End the bank charges hold now, Martin Lewis urges regulator

robpw2

i think if claims for charges are on hold the banks should not be allowed to make these charges either

all charges should be on hold till the descision

jamespir

robpw2 wrote: »

i think if claims for charges are on hold the banks should not be allowed to make these charges either

all charges should be on hold till the descision

totaly agree abbey are taking the total p at the mo there charging whatever they like and there response is because we can

natweststaffmember

robpw2 wrote: »

i think if claims for charges are on hold the banks should not be allowed to make these charges either

all charges should be on hold till the descision

At the moment the case is about whether bank terms can be assessed for fairness and not whether the terms are fair.
The second part of the case can involve injunctions against the bank charging. However, at the moment it doesn't so whilst I understand your argument, I don't agree with it based on the current stage of litigation.

Nathan_Spleen

Re the MSE news article, this is what the bank's QC Jonathon Sumption told the House of Lords:


''Those charges will necessarily exceed by a large margin the costs to the bank of dealing with the particular transactions that occasion them, because they are actually a revenue stream essential to the funding of the whole current account operation and not just the particular transactions on current accounts which give rise to their charging.''

ganonman

jamespir wrote: »

totaly agree abbey are taking the total p at the mo there charging whatever they like and there response is because we can

I second that. Was really careful this month, cut down on spending, bought no alcohol or unnecessary items whatsoever.

Logged on this morning, £95 in fee's from abbey, 3 days before I get paid, meaning I incur a further charge for this month.