Santander daily charges for under funding

[littlewillie]

Hi All, before I throw £184 away on charges.

I've just received a call demanding that I clear the balance accumulated solely by under funding charges. In Sept 2009 I threw £2500 in an A&L account just to receive £100 for opening the account and 5% interest. I withdrew the majority for a funeral expense and the account lain dormant since.

Santander graciously credited me with £50 overdraft to pay the under funding and now todays call from their collections dept want £184.

I havn't time to scour the forum, as I've just been told that I'm now incurring daily charges, to see if others had a success against Santander's theft that can influence my fight or do I relent and pay under duress.

 

Kind regards, Bill

[littlewillie]

Hi All, just to clarify that it's worth challenging. It's been resolved. I rang Santander (0800 056 6066) after finding;

http://www.mybank.alliance-leicester.co.uk/logged_out/termsconditions.asp

 

£500 minimum monthly funding not applicable to Premier 21 and Premier 50 Current Accounts but these accounts must still be funded, within 8 weeks of the new account being opened.

 

All charges have been cancelled with agreement to close the account.

Ironically it was the same collections dept, but a different operative, who consulted her manager and agreed to refund the £184 charges that solely consisted of monthly underfunding charges.

Bill