MSE News: Bank charges: banks win test case appeal

Namechanger

Can we still continue to claim under hardship as this is not a final ruling on the case?

Morglin

mach wrote: »

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!!!!!!!!!

How come nobody thought the first court's verdicts were bent and a result of Freemasons?

Lin

Mark_Rutter

that with the result of one of the most important decisions in recent times this forum has descended into name calling and pettiness.

Personally it came as no surprise to me that the banks won the final appeal. As soon as the Government took a controlling stake in our major banks this case was only ever going to go one way.

I like may others on this forum have been deeply affected by debt problems. You will always get one or two people that will say that it is our own fault for over spending but it is not about spending too much, this is about financial institutions blatantly trying it on.

I personally do not mind being charged if I have gone over an overdraft or bounced a cheque etc, that is fine but it is the amount of money being charged and the amount of times the bank can charge that is totally wrong.

I have been charged over £300 for being £10 overdrawn on an account that I never asked for an overdraft on. If you or I tried to do anything like this we would be arrested for racketeering.

The big question really shoud be, what can we actually do about this? Instead of doing the usual British thing of moaning and not actually doing anything perhaps we should think of sensible ways of making an impact.

Protests are a fine but we need to think outside of the box. What is it the banks rely on, how can we affect them? Is it possible for us to seriously undermime them?

DonnyRover

Isn't any ruling regarding RBS a massive conflict of interest?? In't the Supreme Court a government arm and they own 70% of RBS?!?!?

Doubt if any of the gfawwwing judges have an overdraught.

Harry_Powell

ailsajayne29 wrote: »

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!

They don't charge you extra for not using DD, they offer a discount for using DD because they want to have access to your bank account to ensure they get their money and to make it convenient (cheaper) for them to take money via a direct bank transfer rather than have to employ people to open letters and deal with cheques. I'd rather pay someone to open my cheque than risk going overdraw due to excessive bank charges.

If enough people shopped around and went with suppliers who didn't penalise people for not using direct debits, then the rest would fall into line.

jamespir

i think those who are smug and think its great should be charged a lot more than those who struggle ie if you pay in more than 5000 pounds a month you should be charged for it for using the bank

DonnyRover

mojoparrot wrote: »

Yea me too was it Nat west

My new charges came through today from RBS - douches!

technodup

A victory for comon sense, prudence and personal responsibility. :j
It's abut time some of the whingers above take their heads out the self-inflicted sand and ask themselves why I and many others who don't incurr charges should, in the long run, pay for those who cannot manage their finances.

I sincerely hope claimants never see another penny.

Glpark01

well im a bit gutted, halifax charged us over £4000 in 6 years. We never had a set charge they just seemed to charge us anything from £12 - £125 a time and just took the money from my oh's wages and told us afterwards. We manage our money fine and since moving to the coop over 2 years ago we've never had one single charge and have been on top of all our bills.

funkymonkey

come on everyone ......... keep smiling!

Just remember all the great lessons this has taught us. NEVER EVER trust financial institutions, NEVER EVER have loyalty with a financial institution. ALWAYS look for a better deal.

These are all things i never used to think about but thanks to everyone on here - i always do!

As i said in a previous post at the beginning of this thread - My mum saw martin on TV last year and put in a claim for her charges. Now they were only for £500 which is far less than some people i know, however whilst on this site she read other articles and save £150 on her car insurance by switching, £100 on her home insurance by switching, £200 on her electricity by switching and loads more by switching credit cards, bank accounts etc.

She may not get her £500 back which is really crappy

HOWEVER - through this site she has managed to save over £1,000 through being a savvy consumer. There is a silver lining for her.

Keep fighting the system, but dont be upset - just think how far we have come