Banks cheated me into paying interest.

dunstonh

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

The same bunch delayed the inevitable by about 10 years. Without the credit boom we would have been in near constant decline. However, none of that has anything to do with you drawing against uncleared funds. A decision you made yourself without any bank employee telling you to do it.

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

You will be too busy licking that 27p second class stamp to ask for 22p back.

Dave_®f©

esbo wrote: »

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.

May I ask what town this will happen in? This would be fun to watch....

I really thought you would be posting today that you were full of the drink and/or drugs yesterday and maybe over reacted somewhat. Apparently not!

[Deleted User]

PM me your address and I'll send you 22p of my own money in the post if it's that much of an issue.

Mark7799

esbo wrote: »

I did have an overdraft facility (which I never asked for).
Point is if it had not cleared they should not show it on my account. They only show
these fake balances to cause people to unwittingly go overdrawn.
It is effectively fraud.
I will look into finding another bank, or at least removing my savings and keeping the balance to an unprofitable (for them balance).
It will certainly cost them more than the 22p they swindled out of me, several hundred pounds in the long run I would imagine.

But it is the principle really, do I really want to bank my money with a bunch of crooks? That's not a good place to put your money is it? I am sure they have numerous little scams like this on other products.

Only problem will be finding a more honest bank.

It's not 'bad design' is is 'designed to be bad'.

When I ask them to refund me the 22p + the cost of the phone call I will ask them to
estimate the cost to them of me withdrawing my money over a period of say 10 years. I would estimate it will cost them several hunded pound minumum.

I am sure some of their ailing competitors would bite my hand off if I asked to
open a saving account. And of course I wil be transfering over my pension fund too.
So that 22p will end up costing them thousands.

I suggest that whichever bank you decide to go to, you spend a lot of time reading ALL the T&c's of all accounts that you have within that Bank to avoid the same situation recurring.

anniecave

I'd also suggest you know the difference between the balance, the available balance, and cleared funds. It's easy to make the mistake otherwise.

Also cheque clearing cycle is a useful one to be clear on.

zkw29

I just wanted to say thank-you for this thread. Absolutely amazing :rotfl::rotfl::rotfl:

I just know you're going to brighten up a call centre workers day when you tell them this story when they ask why you're closing your account.

As for the share buying idea - HSBC's current share price is £7.94 (plus commission etc) so go ahead - that'll show them :rotfl:

esbo

be_alright wrote: »

PM me your address and I'll send you 22p of my own money in the post if it's that much of an issue.

As I said it is not the 22p it is the principle, if the check had not cleared it was dishonest of them to include it in the balance on my account. Note there is only one balance shown, So they are either incompetents or criminals, and as I don't want to bank with either I shall be putting my funds elsewhere. Futhermore it will have cost them more then 22p to send out the letter so the only person who gained was the postman.

esbo

zkw29 wrote: »

I just wanted to say thank-you for this thread. Absolutely amazing :rotfl::rotfl::rotfl:

I just know you're going to brighten up a call centre workers day when you tell them this story when they ask why you're closing your account.

As for the share buying idea - HSBC's current share price is £7.94 (plus commission etc) so go ahead - that'll show them :rotfl:

Incidently their share price was higher 10 years ago, I guess they need my 22p.

esbo

anniecave wrote: »

I'd also suggest you know the difference between the balance, the available balance, and cleared funds. It's easy to make the mistake otherwise.

Also cheque clearing cycle is a useful one to be clear on.

There is only one balance and that is the balance of the money which is in your account.

To show anything else is dishonest.

You need to learn the difference between the truth and bankers b u l l sh *t.

One had a value the other does not. It's very simple.

Lokolo

esbo wrote: »

There is only one balance and that is the balance of the money which is in your account.

To show anything else is dishonest.

You need to learn the difference between the truth and bankers b u l l sh *t.

One had a value the other does not. It's very simple.

You need to learn the difference between using your eyes or not.

As I have already shown, with a screenshot of my HSBC account, that there is a difference between Balance and Available Balance.

What you need to think is this, a person banks a cheque on Friday, this would not be cleared until the following Wednesday, and in your case of having it 'not being shown' as you would like, means the person would think 'damn why isn't my cheque showing yet, I hope they haven't lost it', a lot of the time and a lot of worrying people phoning the call centre on the Monday Tues and Wed.

Instead they choose a simple option, update the users account but show the funds not being cleared yet.