Concern over new current accounts - BBC News

ShelfStacker_3

It does make me laugh how many people have a chip on their shoulder when the banks close their accounts. Or on here, when people go "how dare you have a go at me for bouncing all my Direct Debits and make me feel bad, I bet you're perfect then, never missed anything etc etc etc"... to which I always think "You're SUPPOSED to bloody feel bad, there's SUPPOSED to be consequences, because you're defaulting on your bloody obligations!" So bloody stupid.

The three strikes policy should be blanket IMHO. If you can't run a bank account properly, you should be shown the door. There need to be consequences.

PROLIANT

ShelfStacker wrote: »

It does make me laugh how many people have a chip on their shoulder when the banks close their accounts. Or on here, when people go "how dare you have a go at me for bouncing all my Direct Debits and make me feel bad, I bet you're perfect then, never missed anything etc etc etc"... to which I always think "You're SUPPOSED to bloody feel bad, there's SUPPOSED to be consequences, because you're defaulting on your bloody obligations!" So bloody stupid.

The three strikes policy should be blanket IMHO. If you can't run a bank account properly, you should be shown the door. There need to be consequences.

Ditto.....

masonic

withnell wrote: »

Surely that'll end up with the same charges for each group overall?

I'm not sure what you mean by that, but essentially a rebatable fee system would be similar to the current system, in which anyone can have free banking if they care enough to manage their account properly and not forfeit their rebate. Those that cannot or will not manage their accounts properly will know upfront exactly what that behaviour will cost them and it would be limited.

For those people who can't manage a current account and can't afford to pay anything for their banking needs, there are now savings accounts that come with a cashcard and are able to send and receive electronic payments in much the same way as a current account. These would not allow a customer to spend what they do not have and therefore prevent them from running up any bank charges - the drawback being they couldn't write cheques or set up direct debits, but these are the sort of things such customers would tend to want to avoid doing anyway.

oldwiring

Make it "almost a sin", as it was in my early days, to have a multitude of current accounts. IMO that and having to have some form of introduction would cut a goodly amount of rubbish. Hey ho can't be done as it would spoil the numbers game. Banking? It's more like cheap tailoring. Never mind the quality! Feel the width!.:rolleyes:

ShelfStacker_3

Requiring introduction would disenfranchise wide swathes of people from the banking system, and as said elsewhere the government has pledged to make banking universally available to everyone.

All that needs to be done is for people to take responsibility for their finances, and not expect banks to clear up after their whoopsies. That thread about the guy having his Cashminder account closed is a case in point - he wasn't concerned about the fact that he'd bounced all his Direct Debits, just that the bank wouldn't let him do so any longer.

Sadly, I don't think this responsibility will come any time soon. People just don't care about their finances any more. Don't even get me started on IVAs/DMPs and the like, I could go on for ages.

oldwiring

ShelfStacker wrote: »

Requiring introduction would disenfranchise wide swathes of people from the banking system, and as said elsewhere the government has pledged to make banking universally available to everyone.

.

And perhaps the government has a* nice* idea there, but in truth some have always been unsuited to having an account, and will always be. Governments spare no expense in such matters...from our wallets¬:rolleyes: