Does rbs send mail if overdrawn
According to Royal Bank of Scotland's (RBS) website and customer service, if you're overdrawn, they may send you a letter or email to inform you of the situation. Here are some details:
- Overdraft notifications: RBS may send you a letter or email to notify you if you've gone overdrawn. This is usually done to inform you of the situation and to encourage you to take action to rectify the issue.
- Overdraft fees: If you're overdrawn, you may be charged fees by RBS. These fees can include daily overdraft fees, returned item fees, and other charges. You'll typically receive a separate statement or notification outlining these fees.
- Overdraft protection: If you have an overdraft protection facility set up on your account, RBS may use this facility to cover the overdraft. This means they'll transfer funds from another account or credit card to cover the overdraft.
- Contact from RBS: In some cases, RBS may contact you by phone or email to discuss your overdraft situation and offer assistance to help you get back on track. This might include setting up a payment plan or discussing alternative options.
To avoid receiving mail from RBS about an overdraft, it's essential to:
- Monitor your account regularly to ensure you're not going overdrawn.
- Set up overdraft alerts to notify you when your account balance is low.
- Keep sufficient funds in your account to avoid overdrafts.
- Consider setting up an overdraft protection facility to cover unexpected expenses.
Remember, it's always a good idea to review your account statements and notifications regularly to stay on top of your finances and avoid any potential issues.