claiming bank changes!

[Stinky]

An unexpected bill (or even a mistaken deduction) that puts you £1 over the overdraft limit results in a £70 fine.

Fair?

Didn't think so.

agreed.......

im not saying that some of the fines i have recived havent been my fault. but most have been not taking into account the extra charge. or even when the bank takes there £30 fine out without giving you a date, that then takes you back over the agreed limited resulting in yet another one

 

[stoofa]

well i keep getting fined £150 every month without anything i can do about it. I went to the bank and they wouldnt give me an overdraft and so each month these fines guarantee i go into the red.the woman even had the keep to suggest that i get a pub job to prevent this.

I'm assuming this was a joke post but one where I failed to actually see the joke?
Because I'm sure you weren't actually saying that you're blaming the bank for applying charges to you because every month without fail you are going into the red.

If this isn't a joke thread then you're exactly the reason why I'm hoping the banks will at last win this test case and put to rest all these silly little claims.

 

[Haggisman]

I think you'll find he's saying that he went overdrawn a while back due to dodgy housemates, and they charged him (fair enough). Now the only reason he is going overdrawn is because of the charges, he's tried asking the bank for an overdraft, but they won't give him one, and because of this he is stuck in a viscious cycle.

 

[mrochester]

lets just hope the banks win the court case and bring some sanity back to this, why people think they should get the money back is still beyond me. you signed up to the bank accounts and the details were clearly laid out in the T&C's so you knew what would happen if you messed up with you money. It's a strange world when the law protects the stupid and reckless.

Show me the bank who doesn't have astronimical charges, or fully explain how you can live your life without a bank account. The answer is, there aren't any, and you can't. So you have no choice but to agree to their ridiculous T&Cs.

 

[Seft]

Show me the bank who doesn't have astronimical charges

An account with no overdraft facility?

 

[mrochester]

An account with no overdraft facility?

No I mean fees for going over an overdraft limit, failed payments etc. And before you pipe up that people should be charged these fees because they are not careful enough, there are plenty of people who have no option but to live on this 'edge' or other circumstances beyond their control. These people, IMO, should not be penalised as harshly as those who have simply been careless. If someone is really struggling and is already doing their best, the banks profiteering from that is just plain sadistic. But the poor customer has no choice but to have a bank account because they are essential these days so are being forced to accept the unfair T&Cs.

 

[Surfer]

No one is saying that banks should NOT be able to charge people. Its a business so of course there are expenses incurred and if people have unauthorised overdrafts due to unpaid dd etc then of course they should be charged.

but...

What they are doing is making a PROFIT on charges and that is the part which is UNLAWFUL. If you aint happy with that then lobby your MP to change the Law.

I suspect the outcome of the test case will be a blanket charge level around £3 - £10. Because the banks have no way to justify (on an individual account basis)£30 + charges for an automated charge system.

In my own cases with the A&L unfortunately i had a premierdirect account but i forgot i had to continually pay £500 into the account and if you dont you get charged £5. And because i didnt bother about the account (ie pay money etc into it) the charges just piled up month after month. Without me going anywhere near it.

Basically its extremely easy to accrue lots of debt without actually spending any money lol. I'm not that bothered because i'm very confident i'll get the money back.

 

[Sarduk]

It surprises me that despite the enormous publicity bank charges received over the year, people still let their accounts run over.

What they are doing is making a PROFIT on charges and that is the part which is UNLAWFUL. If you aint happy with that then lobby your MP to change the Law.

No, the making a profit isn't the unlawful part. The unlawful part is that the amounts charged do not reflect the service they have given - it is unlawful because it is more of a PENALTY than a charge.

 

[Realist]

Listen to you on that high horse. Get off it M8 and look at it from the otherside of the fence will you.

Bank is a business yes and they make profits from lending money which they charge interest on, but whacking a poxy high rip off charge on to a customer which is unlawfull and the banks will not disclose what the actual charges are because they know it not what they do charge a customer.

My bank as an example charged me £39 (Halifax) for going £1.39 over for a failed direct debit that went out a day before my wages went in, is that fair?

NO.

I had £1800 from Halifax and more to come and now Im going for over £8,000 from Abbey National and then Im going for Abbey National mortgage and then my credit car company and who ever else I can think of while Im at it.

I'm assuming this was a joke post but one where I failed to actually see the joke?
Because I'm sure you weren't actually saying that you're blaming the bank for applying charges to you because every month without fail you are going into the red.

If this isn't a joke thread then you're exactly the reason why I'm hoping the banks will at last win this test case and put to rest all these silly little claims.

 

[Kitchster_uk]

Firstly, charges refunds are on hold until the OFT have completed their test case. That will be well into next year.

Secondly, HSBC now charges overdraft arrangement fees, not 'fines'. This was advised about 6-8 months ago. If you choose to go past your limit, you are requesting the bank honour that. This is an 'informal' overdraft. A decision is taken and if you've not requested another overdraft increase, formal or informal in the past 6 months, no arrangement fee is passed, otherwise there is a £25 arrangement fee. The HSBC netwok of ATM's now even warn you if this is going to happen. Seehere

at the end of the day, it isn't your money, it belongs to the bank - not you. Don't want charges? Don't go overdrawn - simple. If you aren't capable of managing your finances, get a basic/cardcash account. These WON'T let you go overdrawn and only let you draw £200/day from an ATM. It's your choice really.

