Poll: The most brilliant business model in the world. Can you guess what it is? TOUGH RIDDLE

Ban hammer?

  • Yes, please god do!

    Votes: 391 83.2%

  • Meh

    Votes: 44 9.4%

  • No, The Guys a Genius!

    Votes: 35 7.4%
  • Total voters
    470
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For someone who claims he is so intelligent.......doesn't he live above a shop in a rundown flat?

OR are we on about his house in America that has gun turrets?

Or....should someone just click the ban button and be done with it?
 
alx said:
For someone who claims they are so intelligent, you don't spell too well....
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Its well known that those of higher levels of intelligence are more likely to not spell as well as those who may not quite be of as high an intellectual level.
 
Theophany said:
The hell? :confused:
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Its not so much the fact that you have 2 interest free accounts, it's the fact that you have to break the T+Cs that you agreed to in order to have those accounts.
(there might be some banks that dont have that in the T+Cs, im not sure)


It's a bit like having 2 jobs.
It's perfectly fine to have 2 jobs, unless you've agreed in a contract for one of them that you wont work anywhere else.
(Although, in this case it's probably something other than 'fraud')
 
Theophany said:
How is deficit banking fraudulent?
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The actual process itself isn't however almost all student bank accounts (the most common source of 0% overdrafts) state that to qualify for the overdraft you must not have access to any other 0% overdraft, so to get multiple student overdrafts you'd have to fraudulently sign up for them.
 
touch said:
Its not so much the fact that you have 2 interest free accounts, it's the fact that you have to break the T+Cs that you agreed to in order to have those accounts.
(there might be some banks that dont have that in the T+Cs, im not sure)


It's a bit like having 2 jobs.
It's perfectly fine to have 2 jobs, unless you've agreed in a contract for one of them that you wont work anywhere else.
(Although, in this case it's probably something other than 'fraud')
Click to expand...

Abraham said:
The actual process itself isn't however almost all student bank accounts (the most common source of 0% overdrafts) state that to qualify for the overdraft you must not have access to any other 0% overdraft, so to get multiple student overdrafts you'd have to fraudulently sign up for them.
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I think there's been a misunderstanding somewhere. But to summarise, I think we all agree the following:

Multiple 0% overdrafts = usually against T&Cs

Deficit banking = legal

Right?
 
Moses said:
Why's breaking their terms and conditions a fraudulent act?
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"In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual."

It would be the former, as you'd be lying to the bank for personal gain (i.e. not paying interest on an overdraft).
 
Theophany said:
I think there's been a misunderstanding somewhere. But to summarise, I think we all agree the following:

Multiple 0% overdrafts = usually against T&Cs

Deficit banking = legal

Right?
Click to expand...
Right, my original point was purely about having multiple 0% overdrafts, not what they do with it after getting them.
 
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