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Bank Charges - Our Money?
chris_spackman
Posts: 596 Forumite
With the fair bit of cash that Banks will have to pay back where will it come from, will it simply be our money they are paying back to us in the sense of the money Brown 'lent them'?
end the tv tax
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Comments
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I cant see that they will have to pay anything back to be honest.0
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Darth_Marty wrote: »I cant see that they will have to pay anything back to be honest.
I think he is referring to the unfair bank charges that customers have been claiming back. Didn't the courts rule in favour of the customers today?0 -
mr.broderick wrote: »I think he is referring to the unfair bank charges that customers have been claiming back. Didn't the courts rule in favour of the customers today?
The courts ruled that the banks cannot go to appeal. Though the banks look set go to to the lords.
Which means basically the OFT can look into the charges.
If the case falls in favour of those claiming their charges and interest on top, then yes, for the banks such as Northern Rock, Halifax, RBS, etc, it will basically be some of the taxpayers money paying for the charges to be given back to the incompetent.
I really don't need much to get me started on how much I hate the whole premise of reclaiming charges....especially the catologue charges, in which you claim your charges back, even though you haven't damned well paid for the item, yet you keep the item.
By incompetent, I don't mean those who went overdrawn through no fault of their own. There are people claiming thousands back.
And not only that, they claim thousands back, spend it all on a car or something and are back to square one. Some people on MSE have claimed their charges back 3 times. Claim it back, spend it, then oh, were overdrawn again, claim it back, spend it, oh....0 -
Graham_Devon wrote: »If the case falls in favour of those claiming their charges and interest on top, then yes, for the banks such as Northern Rock, Halifax, RBS, etc, it will basically be some of the taxpayers money paying for the charges to be given back to the incompetent.
The blind leading the blind.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0 -
ooooh, sorry, I didnt realise anything had happened in the charges case, so is it likely that the banks will have to pay all charge fees back to customers then?
Wow, thats huge news if so, I never thought that would happen.0 -
Graham_Devon wrote: »If the case falls in favour of those claiming their charges and interest on top, then yes, for the banks such as Northern Rock, Halifax, RBS, etc, it will basically be some of the taxpayers money paying for the charges to be given back to the incompetent.
As opposed to it staying with...the banks? :rotfl:matched betting: £879.63
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It would have been cheaper for the Govt to have let the banks go to the wall and start a shiny new bank, placing into savings accounts all the savers' money.... using all the bailout money they've stumped up (probably would have been less by now)
Start again. Bit late now.0
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