a friend was overdrawn in the bank by 1p the bank sent a letter back which cost 31p to tell her this is this stupid or what
2007-02-27 23:14:00 · 10 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes it's stupid but the letters are generated automatically as soon as someone goes overdrawn. The computer doesn't take into account that the amount overdrawn is less than the postal charge!
I once had an electricity bill for 24 pence, to pay it at the post office, I had to pay a fee so I taped the coins to the bill and sent it, the stamp was more than the bill!!
2007-02-27 23:20:19 · answer #1 · answered by Nickynackynoo 6 · 0⤊ 0⤋
You wait till next month when the £12-£25 fee for being overdrawn on your account is charged! (depending on which bank you're with).
Yes, sometimes the automated bank systems do things that seem stupid - it should only send a letter if the overdraw is substantial.
2007-02-28 07:22:50 · answer #2 · answered by PKblue 2 · 0⤊ 0⤋
Hope they do not chargeback the charges to his bank account later.
This has happened many times.
Certain formalities are followed regardless of the logic. Overdrawn is a huge issue, whether it is 1p or 1 million p. You must be happy that they are performing their duty.
2007-02-28 07:20:01 · answer #3 · answered by Tiger Tracks 6 · 1⤊ 0⤋
I had the same ting happen to me. My final bill for Com Ed (electric company in the U.S.) was 25 cents, the stamp they used was 38 cents and the envelope was at least 20 cents. So in the end they spent 58 cents to receive 25 cents which I never paid. Nuts or what?
2007-02-28 07:32:18 · answer #4 · answered by ♫Silvi♪ 5 · 0⤊ 0⤋
what is more stipid, is taht they will charge her an additional $ 25 to £35 as a fee for doing so.
She can protest against an unfair charge though.
2007-02-28 07:25:54 · answer #5 · answered by Foxey 4 · 0⤊ 0⤋
It IS stupid, but it's also automated, so nobody actually takes the time to see what the amounts are :)
2007-02-28 07:22:19 · answer #6 · answered by ss98 6 · 0⤊ 0⤋
Yes, I can...The banks love to receive your money but don't like it if you owe them even a penny.
2007-02-28 07:31:04 · answer #7 · answered by Afi 7 · 0⤊ 0⤋
not when they will then charge her £30 for the privaledge - 9900% markup - not bad really
2007-02-28 10:47:07 · answer #8 · answered by alatoruk 5 · 0⤊ 0⤋
considering they still charge £10they are still make a prof fit
2007-02-28 07:20:47 · answer #9 · answered by zannyto4nanny 3 · 0⤊ 0⤋
why do you worry about that? it makes no sense to think about this.
enjoy life!
:-)
2007-02-28 08:07:50 · answer #10 · answered by Stefan D K 3 · 0⤊ 0⤋