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The delights of Lloyds TSB


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Hi all,

 

Today I received another letter from Lloyds TSB telling me "We made all the payments you arranged to come out of your account yesterday". I always find these letters very confusing because the last time I was actually directly responsible for any payments from my account was a direct debit on 21st July 2006, and that was returned un-paid with a nice £35 charge to go with it.

 

Anyway, after checking my Lloyds account online today I found out why I had received this letter. As mentioned, I haven't used my Lloyds bank account for over a year now and had come to an arrangement with them to pay £33 per month to clear the £373.72 overdraft. Lloyds raised my overdraft limit to £377 to help me avoid any further charges and I paid £30 in straight away to get me started. This obviously dropped my balance down to £343.72 DR.

 

Now, as I also have a Lloyds credit card which I am in the process of trying to clear, the payment that was made from my bank account was from Lloyds and not me! Lloyds had made a payment of £47 from my bank account to my credit card account and thus putting me £390.72 DR, which is over my £377 overdraft limit. As a result of this I also get charged £30 for going over my agreed overdraft limit. Then after adding £5.35 overdraft interest that now leaves me a total of £426.07 overdrawn. Having a licence to print money springs to mind! :shock:

 

Obviously I was somewhat annoyed to say the least, so I decided to do a few quick calculations covering just the last year, and here are the results:-

 

  • My Lloyds TSB bank account balance on 3rd Sep 2006 was £397.75 DR.
  • Between then and now I have accrued a total of £300 in charges, not including interest.
  • During the same period I have paid a total of £439.65 into the account.
  • My Lloyds TSB bank account balance on 3rd Sep 2007 was £426.07 DR.
  • Despite paying in £41.90 more than the original balance, my actual balance now has increased by £28.32.

Don't you just love banks?!? I know I do! :rolleyes:

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It is just amazing to see how they make their money. Re the £47 they took and the resulting charges I would take the letter and your statement down to the bank, mind you having said that, what do you think the chances of actually finding a manager there :)

If you think this post has been of help, please click on my SCALES on the left - thanks :-) :-x

 

Peter Anderson

Me Vs Morgan Stanley - WON £490

Me V's LTSB - Private & Bus Acc - £18.8k (since Oct1997)

inc: S.69 Interest (and growing daily) -;)

Please remember to DONATE when you have WON

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As a result of this I also get charged £30 for going over my agreed overdraft limit. Then after adding £5.35 overdraft interest that now leaves me a total of £426.07 overdrawn. Having a licence to print money springs to mind! :shock:

 

 

nice work if you can get it

post office WON 12/11/06

 

abbey.LBA sent 30/10/06.MCOL claim submitted 8/11/06.allocation questionnaire sent 16/12/06.schedule of charges sent 16/12/06.WON

 

2nd abbey claim SAR sent 3/1/07.WON.complaint letter sent 18/1/08

 

alliance and Leicester.WON

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