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HSBC -Decline my transactions if I dont have the funds

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Comments

  • Not just a charge though is it? I could understand a small profit on what it costs the bank to bounce etc but profiteering from misfortune is what annoys me. I notice none of you that quoted me have answered the question about the bank's responsibility...
    By the way Jay3 I wonder how much your house cost when you first bought it and how much you earned at the time. Bet it's nothng like today... I can't possibly save as the rent is higher than having a mortgage.
    By the way what are you doing on a bank reclaiming charges site championed by Martin Lewis if you don't believe in the basic principle that what banks are doing is Illegal?
    None of you can possibly preach to others as you do not know everyone's circumstances, just as I can't. I just think you are blinkered about how hard it is in this current economy and banks DO NOT MAKE IT EASY.
  • Not just a charge though is it? I could understand a small profit on what it costs the bank to bounce etc but profiteering from misfortune is what annoys me. I notice none of you that quoted me have answered the question about the bank's responsibility...
    By the way Jay3 I wonder how much your house cost when you first bought it and how much you earned at the time. Bet it's nothng like today... I can't possibly save as the rent is higher than having a mortgage.
    By the way what are you doing on a bank reclaiming charges site championed by Martin Lewis if you don't believe in the basic principle that what banks are doing is Illegal? I don't believe the banks are doing anything Illegal. It is UNLAWFUL but definitely not illegal.
    None of you can possibly preach to others as you do not know everyone's circumstances, just as I can't. I just think you are blinkered about how hard it is in this current economy and banks DO NOT MAKE IT EASY.

    Minor point there but I understood your point(its just that it is a point that needed to be made re Unlawful(civil court) Illegal(criminal court).
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • willo65
    willo65 Posts: 1,012 Forumite
    None of you can possibly preach to others as you do not know everyone's circumstances, just as I can't. I just think you are blinkered about how hard it is in this current economy and banks DO NOT MAKE IT EASY.

    I know how hard it is, I am still renting and am aware it is more than a mortgage and find it hard to save. But the bank makes it very easy for me, I keep an eye on my account and don't spend what I don't have and in return get free banking and NO Charges. Anyone can do this and it is not just limited to some.

    Regarding your comment on "being here if you don't agree with yada yada" - It is a forum -


    concise_oed.gif0-19-861022-X.gif

    forum

    /forschwa.gifm/ • noun ([SIZE=-1]pl.[/SIZE] forums) 1 a meeting or medium for an exchange of views. 2 [SIZE=-1]chiefly N. Amer.[/SIZE] a court or tribunal. 3 ([SIZE=-1]pl.[/SIZE] fora) (in ancient Roman cities) a public square or marketplace used for judicial and other business.


    As per point 1 in the oxford english dictionary an exchange of views - I do believe this is not limited to only one view
  • charges incurred for misuse of a bank account are acceptable,
    the level that they have been set at are not,
    multiple charges for the same incident are also not.

    I dont think most people deny responsibility for their own finances,
    granted some do but majority dont and incurred charges can come about for various reasons, unemployment, relationship breakdowns, unexpected bills
    such as car breaking down, companies taking a lot more than agreed out of bank e.t.c

    If ever i have had problems with payments in past 9 times out of 10 a phone call to company usually results in an acceptable arrangement possibly with a relative fee imposed.
    Banks meanwhile capitalise upon such problems seeing an opportunity to cash in at a rate no other institution would get away with.
    I cant understand how anybody who has read the posts giving examples of such situations cannot realise that banks abuse charging system on a regular basis. Banks are not charities and charges should be in place to discourage people from spending outside their means, but to attack a minor discrepancy in such a way as to create further problems next month is a practise that really should be left to the loan sharks.

    OFT thinks level of charges could be deemed to be unfair.
    Judges overseeing case agree.
    I can understand banks disagreeing thats a lot of revenue lost.
    cant see how anybody else can disagree.
    They probably think that if banks are forced to charge approriate amounts then free banking would be lost. why? could it be that the excess of these charges be funding running costs of everybody elses bank account.
    If this is the case then the sooner that practise is stopped then all the better
  • Thanks for the definition of forum. That'll come in handy. My point is this website was set up for people who are obviously not in as lucky a position to be able to keep within certain criteria. Why come on and criticise people who are already going through problems? I say "stick it to the man - he deserves it" and I think the majority of people on this forum

    /forschwa.gifm/ • noun ([SIZE=-1]pl.[/SIZE] forums) 1 a meeting or medium for an exchange of views. 2 [SIZE=-1]chiefly N. Amer.[/SIZE] a court or tribunal. 3 ([SIZE=-1]pl.[/SIZE] fora) (in ancient Roman cities) a public square or marketplace used for judicial and other business.

    would agree irrelevent of your view.
  • willo65
    willo65 Posts: 1,012 Forumite
    Thanks for the definition of forum. That'll come in handy. My point is this website was set up for people who are obviously not in as lucky a position to be able to keep within certain criteria. Why come on and criticise people who are already going through problems? I say "stick it to the man - he deserves it" and I think the majority of people on this forum

    /forschwa.gifm/ • noun ([SIZE=-1]pl.[/SIZE] forums) 1 a meeting or medium for an exchange of views. 2 [SIZE=-1]chiefly N. Amer.[/SIZE] a court or tribunal. 3 ([SIZE=-1]pl.[/SIZE] fora) (in ancient Roman cities) a public square or marketplace used for judicial and other business.

    would agree irrelevent of your view.

    I understand when people are going through problems but also on the forum are a lot of people who try it on. Looks to me like the OP isn't keep track of what she is spending and it is nothing to do with problems.
  • My advice to the OP ( as mentioned by a few posters) is to get an account with a solo card. Then your card (if used with a PIN machine) will be rejected if there are not enough cleared funds.

    I have a 'normal' account and a basic account at the same bank and find myself using the basic account more & more as it makes it so easy to budget as the balance on it is the amount that is available to spend.
    Of course, you will still get charges for any rejected SO or DD, but you will never get any for going overdrawn.

    ( I believe the Visa Electron is the same, but I've never used one)
    [STRIKE]
    DFW Nerd number 729
    [/STRIKE]
    Debt Free & Proud
  • jay3_2
    jay3_2 Posts: 165 Forumite
    I notice none of you that quoted me have answered the question about the bank's responsibility....

    Yes I did, check post number 38.
  • jay3_2
    jay3_2 Posts: 165 Forumite
    By the way Jay3 I wonder how much your house cost when you first bought it and how much you earned at the time. Bet it's nothng like today... I can't possibly save as the rent is higher than having a mortgage..

    Then carry on renting. What is the alternative? Buy a house that you cannot afford, get into financial problems, then complain when the bank repossesses your home?

    I rented for years while I saved. There were times when house prices were rising faster than I could save the additional money, but I was responsible - to myself and others - and did not commit to debt that I might not be able to pay back.
  • dirtydavey
    dirtydavey Posts: 63 Forumite
    jay3 wrote: »
    Then carry on renting. What is the alternative? Buy a house that you cannot afford, get into financial problems, then complain when the bank repossesses your home?

    I rented for years while I saved. There were times when house prices were rising faster than I could save the additional money, but I was responsible - to myself and others - and did not commit to debt that I might not be able to pay back.



    :T:T Well done JAY! O I wish I could be more like you. You are my hero Jay!

    Rich Jay who owns a house, and saved for it. Who never gets into debt, or gets any charges.

    O JAY, you so cool!
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