Banks cheated me into paying interest.

bengal-stripe

esbo wrote: »

I will buy 1 share in HSBC and attend the share holders meeting and demand that the chairman be sacked.

I just can see Esbo at the AGM, wielding the knitting needles like Madame Defarge and shouting: “Off with their heads!”

natweststaffmember wrote: »

.....so the customer is not always right however they can blame the bank when they do not understand something. At least you do now which is a good thing.....

Esbo does not understand, doesn't even switch on the grey cells, trying to understand.
The customer is not always right, but Esbo is (bless his/her little cotton socks).

dunstonh

Damn the banks for allowing people to have personal responsibility for their actions. They shouldnt allow sensible people to have access to funds in an emergency but stop everyone drawing money out to prevent the minority who take no personal responsibility being charged for something that is their own fault.

English_Bob

Right or wrong, you will never get the 22p back as you will spend more in phone calls and letters (which the bank will never pay for). Live and learn from this.
Change your account to a different bank in the mis-guided thought that the new bank will be nicer to you and move on. Worrying yourself over this will not be good for you.

ShelfStacker_3

esbo wrote: »

Anyway it will be interesting to see if they are willing to lose several hundred pounds
for the sake of 22p, if they are I will buy 1 share in HSBC and attend the share holders
meeting and demand that the chairman be sacked.

I'm sure the biggest bank in the world, with a revenue in the hundreds of billions of dollars, will be devastated at the loss of a few hundred quid belonging to someone who gets OUTRAGED at a 22p interest payment.

No, seriously. I'm sure the call centre lackey who closes your account will be crying real tears as they close your bank account, once you've stopped berating them over your precious, precious 22p and after a few fraught seconds of trying to persuade you to stay. And the gathered shareholders at the AGM will be moved to hysterical bawling, hearing of your tale of woe. Twenty two pence, twenty two pence that is rightfully yours, twenty two pence that you could have spent on half a pint of milk or some Black Jacks, was stolen from you by these people. I can imagine the look on their faces; like they're watching Bambi's mum dying while reenacting Schindlers List. I mean, never mind that HSBC's share price right now is many multiples of 22p, and that your one share will doubtless benefit them more than the 22p those CALLOUS !!!!!!!S nicked from you. You will have your revenge.

You absolute idiot.

Scousebird_2

esbo wrote: »

I have misunderstood nothing, if the money was there I would not have gone
overdrawn so it think it is your who has misunderstood the situation. There is only
one balance shown on my statement.

Anyway the bottom line is I am the customer and as the customer I am always right.
The bank can play with the wording on it's statements untill the cows come home
but it will no longer have the pleasure of playing with and making a profit from my
money because it will be moved elsewhere, so they can keep the 22p I hope they
don't spend it all at once.
If they are unsure how to invest it I will gladly tell them where they can shove it

When you pay a cheque in-on the 3rd working day, the funds are AVAILABLE for withdrawral...HSBC are one of the few banks who will allow you to draw against the cheque on the 3rd day-even though technically the cheque can be requested back by the drawrers bank up to 3pm that same day so if you used the funds from the cheque anytime before the 3rd day (eg paid in Mon and transferred funds on Wed) then your overdraft would not of been used because the cheque would of appeared as available? Are you sure this was the only item that took you into a debit balance that day? And then the day after I am assuming your balance went into credit again. If you didn't leave it 3 clear working days and you drew on the cheque then were you aware of the clearing cycle (this is a question by the way, i'm not having a go)-if you weren't aware of the timescales and how the clearing system works in all banks-not just HSBC then I can understand some of your concern. The cheque will of shown in the account the next working day after you put it in for interest purposes but it would still of been a further 2 days (dependent on what the cheque was paid in...+2 days from pay in if before 3.30pm Monday) for it to credit and show in the available balance, The fact that you had an overdraft meant you were fortunate enough to draw on the uncleared cheque without any further charges so I am guessing here that the clearing cycle has confused here?

esbo

natweststaffmember wrote: »

