Please just tell me if i'm being stupid...
Am I being thick or does this sound logical...

I have a current account. Money gets paid in every week, direct debits (mortgage, etc) get paid out. Fine.

Why is it, then, that if my mortgage debit date falls on a monday, the money for this is 'allocated' on the friday before?

Not only can I not withdraw the amount, but the amount does not leave my account, and nobody gets paid. I can spend on my card at shops, and can even go overdrawn because of this as the money has been 'allocated', for which I then get charged!

I appreciate that they may want my direct debits to take priority, but as I am old enough to use the internet and cash points without adult supervision, I can keep a check on my account all by myself.

And if I do twunt it all up, I can put more money into my account on monday anyway, without being charged or fined.

Is it me? Should this have been posted on the conspiracy board? Has someone told the bank that I can't be trusted to work pennies by myself? Jesus....

I did ask the staff at the bank in question...

"that money has been allocated"
"that money has been allocated"
"you can't withdraw against money that has been allocated"
"no, nothing leaves the account until monday"
"because it's been allocated"
"it's all in our leaflet"
"allocation. it means we set the money aside"
"the money has been allocated"
"etc"

claysbar nkba. freskcu!
(downhill without brakes . It was the worst day of my life, Wed 18 May 2005, 12:33, Reply)