Are these bank charges right?

juno_first said:
Well I used the cash point balance to check my account was in credit, but didnt know a payment from the day before would take 2 days to come out your account, it should be instant & surely in this day & age of promoting electronic money that it is possible!.
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It is instant, unfortunately it's only instant when the company actually debit your account, which they have 28 working days AFTER the transaction took place to do.


Also yes I agree this is utterly stupid.
 
as its irresponsible of a bank to expect jo bloggs to know how much is in his account on a daily basis (this will mean removing all available cash from account for shop payments rather than leaving in the bank over the month)
*pay off my overdraft over the next 6 months
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What utter rubbish! You can keep a simple record of you balances by recording you money in and out.

When you get paid you CR your wages and DR all your D/Ds for the month there and then. The balance therefater is your spending for the month. Then as you spend or withdraw cash, you DR the balance until; you get paid again. You can check these off against your statement each month just to keep it accurate.

I used to keep a little book but now I use a simple excel spread sheet which tells me my RTB and i've never been overdrawn.
 
Surfer said:
You appear not to have understood the analogy if you think it was fine. The petrol is in your car - you have access to it at all times via various instruments in car.

Your money is in the bank, the bank has full access you only have the following information access means :

statements - crap

Far too little information on here or is it only HBOS that give out statements that dont actually tell you who you bought from on the statement. They only have the location and the code for the type of transaction

mini statements - crap

Inaccurate for the purpose in which people want to use them imo.

cash machine available balance - also crap

Perhaps you should have read my post. As my point was yes you can get exact information from your bank but its hard to find out exactly how much money you have available if you are out on the town. If you are saying that the autoteller and mini-statements convey ones exact bank account status then i suggest you look again because they do not.

Only internet banking and to a lesser extent telephone banking are fit for purpose imo. But like i've said (numerous times) its not really convenient if you are out and about.
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Points taken, I did not mean to ruffel feathers tbh. I'm not sure it is the banks responsibilty to spoon feed their customers. ATM balances and mini statements are just that. A snapshot.

As I mentioned there are many ways to keep abreast of your money. They offer all these ways (and probably more) to manage your money. It isn't hard but does require some thought, planning and restraint.

But... how about not being out and about when you aren't sure you can afford to be? Serious question. You souldn't leave your financial security to chance

Anyway, I'm not trolling so I'll leave it there

Have a prosperous and thrifty day. Don't hit the pubs/clubs unless you can afford it y'all :)
 
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