Overdrawn - Current Account and Savings Account advice

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    So today I had a direct debit come out of my account (I forgot it was being collected today as it is a yearly subscription to SERA (Labour's Environmental Campaign).

    They took £10 out of my current account where I pay for most things, I NEVER pay for anything with my savings account as I don't have a card for my saver. However, I rarely keep any money in my current account and always move any remaining money into my savings account in order to save money.

    I logged onto my mobile banking to see my current account was -3.26. I instantly transfered 3.26 from my saver into my current account.

    I'm just asking whether this overdrawn balance will mean anything for me? I've never been overdrawn before and didn't know I could be on my account.

    It depends on your bank's terms and conditions. Generally, you won't be charged if you put money in the same day - but sometimes they have rules like it has to be same day before 3pm (or another time).

    If they do charge you they will send a letter in advance. You can then phone them and ask if they can waive the fee. Many banks will for a first offence

    What Juno says is right - even if you are charged, you should be able to ask the bank to refund it as a goodwill gesture if this is your first time of going into an unarranged overdraft (this is where you create an overdraft like you have without first asking the bank if you can). You will probably be charged a 'paid referral' fee, which is where the bank choses to allow you to create unarranged borrowing but also charges you for the privilege!
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