Today's the day...

[[TW]Fox]

My opinion is that people should not be judged just because they go beyond there limit. It seems yourself and L0rdmike from the tone of your posts are doing just that.

This thread is about people who moan when they get charged for going overdrawn. If you chose to read more into it than that, then its frankly your problem not mine.

 

[SiHH]

This is getting more and more confusing.

Lets clarify - this thread is about bank charges for unauthorised overdrafts.

It seems you took out several grand over your limit? And you are what.. somehow miffed you got charged for that?!?!

Should banks let you go several grand over for free or something? What is your view?

I went beyond my overdraft and also used a credit card to pay for my legal fees. Thats clear yes ?

Im not miffed that I got charged for that but I am claiming it back because I can.

 

[SiHH]

This thread is about people who moan when they get charged for going overdrawn. If you chose to read more into it than that, then its frankly your problem not mine.

I have no problem because im not ignorant

 

[daz]

It sucks, I agree that much. But they are a business not a charity and you knew what would happen when:

a) You applied for the account
b) You went £1.50 over

It wasnt as if, like a bolt out of the blue, they theived £33 from you.

My phone bill was slightly larger than I expected.

Then they waited a month for my account to get back to a healthy amount, and then they took the £33.

You're right - they are a business. But they operate in a heavily regulated industry. Loaning money to someone at an effective rate of thousands of percent APR is one of those things that needs to be regulated.

What should happen is that you should be charged for going over by an amount that is a proportion of the amount you went over by - go over a lot, get charged a lot. Go over by a little, get charged a little. Plus perhaps a small admin fee.

 

[[TW]Fox]

Im not miffed that I got charged for that

So then we both agree

 

[SiHH]

So then we both agree

That the British public are dumb ? Well, only the ones who are ignorant.

 

[Dolph]

I did but I have also claimed them back.

So you haven't accepted responsibility then.

 

[Stinky]

So then we both agree

reading your posts, it seem that you cant understand why people are claiming the charges back??
IF you where in the same situation as a lot of people would you be claiming back what you'd be charged?? just because you ca?

 

[SiHH]

So you haven't accepted responsibility then.

Of course I have but I would be a fool not to get the charges back given the opportunity.

 

[Monkey Puzzle]

Dolph, do you agree with loan sharks charging rates of interest of say 50%/month?

 

[SiHH]

Fox / Dolph let me ask you this..

If the government decided (saw sense) that they were charging people too much for road tax and it just so happened that the car you drive was illegible for cheaper tax and a rebate. Would you claim ?

 

[[TW]Fox]

reading your posts, it seem that you cant understand why people are claiming the charges back??
IF you where in the same situation as a lot of people would you be claiming back what you'd be charged?? just because you ca?

Of course I'd claim it back.

My opinion is not that people shouldnt claim if they are entitled to but that the system should exist as it does now and the charges are not 'unfair'.

 

[Dolph]

Dolph, do you agree with loan sharks charging rates of interest of say 50%/month?

If it's clear to the customer what they are agreeing to, then yeah, sure.

 

[Stinky]

Of course I'd claim it back.

My opinion is not that people shouldnt claim if they are entitled to but that the system should exist as it does now and the charges are not 'unfair'.

then we agree?

 

[Dolph]

Of course I have but I would be a fool not to get the charges back given the opportunity.

As yet you haven't been given the opportunity, you've just threatened the bank who have decieded it's easier to give you money than argue... That would normally be called extortion.

 

[Monkey Puzzle]

As yet you haven't been given the opportunity, you've just threatened the bank who have decieded it's easier to give you money than argue... That would normally be called extortion.

So what would allowing peope to exceed their overdraft past their agreed limit, and then charging them massive fines that don't reflect the costs to the bank be called?

 

[SiHH]

As yet you haven't been given the opportunity, you've just threatened the bank who have decieded it's easier to give you money than argue... That would normally be called extortion.

 

[Dolph]

So what would allowing peope to exceed their overdraft past their agreed limit, and then charging them massive fines that don't reflect the costs to the bank be called?

As it's clearly laid out in the terms and conditions agreed to by both bank and customer, I'd argue it's a service

 

[TheDean]

This is getting more and more confusing.

Lets clarify - this thread is about bank charges for unauthorised overdrafts.

I think this thread is about the legality of charging someone a grossly disproportionate penalty fee. Turns out it's not, and everyone should get their money back.

 

[TheDean]

As yet you haven't been given the opportunity, you've just threatened the bank who have decieded it's easier to give you money than argue... That would normally be called extortion.

No, no it wouldn't. I think you'll find extortion means nothing of the sort