MSE News: Bank charges result at 9.45am Wednesday

jamespir

NPowerUser wrote: »

100% agree.

Why should I be charged for using an ATM to help pay for someone living beyond their means. Best news so far this year!

it not neccersarily living beyond there means i always keep with in my means but we all have to pay tv licence gas and electric and these all demand to be paid by direct debit so you set up the date you get your money say the 15th yet they dont try to take it out on the 15th they take it out on the 13th or the 14th which gets failed and then you get charged




also how do you know that banks arent gonna stick charges on there ATM now

jamespir

atlastcommonsense wrote: »

agreed - the voice of the majority

a majority of five well done :beer:

loulou_1984

I'm very disappointed with this decision. I wish I'd put in my claim when this first all started happening!

jamespir

atlastcommonsense wrote: »

Yup, I go back to basics.

£100 in bank account
Spend £100 OK
Spend £101 .. NOT OK .. YOU WILL BE CHARGED AS PER AGREEMENT

Whats difficult to understand, are you sure you have a real degree ? - those ones you buy off the internet for £20 do not count

i never go over my amount but i have fallen foul of dd charges becasue the day they take out my dd isnt the date i agreed with them



its not difficult to understand but youve got it wrong i get paid on the 12th i have set up my dd to go out on that date thats when i expect my dds to go out not three or two days before

jamespir

atlastcommonsense wrote: »

Thats CRAP ... The direct debit guarentee clearly states they can not take it early if a weekend is on the due date - They have to take it the next working day

its not crap you ask any company theyll take it the day before

louiser123

atlastcommonsense wrote: »

I must agree, simple maths come into play if you have £100 in your account then you should not spend £101.
If you do spend £101 and you signed an agreement saying an 'UNAUTHORISED' overdraft will cost you £35 then you have to pay the £35

People make mistakes and I have forgotten to pay my credit card once and got a £12 charge, as it was the first time I called them up and they refunded and I think most banks would do the same.

If the banks would have lost then it would have meant the end of free banking, free cash withdrawls and the like which means the majority of us would have suffered for the few who can not deal with money.

As for Martin Lewis, his smug grin annoys me at the best of times - It has been wiped off for now but hes made a fortune out of this and coming accross as the 'consumer king' when in reality hes a jumped up t###er who took on the big boys and got a beating.:money:

The banks are a business, in it to make money - If you don't like it then (1) dont go overdrawn, learn to count (2) goto another bank if you dont like yours (3) get a kiddies account or passbook account that doesnt allow you to spend more than you have and once you have mastered the art of 'budgeting' then you may be trusted with a cashcard.

Thank god for common sense by the courts for once, and as for the comments the court was 'bribed' come on, try and get out more (without spending money obviously as you dont want that overdraft to increase).

A good day for the MAJORITY of people out there who are FED UP of supporting idiots and others who get themselves in the s##t and want bailing out :T:T:T:T:T

sorry i had to laugh at your last little bit!!! i am fed up with supporting idiots who get themselves in the s***t and want bailing out!!! only difference is the morons i am fed up with is the banks who correct me if im wrong wanted bailing out!!! but i guess you feel its ok for them ? huh

a11waysindebt

jamespir wrote: »

its not crap you ask any company theyll take it the day before

Put a better way than I was thinking.

beer_tins

Snakeeyes21 wrote: »

who would have thought that the terms people signed upto would be proven to be legal.

They have not. And they are not legal. The ruling says that banks can charge for unauthorised overdrafts. But the law says that they cannot be punitive. So putting a punitive charge in the T&Cs is not enforceable because it is not legal.

If I put a clause in a contract that says I will torch someone's house if they don't pay by a certain date, that doesn't mean I can do it. It is still illegal. This is exactly the same thing.

There is still a case for forcing banks to introduce FAIR charges and to repay any charges in excess of what can be considered fair - and not punitive.

garthdp

Thats xmas b******ed for those hoping for the banks to subsidise it with some festive refunds.

I genuinely feel sorry for people struggling with debt, I've been there myself and learned the hard way to live within my means .Banks are businesses and will charge what they think they can get away with and it looks so far that they are getting away with it, time will tell if this comes back round in favour of ordinary people, but the cause is not helped by the reckless and careless who make up a significant amount of the people trying to claim back charges.

I for one do not want to see someone who cannot control their spending being subsidised for their own profligacy.However thoise who are sucked deeper into debt by being charged for being charged etc on a piffling debt or missing one payment i do have some sympathy for.

If there is a lesson to be learned, I suppose it is get your house in order, contact your bank if things are a bit tight and try and work out on overdraft arrangement.I just wonder if the banks will listen

jamespir

heres the direct debit guarentee mr atlastcommensence

The direct debit guarantee applies to all banks and building societies taking part in the direct debit scheme. It says that:


If there is a change in the amount to be paid or the payment date, the person receiving the payment (the originator) must notify the customer in advance.

If the originator or the bank/building society makes an error, the customer is guaranteed a full and immediate refund of the amount paid.

Customers can cancel a direct debit at any time by writing to their bank or building society.
it doesent sat any where if the date falls on a weekend we take it the day after