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HSBC -Decline my transactions if I dont have the funds

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Comments

  • Rusty!
    Rusty! Posts: 2,076 Forumite
    Part of the Furniture Combo Breaker
    Maybe it's worth seeing if you can get a Solo or VISA Electron card, they require cleared funds to be authorized. Not as widely accepted as Maestro/VISA Debit though.
  • emlou2009
    emlou2009 Posts: 4,016 Forumite
    when i went on my dmp hsbc cut off my switch card (with no warning by making it come up in a shop as a stolen card on their till, very embarassing with a queue of people behind you and a trolley full of shopping in asda!!) and their justification of it was that by giving me a solo card instead i wouldnt be able to use my card if there were insufficient funds but it clearly isnt the case as i've had charges from using my card since, so i dont think that always works. would be good if it did though!
    Mummy to
    DS (born March 2009)

    DD (born January 2012)
  • jay3 wrote: »
    Plenty of other posters have offered the solution to your problems - refer back to having two accounts, using cash, opening a "basic account" etc etc

    Couple this with my suggestions on DDs, and you have the answer.

    If you don't want to take their sound advice, or mine, then good luck with battling the banks for months to come, and all the associated hassle.

    The point is, no-one is going to do this for you. It's up to you to take control.

    Oh and please don't accuse me of "disagreeing with everything on this site" - that is just nonsense.


    I wonder why you thought I was refuring to you when I said that???

    I was not the poster with the problem on this site. I was just making a point. I in the last few months gone down the more then one bank account route. I have a joint one for my g/f and I's bills. I have one for my bills. And then one for me to spend every day stuff from. Its works well.

    I still stick to my point though that banks should not allow payments if you dont have money. Cos we dont all have the time to sit and work out what comes out when. I would rather just be regected a payment, if I dont have the money. Simple.

    I feel some of the posters got so agresive on here. People are asking for advise, they dont need smug people telling them how easy they find it all. The advise about having two accounts is great.

    Saying "I cannot see why you cannot take responsibility for it yourself."

    or

    "But don't expect a financial institution to do it all for you- take responsibility."

    Are cleary not helpfull.

    People ARE having problems, 1000's of people are geting charged these fines. Its not cos they are silly or irsponsable. Its cos the banks wnats them to fail, as it makes them lots of money. People are not asking the banks to sort there finances for them, we are just askingh for a little more undersanding. Just go and read the posts in the hardship section. People who have lost a job, and a relative or become disabled. They have rung the bank to tell them there situatiuon, and the bank and charging them up to 30 quid every time a transaction is made. There is no way this reflacts the price to the bank and its bang out or order.

    No one here knows any one else situation, so dont just brand some one as not take responsibility. You do not know what is going on in there lifes.
  • jay3_2
    jay3_2 Posts: 165 Forumite
    dirtydavey wrote: »
    I wonder why you thought I was refuring to you when I said that???

    I still stick to my point though that banks should not allow payments if you dont have money. Cos we dont all have the time to sit and work out what comes out when. I would rather just be regected a payment, if I dont have the money. Simple.

    I feel some of the posters got so agresive on here. People are asking for advise, they dont need smug people telling them how easy they find it all. The advise about having two accounts is great.

    Saying "I cannot see why you cannot take responsibility for it yourself."

    or

    "But don't expect a financial institution to do it all for you- take responsibility."

    Are cleary not helpfull.

    People ARE having problems, 1000's of people are geting charged these fines. Its not cos they are silly or irsponsable. Its cos the banks wnats them to fail, as it makes them lots of money. People are not asking the banks to sort there finances for them, we are just askingh for a little more undersanding. Just go and read the posts in the hardship section. People who have lost a job, and a relative or become disabled. They have rung the bank to tell them there situatiuon, and the bank and charging them up to 30 quid every time a transaction is made. There is no way this reflacts the price to the bank and its bang out or order.

    No one here knows any one else situation, so dont just brand some one as not take responsibility. You do not know what is going on in there lifes.

    I probably assumed you were referring to me because you quoted my post in your reply!!

    Banks are not charities - if you spend what you don't have, and don't bother even to arrange an overdraft, of course you can expect to be charged.

    Would you expect a shop to be equally sympathetic, if you simply helped yourself to goods from their shelves without paying for them? You are borrowing someone else's money without their consent, and the other person has no guarantee that you'll pay them back.

    Of course circumstances change in life, but it just requires a bit of planning to deal with them. Especially: do not spend more than you earn, and put some money aside for emergencies.

    And you say "I would rather just be regected (sic) a payment, if I dont have the money. Simple." - well, what about the recipient of that payment? What are they supposed to do?
  • jay3 wrote: »
    I probably assumed you were referring to me because you quoted my post in your reply!!

