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    I got a bounced cheque of 150 pounds today and I don't understand this statement here on Barclay's website:

    "If a cheque is returned unpaid, the value of it will be debited from your account even if you have withdrawn the money in the meantime. "

    Can anyone help me out with this please?
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    You'll be overdrawn, basically.
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    You pay in a cheque.

    A few days later (at latest the 4th working day) Barclays allow you to withdraw against the funds, even though the cheque has not finally cleared yet ("certainty of fate" is from 6th working day).

    If you withdraw money between these points, and then the cheque is "returned unpaid" (i.e. bounces), Barclays will debit the amount of the cheque even if you have already withdrawn the money, possibly putting you into a negative balance.

    e.g.
    Monday account balance is £100, pay in £200 cheque
    Friday account balance is £300, take out £250 from a cash point, leaving a balance of £50
    Following Monday, cheque bounces. Barclays will take the £200 away even though you only have £50 in your account - putting you £150 overdrawn and incurring charges etc.
 
 
 
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