Gone over overdraft

[lankeela]

I have a £200 overdraft, paid in a cheque for £70 that hasn't cleared yet, balance is -£123 but a cheque for £10 has been paid today and it shows the amount available is -£202, so are they counting the uncleared £70 off the overdraft?

[lankeela]

What I mean is will I have to shoot down the bank to pay in the extra £2 and hope they haven't returned the £10 cheque, or will I be ok till payday tomorrow?

[ummmm]

No. It won't be counted until it's cleared.

[lankeela]

Thats what I thought. Sh*t. Didn't expect cheque to go in so soon!

[lankeela]

I had a look at the website and it appears they also have a 'reserve limit' facility - where they decide how much over the overdraft limit they will let you go to pay an item that takes you over the limit. As this is only a couple of quid I am hoping that they haven't returned the item. Pay day tomorrow!

[karenmac60]

If you have internet banking you should be able to extend your overdraft and it will go into your account immediately. Might not make a difference now but it might be handy in future.