Lloyds !!!

Mark7799

clapton68 wrote: »

Son is working as a skillseeker for the local council in Motherwell.

His pay £150.00 a fortnight goes directly into his Lloyds account which he recently opened up.
He had £4.35 in the bank,then went overdrawn by £3.00,but his wages were to be paid in the following day,not good enough for Lloyds apparently so they charged him £20.00,and another charge of £6.00 per day until it was paid off,daylight robbery imo,so can anyone tell me please of a bank which does not have such highway robbery charging,thanks in advance.

Trying to cut through the emotive part of it, all banks will make some sort of charge for unauthorised overdrafts. The options appear to be to learn to budget better or to get a small authorised overdraft for situations like you describe. If he does get an overdraft, are you sure he won't go over that and be faced with a similar problem?

clapton68

CHR15 wrote: »

But this is all automated. Nobody looked at a £7-35 withdrawal. A machine simply flagged his account as being in the minus. I doubt the machine cares if it was £3 overdrawn or £300, still the flag.

No doubt the automated system also spat out the charges with no human intervention at all.

I would be surprised if ANY bank sifted through all the debits from all customers, and cross referenced them with past deposit trends.

Have you tried talking to them to ask if they will waive the charge??

They won't accept any interference from my part,it is his account so they will deal with him next week.

clapton68

jonesMUFCforever wrote: »

You still do not say whether you would have whacked him one if he had taken money out of your wallet!
A previous post suggests that you have had to bail him out previously - why hasn't he learnt his lesson?
The bank has done nothing wrong here but are easy targets because your son is incapable of looking after his own money.
Take the card off him and tell him to deal in cash until he learns his lesson.

Whack my son?

Good one,do you hit your own child/ren for any misdemeanours?

I agree the bank has done nothing wrong,but a bit of leeway from banks may encourage more folk to use them,my son has to get his wages put into the bank because it's statutory by the council,maybe if the council paid his wage by hand then he wouldn't be in so much of an overdraft.

CLAPTON

Does he see this issue as a problem?
Is he willing be accept that some of his salary will be wasted on bank charges and so he has less to spend on himself each month?
Is it just you that sees this as a problem on his behalf?
If he doesn't see this as a problem then just accept the status quo until he grows up..

However if he sees it as a problem but lacks the ability to handle the situation then
maybe he should open a 'basic bank account' ....
they don't have any OD, cheque book, or proper debit card (but get a cash card )
althought they are really designed for bankrupts and people with very bad credit ratings they might suit his needs.

udydudy

Not sure what age is your son, I would suggest go with him to the bak and try and talk to the guys , they may waive the cahrges it it is the first time he has been overdrawn like this.
But then if he cannot manage his funds he should not be holding a dbeit card. Like what CLAPTON has said change his account to a cash card account this will stop him being able to go over the balance in his bank account. It would allow the council to pay his salary into it as also be able to set up direct debits and standing orders.

It would hinder being able to use the card to buy at a shop or online. but then he cannot have it both ways either he learns to use his account responsibly or use a cash account which would restrict the flexibility of usage.

Hope the charges are reversed nad yoru son learns his lesson or it is the basic account for him!!!
Best of luck

jonesMUFCforever

clapton68 wrote: »

Whack my son?

Good one,do you hit your own child/ren for any misdemeanours?

I agree the bank has done nothing wrong,but a bit of leeway from banks may encourage more folk to use them,my son has to get his wages put into the bank because it's statutory by the council,maybe if the council paid his wage by hand then he wouldn't be in so much of an overdraft.

You likened the bank to !!!!!! Turpin - the point I was trying to make is how would you feel if he took money from you without permission.
This is what he is doing to the bank and again you have not answered my point about this - so I must assume that you condone his actions.

clapton68

CLAPTON wrote: »

Does he see this issue as a problem?
Is he willing be accept that some of his salary will be wasted on bank charges and so he has less to spend on himself each month?
Is it just you that sees this as a problem on his behalf?
If he doesn't see this as a problem then just accept the status quo until he grows up..

However if he sees it as a problem but lacks the ability to handle the situation then
maybe he should open a 'basic bank account' ....
they don't have any OD, cheque book, or proper debit card (but get a cash card )
althought they are really designed for bankrupts and people with very bad credit ratings they might suit his needs.

Checked the basic bank account on the net the other day so that is what he will be doing when he meets the interviewee on Thursday.

jonesMUFCforever,he knows he's in the wrong,most young folk are of a similar vein so hopefully he will have learned his lesson.