    Banks are not charities - if you spend what you don't have, and don't bother even to arrange an overdraft, of course you can expect to be charged.

    Would you expect a shop to be equally sympathetic, if you simply helped yourself to goods from their shelves without paying for them? You are borrowing someone else's money without their consent, and the other person has no guarantee that you'll pay them back.

    Of course circumstances change in life, but it just requires a bit of planning to deal with them. Especially: do not spend more than you earn, and put some money aside for emergencies.

    And you say "I would rather just be regected (sic) a payment, if I dont have the money. Simple." - well, what about the recipient of that payment? What are they supposed to do?


    Thats the point, some people just dont have the option to plan for the future. It comes and it hits them, and some people dont have money to put away.

    It all very good for you to tell people to plan. But some are not in the same position as you to make them plans.

    "Would you expect a shop to be equally sympathetic, if you simply helped yourself to goods from their shelves without paying for them? You are borrowing someone else's money without their consent, and the other person has no guarantee that you'll pay them back."

    You are just proving my point here. If I was to go to a shop and take loads of stuff to the till, and the found I had no money. They would make me put it all back. Not let me have it any way, then add on an extra 30 quid to my bill of the one tin of beans.

    "And you say "I would rather just be regected (sic) a payment, if I dont have the money. Simple." - well, what about the recipient of that payment? What are they supposed to do?" - Let me and that compnay worrie about that, it not up to the banks to do any thing about it. Plus if for example I get payed 100 quid a month. And Company A trys to take money for 10 pounds, the bank allow this. And charge me 30 quid, next month if I could not afford to pay compnay a, I sure as hell cant now. But now I cant pay b or c. So dont make out that the banks are doing me some sort of favour. The banks are screwing the most in need. And you know it!
  • jay3 wrote: »
    I probably assumed you were referring to me because you quoted my post in your reply!!

    Banks are not charities - if you spend what you don't have, and don't bother even to arrange an overdraft, of course you can expect to be charged.

    Would you expect a shop to be equally sympathetic, if you simply helped yourself to goods from their shelves without paying for them? You are borrowing someone else's money without their consent, and the other person has no guarantee that you'll pay them back.

    Of course circumstances change in life, but it just requires a bit of planning to deal with them. Especially: do not spend more than you earn, and put some money aside for emergencies.

    And you say "I would rather just be regected (sic) a payment, if I dont have the money. Simple." - well, what about the recipient of that payment? What are they supposed to do?



    "Would you expect a shop to be equally sympathetic, if you simply helped yourself to goods from their shelves without paying for them? You are borrowing someone else's money without their consent, and the other person has no guarantee that you'll pay them back."


    Also this coment is not at all true. I have told my bank time and time again, I dont want them to "lend" me money. And they do, and tell me its "a informall over draft request" and that its "been aproved" So I AM borrowing with there permission, but they are lending with out mine.

    So its more like tesco knowing that I am hunrgy and turning up at my door with food, then asking me to pay for the serices. THAT I DID NOT WANT!
  • Completely agree with you Davey. I have tried incredibly hard in the last few months to keep a track on my money but as I recently lost my jobs it's incredibly hard to keep a "buffer" when you are living on less than £60 a week. I have even gone so far to check my internet banking and phoned to check I was within my limits before I spent any money and I was given completely incorrect information and incurred charges because of the information I was given. How fair is that? I'm trying to be responsible but I'm afraid banks do not make it easy.
  • jay3_2
    jay3_2 Posts: 165 Forumite
    dirtydavey wrote: »
    "Would you expect a shop to be equally sympathetic, if you simply helped yourself to goods from their shelves without paying for them? You are borrowing someone else's money without their consent, and the other person has no guarantee that you'll pay them back."


    Also this coment is not at all true. I have told my bank time and time again, I dont want them to "lend" me money. And they do, and tell me its "a informall over draft request" and that its "been aproved" So I AM borrowing with there permission, but they are lending with out mine.

    So its more like tesco knowing that I am hunrgy and turning up at my door with food, then asking me to pay for the serices. THAT I DID NOT WANT!

    THEN MOVE TO AN ACCOUNT WHERE YOU CANNOT OVER-BORROW! or stop complaining - the bank is following the terms & conditions of your account, so must you.

    IT IS NOT DIFFICULT.
  • Jay3 -Do you work for a bank?
  • jay3_2
    jay3_2 Posts: 165 Forumite
    dirtydavey wrote: »
    "And you say "I would rather just be regected (sic) a payment, if I dont have the money. Simple." - well, what about the recipient of that payment? What are they supposed to do?" - Let me and that compnay worrie about that, it not up to the banks to do any thing about it.

    And if the payment is to an individual? Or a charity? What then? Is it their problem? I say it is yours, you are responsible for ensuring that you have sufficient funds BEFORE promising someone else a payment.
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