banks!

boltonangel

A little bit off topic, but just thought I'd share with you what happened to my dh today.

Since I went BR in June we have moved the banking over to Natwest in an account in my Husbands sole name.
After an expensive month last month (car repairs) we were went overdrawn with Natwest on 2 occasions (both for less than £10 and the acc was put back into credit within 24hrs each time) and found out that he will be getting charged £60 for EACH time he went o/d due to direct debits being taken.

After asking for these charges to be reversed as the acc had been in good standing until recently he was told no they would remain in place.

Against our better judgement and new credit free life he applied for an overdraft just in case this happens again so he doesn't get charged so much.
When he went in to see the advisor my dh asked for £50 overdraft just as a buffer. When he came out he told me that he had in fact been offered a £1,000 o/d and a credit card. He obviously didn't take these but it just goes to show how the banks still haven't learnt their lessons regarding easy credit etc.

damoandclaire

boltonangel wrote: »

A little bit off topic, but just thought I'd share with you what happened to my dh today.

Since I went BR in June we have moved the banking over to Natwest in an account in my Husbands sole name.
After an expensive month last month (car repairs) we were went overdrawn with Natwest on 2 occasions (both for less than £10 and the acc was put back into credit within 24hrs each time) and found out that he will be getting charged £60 for EACH time he went o/d due to direct debits being taken.

After asking for these charges to be reversed as the acc had been in good standing until recently he was told no they would remain in place.

Against our better judgement and new credit free life he applied for an overdraft just in case this happens again so he doesn't get charged so much.
When he went in to see the advisor my dh asked for £50 overdraft just as a buffer. When he came out he told me that he had in fact been offered a £1,000 o/d and a credit card. He obviously didn't take these but it just goes to show how the banks still haven't learnt their lessons regarding easy credit etc.

a few years ago before I went brankrupt, i went through the process of changing banks over to the natwest from the woolwich.

i wanted to take everything ove rto them, bank account, loan, overdraft etc etc. i opened the account but when it came to applying for a all in one loan with natwest to clear everything, they said no. i thought, fair enough. left it 6 months. I applied again only to be told no again, but this time with an unexpected twist.

I was turned down for a 8k to 9k loan only to be offered a 15k overdraft! Plus a credit card with 2k limit.

I was gobsmacked and asked them why they couldn't give me a loan if they were prepared to give me that - they couldn't give me an explanation.

this was sometime ago and doesn't reflect things today, however, it goes to show how this country has got into the mess it has done, specially in the financial sector and specially with banks doing things like that.

FinancesOfAFiveYearOld

When I was knee-high to an elephant (in the nineteen sixties and seventies) my parents always used to remark that you needed to be able to prove to a bank that you didn't need the money before they would give you a loan or a mortgage. Buying a car on credit was on a par with being all fur coat and no knickers.

An aged and widowed relative of mine unintentionally reminded me of this "old-fashioned" frame of mind a while ago at a family occasion. Sitting and sipping sherry the universe chose one of those quiet moments for her to announce, quite loudly: 'Oh I see! You borrow the money to buy the house and then repay to the building society. What's the advantage?'

Holes_in_my_pocket

My brother and wife both have learning differculties and both live on benefits . ABBEY called them in to discuss account both worried they went, and came out with £1000 overdraft and 2 credit cards now dont understand what is happening as now getting overdraft charges and interest charges luckily they have now asked about it so can i can now help them and stop what the bank has done. They have never owed a penny in there life..

TOTALLY WRONG WHAT THE BANK HAS DONE