Banks - Kick them while they're down

RE: Okay dokey.

Ha, now this where the problem really lies. And it's back to the point where when a consumer needs something such as their wages paying into an account - they go all humble, cap in hand to the bank (Me, me ,me). I agree that society has developed itself to make Banking an almost impossible thing to avoid in some form or other (unless you are an hermit). But please. that a Bank choose's to make a profit - justified or not - is irrelevant.

Stick to the terms and conditions given when opening an account and I guarantee - NO BANK WILL LEVY ANY CHARGES.

 

"steal money"

What about people who've gone overdrawn then, using money they don't have!

 

I was speaking to a shape shifting lizard the other day and he told me that money was a load of old mystic B*ll*cks and that worse than that usury is no more than a device used by the global elite to control populations of people and keep them working theih whole lives in the hope that one day they will all be free of their debts and be able to think about something slightly more important like world peace or biscuits.

Then he changed into Isla St Clair.

*shrugs*

 

That's quite a change of heart

45 minutes ago you proclaimed the end to free banking, now you're guaranteeing there will be no charges if we stick to the terms and conditions. Which is it?

 

RE: Okay dokey.

I phoned First Direct up and they opened an account for me. No caps nor fck all.</p>

This thing about bank charges is that the charges themselves are not representative of the costs incurred by a bank to administer the overdrawn account. They are a sort of punishment for being overdrawn rather than a charge for extra work incurred.</p>

 

I thought the case being made against banks were that their charges were illegal? I could be wrong, but I thought obtaining money illegally could be construed as theft or fraud or something.

And it really, doesn't matter what terms and conditions are put on an application form by the way or whether or not you sign them, those terms have to be legal.

 

How banks work

I transfered £12K from my account in London to A&L by e-banking. Yesterday, I checked it was there before paying a somewhat large bill and buying £5K of premium bonds. I have just checked now and what do i see on my statement. The two debits have leapfrogged the credit, thus putting me 9K in the red. If they charge me for it, they will lose a customer sharpish.

 

EastStander thinks you're a thief.

 

the real question is 'Did the Bank inform the customer of what would happen....etc

it isn't mate, you're wrong.

You seem to have a completely confused grasp of commercial law and litigation.

 

No, that one is different....and I suspect it's just the order that items are listed on the system, and it will be the close of day balance which is taken into account.

 

The banks have been pushing and pushing for the cashless society for decades and have practically forced the economies hand on it. And you know as well as anyone else, that the bank can just block any transaction exactly like they used to and the problem then becomes between the actual debtor and creditor. As a result the banks were missing all the action in terms of penalties. They simply identified another way of making even more money, by honouring the debts on your behalf and then fining you.

The office of fair trading has just said, hang on, the level of punishment is a bit much isn't it? While the banks have pretended it costs that much everytime the computer goes to line 10.

 

RE: That's quite a change of heart

As we stand now no charges apply if you stick to the T & Cs. Yes, the Banks are likely to end free banking as a result of any new ruling. One statement is current tense - one is future tense. No change of heart from me, just you confusing (or twisting) the facts.

If Banks do end free banking then who can blame them - after all, it takes money to employ cashiers, run systems, cover rental amounts for buildings, utility costs etc etc iof providing ATMs etc. They are not a charity.

 

They should follow their own sound advice and remortgage some of their assets.

Sorted.

 

RE: That's quite a change of heart

Yes, god forbid - what if HSBC had to pay staff out of their £9.6bn 2007 profit margin? Oh no, the sky is falling.

Still, you keep prattling on about profit maximisation and banks being above any kind of moral code, as their only mission is, and should be, to maximize profits above all else.

Bring on the totalitarian-consumerist state.

 

if its different banks you re supposed to wait upto three working days for clearance