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on what grounds are the banks appealing?

thefly76
thefly76 Posts: 17 Forumite
in Reclaim bank & credit card charges
is the only argument that a consumer victory would be end of free banking in the u.k.?

Comments

  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    thefly76 wrote: »
    is the only argument that a consumer victory would be end of free banking in the u.k.?
    it is much more complicated than that and is about the interpretation of the law.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • robpw2
    robpw2 Posts: 14,044 Forumite
    Part of the Furniture Combo Breaker
    because they want to charge £39 and get away with it lol


    Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
    Slimmer of the month February , March ,April
  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    robpw2 wrote: »
    because they want to charge £39 and get away with it lol
    from what I have read that does seem to be the case, lol.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • robpw2
    robpw2 Posts: 14,044 Forumite
    Part of the Furniture Combo Breaker
    natweststaffmember wrote: »
    from what I have read that does seem to be the case, lol.
    robpw2 wrote: »
    because they want to charge £39 and get away with it lol
    Yes i think youll find im joking hence laugh out loud ..


    Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
    Slimmer of the month February , March ,April
  • Widelats
    Widelats Posts: 3,773 Forumite
    thefly76 wrote: »
    is the only argument that a consumer victory would be end of free banking in the u.k.?

    Well, its not really free since we can't turn round without a charge, and then another charge for making them charge us.
    Owed out = lots. :cool:
  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    robpw2 wrote: »
    Yes i think youll find im joking hence laugh out loud ..
    so was I, hence my reciprocal laugh out loud, lol.
    The arguments in the HOL do seem to suggest that the reason to appeal is to keep the free in credit model going ie, we charge you so someone else doesn't get charged.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • thefly76
    thefly76 Posts: 17 Forumite
    thats a good point. its free banking for the rich and not so free banking for those of us who are not!!!
  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    thefly76 wrote: »
    thats a good point. its free banking for the rich and not so free banking for those of us who are not!!!
    I wouldn't use the word rich necessarily, but why should 1 persons misery be another person free banking?
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • willo65
    willo65 Posts: 1,012 Forumite
    thefly76 wrote: »
    thats a good point. its free banking for the rich and not so free banking for those of us who are not!!!

    I am certainly not rich and never get charges, just organised.
  • simon_templar_2
    simon_templar_2 Posts: 960 Forumite
    Many countries outside the UK charge a monthly fee for having a bank account so if we follow suit it would make us in line with the rest.
This discussion has been closed.
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