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HSBC taking money from my savingds account

13

Comments

  • adambro
    adambro Posts: 243 Forumite
    TEDDYRUKSPIN wrote: »
    The above is correct. Banks have the right to take the money from savings account but.................not JSA! They are not allowed to take this!

    On what do you base this assertion?
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Banks aren't allowed to take JSA for charges but banks can keep putting more and more charges in ;)
  • trenchwars
    trenchwars Posts: 314 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    dunstonh wrote: »
    Another way of looking at that is that they refused you money but you went ahead and spent it anyway. Some may call that theft. They do in France. We ought to treat it more seriously over here as well.

    If they didn't want you to spend the £500, they could have refused the debit transactions.
  • dunstonh
    dunstonh Posts: 121,307 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    trenchwars wrote: »
    If they didn't want you to spend the £500, they could have refused the debit transactions.

    not if they used guranteed methods of payment.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If you go into unauthorised debt on one account (ie an overdraft which you have not agreed with the bank) then it is understandable that they use money from another of your accounts to reduce or pay off that debt.

    I see no problem.
  • ed123_2
    ed123_2 Posts: 556 Forumite
    edited 7 May 2009 at 9:52PM
    ...I agree its probabley in the terms & conditions and this is a lesson for all here the read them even if they are in small faint print.
    Another would be to increase your authorised overdraft limit asap & keep savings/current account in different organisations. As Martin says it is the job of financial organisations to extract as much money from us and our job to do the same to them...
  • FrankieFraser
    FrankieFraser Posts: 8 Forumite
    well i can confirm that after a lengthy argument i have recieved the money back as well as a extra £250 as an apology , so you could say a result!
  • dunstonh
    dunstonh Posts: 121,307 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    FrankieFraser wrote: »
    well i can confirm that after a lengthy argument i have recieved the money back as well as a extra £250 as an apology , so you could say a result!

    It may be a result for you but overall its disgraceful to be honest. The banks are rolling over and paying out for silly things now.

    You had no grounds for £250 to be paid to you and they had done nothing wrong. Sure, they could easily agree to let you have the money back as that is a lending decision and with you able to show JSA, its a fairly easy lending decison to make. Not a complaint.

    Banks have a load of faults and need to be taken to task in a number of areas but in this case nothing was wrong.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    dunstonh wrote: »
    It may be a result for you but overall its disgraceful to be honest. The banks are rolling over and paying out for silly things now.

    You had no grounds for £250 to be paid to you and they had done nothing wrong. Sure, they could easily agree to let you have the money back as that is a lending decision and with you able to show JSA, its a fairly easy lending decison to make. Not a complaint.

    Banks have a load of faults and need to be taken to task in a number of areas but in this case nothing was wrong.

    Well call me a cynic ...

    - New Poster
    - Money taken yesterday
    - Money refunded today
    - Compensation of £250 paid today.

    Pigs might fly. Trolls do not.
  • sagalout1954
    sagalout1954 Posts: 418 Forumite
    Photogenic
    I suppose technically, all this bank did was to TAKE BACK THEIR OWN MONEY!
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