Esbo, personally, for 22p I would be annoyed, and want to know why I could transfer funds out of my account. Once explained I would say thanks for the advice and learn from it.
Would you like to know why banks don't "hide" cheques from balances? Because they would be accused of losing the cheques, using it for their own purposes etc,etc,...
If you do not want an overdraft, post 8, ask the bank to cancel it completely. That will solve the problem of using the overdraft.
How much money did transferring it to a saving account make in interest?
It has been explained how it works, btw, i am almost certain that the bank will refund 22p cos it is imho such a low amount that it will be insignificant to the bank.
You are wrong by the way, so the customer is not always right however they can blame the bank when they do not understand something. At least you do now which is a good thing and I am sure other posters who read this may be helped by reading this.

Bloody hell! I was earlier going to say some of the people here sound like they are
working for the banks. Apparently you do work for a bank. That 22p is probalny in
your pay packet - thanks for your unbiased opinion
It is you who does not understand something, you don't understand that the banks
are a sleezy crooked monopoly, run by either complete idiots or crooks.
The recent credit crunch proves that.
At best they are run by a bunch of pompus condescencing stuck up idiots and crooks.

I can't really make it any plainer than that.

esbo

English_Bob wrote: »

Right or wrong, you will never get the 22p back as you will spend more in phone calls and letters (which the bank will never pay for). Live and learn from this.
Change your account to a different bank in the mis-guided thought that the new bank will be nicer to you and move on. Worrying yourself over this will not be good for you.

Yes I will ask for the cost of the phone call amd I know they will refuse hence I will
move my money else where.
I think the best thing I can do is to go down to the bank at lunch time and kick up a big scene calling them a bunch of crookos and banging on the cashiers window.
That will make me feel a lot better as I explain to all their potential customers what cheating scum they are.
Food for thought if u r queueing for a mortage.

esbo

Scousebird wrote: »

When you pay a cheque in-on the 3rd working day, the funds are AVAILABLE for withdrawral...HSBC are one of the few banks who will allow you to draw against the cheque on the 3rd day-even though technically the cheque can be requested back by the drawrers bank up to 3pm that same day so if you used the funds from the cheque anytime before the 3rd day (eg paid in Mon and transferred funds on Wed) then your overdraft would not of been used because the cheque would of appeared as available? Are you sure this was the only item that took you into a debit balance that day? And then the day after I am assuming your balance went into credit again. If you didn't leave it 3 clear working days and you drew on the cheque then were you aware of the clearing cycle (this is a question by the way, i'm not having a go)-if you weren't aware of the timescales and how the clearing system works in all banks-not just HSBC then I can understand some of your concern. The cheque will of shown in the account the next working day after you put it in for interest purposes but it would still of been a further 2 days (dependent on what the cheque was paid in...+2 days from pay in if before 3.30pm Monday) for it to credit and show in the available balance, The fact that you had an overdraft meant you were fortunate enough to draw on the uncleared cheque without any further charges so I am guessing here that the clearing cycle has confused here?

It is a simple matter really, nothing to do with working days.

If they show a balance on my account then that is my balance.

If you are saying that the figure they are showing is incorrect then that is their fault not mine.

Remember they displayed the figure not me, you cannot hold me responsible for their mistakes.

I am right, they are wrong it is as clear as black and white, people who disagree
must live in cloud cuckooland.

jonesMUFCforever

Perhaps the OP could state which bank would act differently if he had acted as he has done with HSBC?
Perhaps a nice bank in the sunny Cayman islands with his money being looked after by that nice Italian Mafiosa family would do what he wants? LOL

esbo

jonesMUFCforever wrote: »

Perhaps the OP could state which bank would act differently if he had acted as he has done with HSBC?
Perhaps a nice bank in the sunny Cayman islands with his money being looked after by that nice Italian Mafiosa family would do what he wants? LOL

The fact that the banks maybe runnig a corrupt monopoly does not make it right.

The same bunch of corrupt idiots have crippled the econemy and sent us into the
biggest recession/depression since the war.

That's what happens when you let corrupt bankrupt crooks walk all over you.

Some of you may be happy to lick their backsides, but quite frankly I will not
be joining that club.