If I make an international bank transfer whilst abroad (from my British account into the Dutch account of my new estate agents) and the amount is slightly more than the funds I have in my account, can it draw the funds for the transfer from my pre-agreed overdraft?
I couldn't see a reason why not, but then you never know...
I'd call the bank except of course it's the bank holiday weekend and no-one's there!
Thanks,
Jane
2006-08-27 04:43:02 · 5 answers · asked by Jane D 1 in Business & Finance ➔ Personal Finance
As long as its within the agreed overdraft then yes.
Your "available funds" will be money in your account plus and agreed facilities.
Unfortunately as its bank holiday on Monday you can't actually do the transfer until Tuesday at the earliest. To be precise whether or not you give them the instruction to transfer the funds now they won't actually start to shift cash until Tuesday (and then it may take them a few days to actually do it).
As they wont do anything until Tuesday you're probably best off leaving it until then, you be able to talk to them.
2006-08-27 04:54:39 · answer #1 · answered by anthonypaullloyd 5 · 0⤊ 0⤋
Jane,
As per previous comments. If you have an agreed overdraft and the transfer does not result you going over that agred ammount there should be no probems. If you do not have an agreed overdraft, providing you manage your account well, they wil most likely let it go through but then charge you a fee.
Hope thatis of help
Duncan
2006-08-27 05:02:59 · answer #2 · answered by D 5 · 0⤊ 0⤋
I would say yes because you have pre- arranged an overdraft. I have never heard of a bank stipulating how you use your overdraft. You could be sneaky and try to get this information from First Direct. They are working now.
2006-08-27 04:55:34 · answer #3 · answered by charterman 6 · 0⤊ 0⤋
id have to agree with the people above me
2006-08-27 04:56:49 · answer #4 · answered by thedevilinsidemademedoit 3 · 0⤊ 0⤋
yes.
2006-09-01 03:07:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