Smaller fes or whatever terminology you wish to use woudn't owrk - if £25+ per time doesn't make you respect your overdraft limit, would £3-£10? Unlikely. It would just lead to people just flouting their limits much more so than now. To me, I would allow people to request that as soon as it goes 1p over limit, the item is returned regardless with no fee. 3 returns and the item is cancelled. If you try o use the ATM and don't have enough money, tough.

 

[meghatronic]

lets just hope the banks win the court case and bring some sanity back to this, why people think they should get the money back is still beyond me. you signed up to the bank accounts and the details were clearly laid out in the T&C's so you knew what would happen if you messed up with you money. It's a strange world when the law protects the stupid and reckless.

I'm sorry, I agree with this.

 

[alexakasloth]

An unexpected bill (or even a mistaken deduction) that puts you £1 over the overdraft limit results in a £70 fine.

Fair?

Didn't think so.

Legal?

Don't think so. Well, that's what the case will (hopefully) prove.

 

[peetee]

Banks should not allow you to make withdrawels over the limit, its obviously in the T+Cs but its unfair how its the people who are already worse off paying everyone elses fees.
It only hurts the worse off

 

[SpicyDuck]

lets just hope the banks win the court case and bring some sanity back to this, why people think they should get the money back is still beyond me. you signed up to the bank accounts and the details were clearly laid out in the T&C's so you knew what would happen if you messed up with you money. It's a strange world when the law protects the stupid and reckless.

So we should allow the banks to take the royal **** by chargining amounts that are unfair?

It does not cost them that much at all. Fine, we all agreed to the T&Cs, but what choice did anyone have when, especially these days, you pretty much need a bank account?

It's not the fact that we agreed - I doubt anyone would bother if the charges were more reasonable and realistic - it's just that everyone is being ripped off and have been for years and years.

 

[Realist]

1) Its my money and I will get it back.
2) I do use a card cash account.
3) Even with a card cash account banks still charge you their rip off fee's knowing its a quick buck to be made.

Long live Labour.

at the end of the day, it isn't your money, it belongs to the bank - not you. Don't want charges? Don't go overdrawn - simple. If you aren't capable of managing your finances, get a basic/cardcash account. These WON'T let you go overdrawn and only let you draw £200/day from an ATM. It's your choice really.

 

[SpicyDuck]

at the end of the day, it isn't your money, it belongs to the bank - not you. Don't want charges? Don't go overdrawn - simple.

The banks money, yes, which comes from the profit of illegal and unreaonable charges. Not wholey, but partly.

 

[Sarduk]

Listen to you on that high horse. Get off it M8 and look at it from the otherside of the fence will you.

Bank is a business yes and they make profits from lending money which they charge interest on, but whacking a poxy high rip off charge on to a customer which is unlawfull and the banks will not disclose what the actual charges are because they know it not what they do charge a customer.

My bank as an example charged me £39 (Halifax) for going £1.39 over for a failed direct debit that went out a day before my wages went in, is that fair?

NO

Don't go overdrawn then.

It is funny, people complain about 'nanny state'ism and how bad / annoying it is, but the whole bank charges argument is just a huge example as to why we have one (a nanny state).

My bank as an example charged me £39 (Halifax) for going £1.39 over for a failed direct debit that went out a day before my wages went in, is that fair?

The amount isn't fair - no. But the fact you got charged for doing so is completely fair, and something you agreed to.

 

[Realist]

Yes people might of agreed to the terms but banks will never ever disclose the actual cost of handling a failed direct debit etc, why cos its just over a £1.00 thats why.

So you tell me is it right that a bank gets away with charging £39.00 when it costs far less to handle that transaction.

Banks are ripping us all off, you me and the next sucker that comes along but banks know that we all need accounts and thats why they know they are on to a good thing.

Don't go overdrawn then.

It is funny, people complain about 'nanny state'ism and how bad / annoying it is, but the whole bank charges argument is just a huge example as to why we have one (a nanny state).


The amount isn't fair - no. But the fact you got charged for doing so is completely fair, and something you agreed to.

 

[Realist]

Its because idiots let them get away with it without challenging the system or even asking why.

So if no one asks they just rip us off.

Same principle with the high tax on fuel and thats the goverments fault and the dickheads that allow them to get away with it.

It is funny, people complain about 'nanny state'ism and how bad / annoying it is, but the whole bank charges argument is just a huge example as to why we have one (a nanny state).

 

[Sarduk]

lol - yeah; taxes are too high, everything should come to me for free, I don't need to manage my own money sensibly, the government are to blame, i'm so poor.

Etc etc.

So you tell me is it right that a bank gets away with charging £39.00 when it costs far less to handle that transaction.

I have been charged by the bank before because I screwed up. It was my fault. However, I took advantage of the situation at the time, wrote one of those letters and got the money back.

However, if I was charged and found I could not get the money back (i.e. the courts found this), I wouldn't complain - I would just not do it, and if I screw up again - it is my fault. I wouldn't moan or whine, because it is all my fault i.e. I have a sense of responsibility.