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2 accounts - advice needed please


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Hi again

 

I have 2 accounts with Halifax, one of which is seriously overdrawn (unauthorised) due to bank charges, which I am fighting of course.

 

I have another account, with Halifax, into which a loan is due to be paid in the next few days. My question is, can Halifax without my consent take the money from this account to pay off the overdrawn account?

 

Kind regards

 

Gemma Beglan

  1. 09/08/2006 - Halifax Account 1 settled in full! £2597.50 :D
  2. 05/10/2006 - Halifax Account 2 settled in full after Prelim ;)
  3. 07/02/2007 - Halifax Accts 1 & 2 further charges - won by default, settled in full
  4. 12/02/2007 - Halifax Account 1 - further charges whilst 3. court claim progressing. Settled in full.
  5. 13/11/2009 - Halifax Account 1 - action begins to fight new overdraft charges

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Yes.

 

It is known as 'off-setting'.

 

They do have the right to do it, but that doesn't mean they will exercise that right and do so.

 

Could you arrange to have the money paid into another bank account?

Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice you must always consult a registered and insured lawyer.

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Thanks very much for your quick reply barracad!

 

I wanted to get the loan documents off today but will have to wait a few days until my new bank account (with another bank) is fully set up to be on the safe side.

 

Many thanks!

  1. 09/08/2006 - Halifax Account 1 settled in full! £2597.50 :D
  2. 05/10/2006 - Halifax Account 2 settled in full after Prelim ;)
  3. 07/02/2007 - Halifax Accts 1 & 2 further charges - won by default, settled in full
  4. 12/02/2007 - Halifax Account 1 - further charges whilst 3. court claim progressing. Settled in full.
  5. 13/11/2009 - Halifax Account 1 - action begins to fight new overdraft charges

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