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MSE News: Bank charges: banks win test case appeal

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  • custardy wrote: »
    however many companys issue a penalty for not paying via DD
    so its a rock and a hard place for those on tight budgets
    using your example virginmedia charge £5 a month
    if you sent your payment late to VM its another £10
    so £15 a month

    I know, and that's what Martin Lewis should spend his time campaining for (actually, to be fair, I think he does :))

    Well, at least for essentials such as gas, electricity, etc. To be fair though, Virgin Media cannot be classed as an essential so you could vote with your feet (and tell virgin media why you're leaving).
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • qprfcmark wrote: »
    CORRUPTION OF THE HIGHEST ORDER!


    What a corrupt lot our banks and judicial system are. The average person in the street screwed again for the sake of banks and the system. The judge even said the case cannot be referred to the European Court of Human Rights! Why not? Probably because they know they would vote in favor of the consumer.

    Probably because no-one ever thought of the ECHR. There was some discussion about the European Court of Justice (ECJ) but that is an utterly separate organisation.

    If you're going to scream and stamp, get your facts right!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • 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!!!

    many companies now charge you for not paying by dd.... I have to pay £4 extra a month for my phone and something like £2 extra a month for my internet (both of which i need for work btw) also on most utility bills you pay less if you pay by dd.... if they stop charging me for not paying by DD then i would pay each bill myself every month... but they wont so i cant!
  • You don't realise, do you?

    If you are a normal person who goes over the limit and has a bank who gifts the payee money against the terms of your contract, then you are fair game for excessive charges - the ruling today said fairness should not come into it.

    However, if you are a reckless bank making reckless loans and need the odd £61,000,000,000 then 'no worries', no need to even consult parliament, just get it from the taxpayers for the next infinite amount of years. Why there hasn't yet been blood on the streets over the bankers and goverment cohorts I will never know.
  • Yes. High court ruled in our favour. Then Court of appeal did the same and said they can't take it any further. But they do anyway and take it to so-called supreme court who overturns everything!!?!! To me it all smacks of back-handers and masons. Absolute disgrace and outrage. Thats the last time my money will be bailing them out the !!!!!!!!! ARGGGGGHHHHHHHHHHHH!!!!!!!!!
  • Why don't we organise a march on London? I am sure there are a million people affected by this farcical judgement. Lets show the law lords what "Humbug" their law is. Are you up for it? Lets show them People Power on the move!!
    :money:
  • sweato wrote: »
    It is strange that on the day this news comes through i get new terms and conditions for my bank lowering all there chages . Lets keep our fingers cross for the future

    Yea me too was it Nat west
  • I wonder how many of those appeal judges sit on on Governors' Boards of major banks? If not they themselves, then I'd hazard a guess that close friends and family of theirs are VERY MUCH involved in the upper echelons of banking society...

    None, and none. They'd have declared it as an interest.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Morglin
    Morglin Posts: 15,922 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bank charges are high (and I've paid out enough to know lol), but the fact is that if you spend THEIR money without getting permission, the charges are, and should be, punitive.

    Charges made me get my bank account under control - I didn't want to keep payng them.

    What would have been unfair is if we ALL had to pay for others to get all the charges back - there is also the issue that some o this would have come from taxpayers, as we own some of the banks.

    Fairness (what we have now got again), is those that go against bank rules paying out - not the rest of us!

    Lin :)
    You can tell a lot about a woman by her hands..........for instance, if they are placed around your throat, she's probably slightly upset. ;)
  • Easy to say but hard to do. You obviously don't live in the real world.

    Don't be silly; of course I live in the real world; one where for years I was regularly overdrawn and paid bank charges.

    I wasn't very happy about those charges but they were my own fault and I wouldn't dream of trying to reclaim them.

    When however I have been charged in error, as I was once when my salary was late and once when my electricity company tried to claim £3400, I contacted my bank and they cancelled the charges.
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