Argh, ******* banks!

I for one am not paying anything out though :confused:

I just make sure I allow plenty of time, check my balance regularly and know when things are going out and it's never a problem. You agree to the terms and conditions when you open an account and if you cannot manage your account for one reason or another then I don't see how it's a huge problem.
 
Bracco said:
Yes, I read your post. You can't manage your money and you're blaming the bank. Transfers aren't instant because IT'S NOT POSSIBLE. If you have ever used a bank account, you should be aware of this.
Too many people complain because they want banks to coddle them and say it's ok if you can't look after yourself, they won't charge you even though it's in your contract.

Who cares if it's your first time going overdrawn? You still did it, and the bank still has to make up for the money lost by you doing so.
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Its perfectly possible to do near instant transfers, although the banks make you pay for them. And especially if its a transfer between accounts with the same bank its more than possible I do it reguarly with the halifax.

Later in the year after pressure from the government bank transfers are being changed so that they are same day. With banking systems in place it is perfectly possible to transfer money about simulateously. If it isnt how come when I take money out by my bank card or goto a shop and use my debit card and check my balance my available balance has already gone down?

Its funny how with banks, movements out of an account can be instanteous but movements in take 3 days or more unless you pay a fee for the prividge.
 
JohnnyG said:
Was that before you could read or something then? You simply can't moan about something you've agreed too:)
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Am i right in thinking children cannot enter into a legally binding contract, or is that the USA?
 
FordPrefect said:
Its perfectly possible to do near instant transfers, although the banks make you pay for them. And especially if its a transfer between accounts with the same bank its more than possible I do it reguarly with the halifax.
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It's possible and can be done right now to have instant transfers between different accounts within the same bank this uses the BACS system for transfers. Then there is another system called CHAPS that is used for one bank to another, CHAPS has various security checks that are in place which mostly slows the process down among other things.

FordPrefect said:
Later in the year after pressure from the government bank transfers are being changed so that they are same day. With banking systems in place it is perfectly possible to transfer money about simulateously. If it isnt how come when I take money out by my bank card or goto a shop and use my debit card and check my balance my available balance has already gone down?
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Don't know about the government thing so I can't really comment on that. But when using a debit card in a shop that money hasn't actually came out of you're account yet, it's only ear marked to come out of your account so it's still in the process and thus isn't available to you. It's not actually sending a proper request it's kind of like a heads up.

FordPrefect said:
Its funny how with banks, movements out of an account can be instanteous but movements in take 3 days or more unless you pay a fee for the prividge.
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Yes movements out of an account can be instanteous, but so can movements into accounts. They only take around 3 days because of the CHAPS system. Also in regards to DD's these are mostly processed about 3 days before the billing date so that they come out on time.
 
Honestly...

This is like me going into tesco and steeling a loaf of bread, and then getting fined for shoplifting and complaining becase you got finned.

On a side note, I find my bank is quiet accomidating, If i go accidently overdrawn they give me 3 days to out the required money into my account.

Sometimes ive had a DD coming out on a money and didnt get paid to the friday, So i went into the bank and explained and they honoured the DD without any expenses.
 
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Bracco said:
Transfers aren't instant because IT'S NOT POSSIBLE. If you have ever used a bank account, you should be aware of this.
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I've just transferred £150 between 2 different accounts instantly online. I thought it wasn't possible?


Bracco said:
Too many people complain because they want banks to coddle them and say it's ok if you can't look after yourself, they won't charge you even though it's in your contract.
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Which contract would this be that I signed? I'm perfectly OK with being charged for being overdrawn without authorisation, but I don't remember signing a contract to that effect, especially for the amounts that Banks charge.
 
well....

the only problem i have had is when NTL decided to take money early for some random reason. (bank hol... supposed to take it out a day late instead took it a few days early)

anyway a quick chat with my branch and they refunded it as a 'goodwill gesture' which they didnt have to do as it was ntl's fault.

add to this my intrest free student overdraft i am a very happy chappy with my bank.
 
I'm still happy with 1st Direct. The automatic £250 overdraught is very useful in these situations - you just pay interest on the overdrawn amount, but there's a £30 fee for going over the limit, plus £25 for every item that further increases it.

I recently had ntl take a payment they shouldn't have done, since I'm getting 12 months free line rental atm, which would have given me £80 in charges. :eek: Thanks to the DD guarantee I got the payment refunded and the charges dropped, but ntl are still being a bunch of gits as I found out when I got the phone bill this morning. :rolleyes:
 
hyper7racer said:
I opened an account with them and got a letter saying they would ring me.... 3 weeks on, no call :confused:
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For 1st Direct, that's unusual. I'd ring them back on the 0800 number for new accounts, not the 0845 number.

One thing to remember: if you phone them from a mobile then 0845 numbers don't come out of your inclusive minutes (on Orange contract anyway) so I can give you the geographical number (which does) if you want it.
 
My bank is pretty daft too. I have my pay going into them, have a loan with them which has been paid each month on time. I also have four credit cards, 2 store cards and an auto loan which I am paying on time each month. However! I cannot get a credit card through my bank or get overdraft protection. Granted my credit score is good but I just think its kinda wierd that other places will give me low interest credit cards but my bank wont.

I would try and get your money back. I had something similar happen to me. I saw I was going to go over by a small amount because of a check that didnt get cashed until about a month later. So I transfered some money from savings but not in time. Went to the bank and they refunded me the whole amount.

I am really conscience of my balance now and dont tend to write checks any more because they take forever to go through. I also do most of my banking online because my projected balance will update faster. Also, my bank garuntees same day accessability to your money if you deposit it before 1600 on any business day. So if I make a transfer at 1559 to cover a potential overdrawing than my bank must count that transfer.
 
Can't see how the bank is ****. You should know that bank transfers while don't exactly take weeks aren't always instant. The charges are damn high but you still made the offense and if you didn't like them well you should've read the small print and and simply look for an account elsewhere. It's not like you were forced to sign the contract at a gun point, you had a choice from many banks out there and you chose them. Now you didn't quite mean to go overdrawn and you had the money beforehand elsewhere so I understand your frustration, but for them you're just another customer who probably just spent too much and now trying to smooth talk his way out of the charges. I been overdrawn too with Natwest and paid my £45 quid, I must say it was a good lesson for me, now I'm much more careful with my finances,
 
-westy- said:
Which contract would this be that I signed? I'm perfectly OK with being charged for being overdrawn without authorisation, but I don't remember signing a contract to that effect, especially for the amounts that Banks charge.
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The one when you opened the bank account. Everytime I have opened an account I have had to sign to say I agree to the Terms & Conditions. If you don't like them for one reason or another then change banks.
 
I think the moral of this story is to know what you have in your account and not go overdrawn in the first place.

I know this sounds a little harsh(don't mean it to be) but seriously my dad has had his account for god knows how many years, every days he spend 5 minutes just checking over what he has spent compared to his balance and works out how much he has left in a little book. He has never been overdrawn.

I have now started to do the same. (training to become an accountant helps as well).

I Also always make sure I have enough in my account for any DD's I have regardless of the situation.

I can see where people are coming from on the charge front though. It is a bit OTT but they have a set charge for everyone regardless of the amount overdrawn (to a certain extent)

However the Woman should have definately not spoken to you the way she did.
 
I dont know whay people dont automatically set up an overdraft as a safety net..my bank doesnt charge for an overdraft so its always there in case of emergency but they will charge if its not arranged and I go overdrawn...its not used but if something unexpected happened with a DD I know I wont get any charges
 
-westy- said:
I've just transferred £150 between 2 different accounts instantly online. I thought it wasn't possible?
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From the same bank or two different banks?


Here's a handy tip for those that struggle to keep an eye on their finances. Set up a very simple excel spreadsheet. Set up the columns as Date, Money In, Money Out, Balance, Description. Set the formulas to keep a running balance and as you earn money, pop it in. As you spend money, pop it in. Add in all your regular direct debits and loans. You'll have a running balance which means you should never go overdrawn. I can look at my account months in advance to see how my spending today will affect my balance in the future. You can then also compare a balance on a certain day to make sure your bank account matches 100%. If it doesn't then there's a mistake somewhere. I've been doing this for around the last 10 years and it's kept me shipshape 100%. No charges on my account ;)
 
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Nope, but then they all get added to the spreadsheet (as they have already ;)) meaning I still know how my account is balancing up :)
 
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