i'm a 20 year old student in a bit of trouble...

Errata

Only the account holder can change their contact details.

vazzavazza

aRRRRGH!This very same thing has just happened to me, just when i thought i was starting to clear up all my money messes.

I thought i'd cancelled my ebay seller account, but they've still attempted to take monthly payments (for what, i have no idea) from my natwest account, which i havent used in about a year. Just checked my internet banking today and i owe £181! waaaaah!

What should i do? I cant afford to pay it right away but im scared it mounts up higher. I phoned natwest and they told me i have to speak to lending dept. who wont be available till tomorrow. The woman on the phone was largely unsympathetic anyway. I should've shut the account ages ago.

Tommy99

Lokolo wrote: »

Just to let you know if HSBC find out they will cancel your account more than likely. It does state in their T&Cs that if you have a student account with HSBC you must not have one elsewhere.

I know I have another student account but now i in the process of closing my halifax one. Should be closed, in around 6 months and i hope to god they don't find out. But, to my knowledge they are not allowed to hand out my information to other banks. only credit check?

jay3_2

Tommy99 wrote: »

Hi there,

I have got the same problem, I have 2 student bank accounts as Halifax do not mind you having another. I use HSBC because they are a better bank in terms of internet banking etc.

I went to pay for petrol a few months ago and had picked up the wrong card (Halifax). So, i tried to pay with it and got declined. i went to one of those cash point that charge to check my balance and it was over drawn by £310. I lucky had money on another card.

So i went home and pulled every bank statment from the past few months. the last one i had was 2 months old and i was within balance. i had one letter saying a Direct debit had bounced mean i went over drawn. What they had done is:

Direct debit to me over my limit by a £10 ish, then they put it back into my account because there was not enough money. this had mad me go overdrawn, letting them charge me for the £310. This was a lot because, they had not notified me in time and i was having more direct debit hitting the account. All i knew was that i was transfering money to the account from my other one thinking it was paying.

After i had all my facts all they said was that it had nothing to do with us, have you tried internet banking. I argued so much that they had not noticifed me in time, but they did not care.

I have now canceled all direct debits, taken a small loan from the parents to pay all my bills for the year. Just so those scummy banks do have a chance to take anymore money.

Sorry if there is a few spelling areas just in a rush before my lunch break.:rotfl: :rotfl: :rotfl: :rotfl:

This is all your own fault. I cannot believe the number of people who come on this forum whinging about "unfair" charges, when they don't take responsibility for their own money in the first place. What is so difficult about checking your statement? Are banks now supposed to "warn" people every time they are about to incur charges? How much do you think that will cost them, and how are they expected to recoup this extra money? I never pay charges, and never will, because I realise that no-one else is responsible for managing my money. Keep a float of money in the account, so that if unforeseen outgoings occur, you won't go overdrawn - it's that easy.

Scummy banks eh, providing a 100% free cash withdrawal service, 24x7x365, free debit card, free statements, free text alerts, interest on positive balances, free standing orders and direct debits. What a terrible rip-off!

GrammarGirl

jay3 wrote: »

This is all your own fault. I cannot believe the number of people who come on this forum whinging about "unfair" charges, when they don't take responsibility for their own money in the first place. What is so difficult about checking your statement? Are banks now supposed to "warn" people every time they are about to incur charges? How much do you think that will cost them, and how are they expected to recoup this extra money? I never pay charges, and never will, because I realise that no-one else is responsible for managing my money. Keep a float of money in the account, so that if unforeseen outgoings occur, you won't go overdrawn - it's that easy.

Scummy banks eh, providing a 100% free cash withdrawal service, 24x7x365, free debit card, free statements, free text alerts, interest on positive balances, free standing orders and direct debits. What a terrible rip-off!

Although I do agree with your basic point, you've got a bit of a rosy view of the banks! They are businesses like any other and are out to make money. Continual abuse of an overdraft facility of course should incur penalties, but going overdrawn by a small amount for a matter of hours should not incur such massively disproportionate charges!

The poster you replied to obviously wasn't in full control of his finances and it was ultimately his fault. But everything isn't always black and white. Bank charges can be wholly unfair - isn't this proven by the amount of people who have successfully reclaimed?

Tommy99

jay3 wrote: »

This is all your own fault. I cannot believe the number of people who come on this forum whinging about "unfair" charges, when they don't take responsibility for their own money in the first place. What is so difficult about checking your statement? Are banks now supposed to "warn" people every time they are about to incur charges? How much do you think that will cost them, and how are they expected to recoup this extra money? I never pay charges, and never will, because I realise that no-one else is responsible for managing my money. Keep a float of money in the account, so that if unforeseen outgoings occur, you won't go overdrawn - it's that easy.

Scummy banks eh, providing a 100% free cash withdrawal service, 24x7x365, free debit card, free statements, free text alerts, interest on positive balances, free standing orders and direct debits. What a terrible rip-off!

Well someone got out of the wrong side of the bed. I understand what you say, and yes it is my fault for not cheking the bank account. But, is it not the banks responablilty to at least send my any charges on my bank statments? if i would have known this i would have been in this situation.

But, banks do go on about giving back to customers? I had my other bank ring me to see if i had lost my card, due to strange transaction on betting sites which was me. They will follow up these areas but when they are making money from you they will not call and notifiy you, the certasy of ring to say "We have charged you for the last 3 months, are you aware of this"? Is this just not customer service. If not whjy do we use banks, why not just keep it in a safe, and control how takes your money.

Jay3 - Good luck with your float, maybe instead of having ago at other posters maybe you should give advice or just not read the threads in the first place.

jay3_2

GrammarGirl wrote: »

The poster you replied to obviously wasn't in full control of his finances and it was ultimately his fault. But everything isn't always black and white. Bank charges can be wholly unfair - isn't this proven by the amount of people who have successfully reclaimed?

I don't think the success stories of people reclaiming charges necessarily mean that they acknowledge that they are unfair - it just shows that the banks have been pressurised into this by adverse PR.

I don't have a rosy view of banks at all, though I do think they are an easy target (esp. at the moment!), just like the supermarkets. Of course they are businesses, hence the need to make profits. Some poeple on this forum seem to have a problem with that basic fact. All I can say is that my bank has given me 25+ years of faultless, excellent service, for which I have been charged the sum of £0. Can anyone name another business that provides that level of service?

Tommy99

Jay 3 - I don't have a rosy view of banks at all, though I do think they are an easy target (esp. at the moment!)

Jay3 - You do have to remember that it the banks (sorry plus the goverment) fault that we are in this situation in the first place. They lent to much money, out of greed.

Lokolo

Tommy99 wrote: »

Jay3 - You do have to remember that it the banks (sorry plus the goverment) fault that we are in this situation in the first place. They lent to much money, out of greed.

People still took the money.... just as you have done.

jay3_2

Tommy99 wrote: »

Well someone got out of the wrong side of the bed.
Jay3 - Good luck with your float, maybe instead of having ago at other posters maybe you should give advice or just not read the threads in the first place.

Having a float is a good piece of advice - it will prevent you from being charged by banks.