Could This Work

sportbeth

Oh sorry, I just know how most people get when people start talking about relaiming charges. Glad to hear you understand. And I've got to say that without the help of this site I would have spent £800+ on thin air and charges!

dchurch24

trademark - whilst what you say is true, regarding the fact that if you go overdrawn they cannot invest their money elsewhere - how would you defend the fact that to NOT pay a direct debit/cheque/standing order and just bounce it is also charged at 35-40 quid each time?

You are not using their money in that instance, yet that is what they will charge you for it. Surely, to not pay something, is between the 'seller' and the 'buyer' - as the bank has no financial interest in the transaction, how can they justify this?

mikeyh_3

Sorry to join this one so late.

I was about to post about it myself.

I work in debt advice and the guy that put the bank charges website together is a lawyer (Mike Dailly) who works for Govan Law Centre in Glasgow. They help a lot of people on low incomes with various legal and financial issues - usually the kind of people that nobody else is willing to help.

The point about this is that the banks are making excessive profits on bank charges which they are often making at the expense of the poorest in society. Lets face it - if you are a high earner the banks are often more than willing to waive charges out of fear of losing business.

Also I am all for people taking responsibility for their direct debits but I know people that have been spanked with £300 charges for the banks delay in applying their salaries to their account, whilst not applying any delay to the dds! Thats just profiteering.

Finally I believe that the banks would be unwilling to have this tested in court because they don't want to have to reveal their actual costs. So as a last resort, its a good un. It doesn't need to go through the ombudsman first either. A small claim is all it takes and it is unlikely to ever to get to the court.