MSE News: Bank charges: banks win test case appeal

robpw2

philatio wrote: »

Point proved again.
People just don't get it.

The bank doesn't pay the DD because you HAVEN'T GOT THE MONEY.
It's not the banks fault that YOU are spending money (via a DD) that you DO NOT HAVE.

but my dd might be for council tax say and im getting my usual money every two weeks then fr some reason the dwp dont pay because they made a mistake ... happened to me twice
i still get charged 35 quid so now i need to pay council tax and 35 when i get my money sorted and phone calls to dwp to get it sorted on 0845 number

thus what started out with their failure to pay me means im £35 down on my budget
not everyone who has failed dd is spending money they havent got some of us budget and try to stay within our means

AndiB68

It is really easy to sit in your "we are perfect" ivory towers and pontificate to lesser mortals about spending too much. But at the end of the day we are human and humans make mistakes. It is not about stealing the banks money or thinking that we can go overdrawn without any penalties. It is about the amount of the penalty for going overdrawn. How can anyone think that £35 for a single less than 30 second computer transaction is fair. The banks have had too much control over our hard earned money. I would still like to know where the money goes when it disappears for 24 hours between transactions.

MORPH3US

I may have overlooked something here, but these charges are not for using your overdraft, but going OVER YOUR OVERDRAFT right?

So if your overdraft is £200 then you aren't going into debit by 1p, your going into debit by £200.01 right?

If thats the case then how can so many people get charged for "one small mistake"

Over the past years I have had banks falling over themselves to give me £1000 overdrafts, some even interest free for a year.....

Everyone moaned about that because the banks were helping us to get into debt....?!?!

Apologies if I am now gloating or trolling just for having an opinion which doesn't agree that all banks are scum and all bankers should be hung.

mrfreemoney

Oh come on, this was ALWAYS going to be the case, especially now that the government have their dirty fingers in the pie. If we were not in this (or out of) recession and the banks were loaded, we may have stood a chance. But no, for the greater good of keeping a financial stability they won't do it.

Harry_Powell

Felicity101 wrote: »

Yes, I understand that but sometimes things happen that are outside your control. For instance, when the company you work for screws up and doesn't pay your salary on time - then what? Your direct debits and standing orders still have to be paid, so does the rent and every day you get hit with a huge 30 quid bank charge. It just makes things ten times worse. I don't mind paying reasonable charges (even though it was my company's fault, not mine) but the ones I've been paying are just excessive.

I wish I could be as smug as you but I'm not perfect and I feel for other people. You obviously don't.

This is what I've been trying to say all through this thread - don't use direct debits for all your bills. If you use direct debits to pay for your gas (for instance) and your pay cheque is late then you will default on the payment and incur a charge. Alternatively if you don't use direct debits and the gas bill comes in you simply phone the Gas company and tell them that your payment will be delayed and why. No charges and no worries!

The worst that can happen if you can't pay your gas bill is that they put you on a pre-payment meter. If you pay by direct debit, you not only don't pay the gas bill but you also get fined by the bank.

The issue here is to stop using direct debits!!!

Godiva500

Here here KellyB - well said.

cappy1501

KellyB wrote: »

I'm absolutely appalled.

Human nature at its worst.

The behaviour of some people on here is disgusting.
Gloating and goading, trolling and general nastiness isn't pleasant. These are real people here. Most of which, through no fault of their own (yes, really), have been disadvantaged because of the high penalty fees.
No one is saying that fees shouldn't be charged. People are saying they should be fair.

To the smug people: remember - what goes around, comes around. You or someone you love could very well be in a similar situation to hundreds of thousands (if not millions) of people, one day. How would you feel about the unthoughtful comments made?
Too many people forget that there are real people behind the screenname. Real people, real circumstances. They come here for help, support, understanding. Not abuse, smugness and an holier-than-thou attitude.

That is all.

Well said.....it's sad that some people are just here to offer no advise or compassion!!!!

I still think this ruling is only about ulterior motives - if the economy wasn't i such a dire state we would all get paid what banks owe us! Yes, owe us because if the charges were small and truly reflected the cost of anyone going overdrawn, I don't think this discussion would exist.

I think this is the issue that some people are completely ignoring - majority of the people have common sense and know that if they make a mistake of going overdrawn they will get fined! But the fact is that it is incredibly ridiculous to be charged £35 every day until the balance is paid off!

Having a proportionate charge for these situations is all that we're after!!!! And why the ruling judge didn't get this and ruled for the banks is unbelievable........

custardy

seriously,can we not stick to the default font,size & colour?

Pendle_Gazza

Presently I'm fortunate enough to avoid bank charges, but I appreciate that mine and anyone's circumstances could change suddenly at any time to make this much more difficult.

Yet in principle the ruling is correct, as everyone has signed up and accepted the terms, so for people to be instantly relieved of all charges incurred would have been wrong imho.

However, the charges have always been blatantly extortionate, and I think it would have shown a bit of willing and common sense had the ruling allowed all debts to be, say, at least halved.

So best of luck to all affected, especially considering the amount of time this has been hanging over you, and perhaps pop into your local branch to see if some common sense (a big ask, I know) agreement can be reached.

Big_Daft_Lad

MORPH3US wrote: »

I may have overlooked something here, but these charges are not for using your overdraft, but going OVER YOUR OVERDRAFT right?

So if your overdraft is £200 then you aren't going into debit by 1p, your going into debit by £200.01 right?

If thats the case then how can so many people get charged for "one small mistake"

Over the past years I have had banks falling over themselves to give me £1000 overdrafts, some even interest free for a year.....

Everyone moaned about that because the banks were helping us to get into debt....?!?!

Apologies if I am now gloating or trolling just for having an opinion which doesn't agree that all banks are scum and all bankers should be hung.

Morpheus - if you don't wind your neck in I will quote your comments on other websites. That'll teach you! :rotfl: