new year.





after speaking to hsbc on the phone further, they have agreed to not charge me any interest on the account untill february when they expect me to be back within my overdraft limit including paying charges.


as a goodwill gesture they waived £50 from the second months charges.


leaving me £200 out of pocket...................


suggestions welcome!!!



many thanks

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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The fact they have issued a gesture of goodwill shows that they know they are in the wrong, but they are still going to milk you.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


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May also be worth you opening another Account with another Bank/Building Society for your income to be paid into.


At least that way you can complain and pay back your HSBC overdraft at your own set rate rather than being broke.



NEVER telephone a DCA

If a DCA rings you, refuse to go through the security questions & hang up!


If I have helped you, click on the star & say thank you

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