allthedoyles
Registered User
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We have a small € 500 overdraft a/c with Permanent TSB. This is well under control , and we have a weekly DD of € 95 depositing weekly.( wages )
We receive letter today from Permanent TSB with the following :
'' The overdraft facility shown above is due to expire on 1st August 09. If you need a further overdraft , please contact me to discuss it . However if you no longer need this facility , simply ignore this letter ''.
We ring TSB , and they ask us to repay the € 500 at the rate of € 50 per month. After some arguing , we agree to pay it back at € 20 pm.
Permanent TSB are not interested in leaving us the overdraft for another year. They want their € 500 back.
This is a small managed account , and has never been in arrears , other than the limit of € 500 OD .
Is this a new policy from the banks , to re-coup some outstanding monies on their bank accounts ?
What should we do ?
We receive letter today from Permanent TSB with the following :
'' The overdraft facility shown above is due to expire on 1st August 09. If you need a further overdraft , please contact me to discuss it . However if you no longer need this facility , simply ignore this letter ''.
We ring TSB , and they ask us to repay the € 500 at the rate of € 50 per month. After some arguing , we agree to pay it back at € 20 pm.
Permanent TSB are not interested in leaving us the overdraft for another year. They want their € 500 back.
This is a small managed account , and has never been in arrears , other than the limit of € 500 OD .
Is this a new policy from the banks , to re-coup some outstanding monies on their bank accounts ?
What should we do ?