MSE News: Bank charges: banks win test case appeal

gpaul49

The_Hallowed_Way wrote: »

Do you have an iota of proof for any of this? Or has your tin-foil hat caused your brain to overheat again?

all Labour are liars they hold you in contempt lok at how Jack straw got caught on imigration
also the War !!!!!!!!!!! Blair have you meet any maggot Mps ?
they are out of touch my one didn't have a clue what feral youths are

£64,0000 a year and the rest too much i will do it for 20,000 less
they coudnt do a real job

listen how patronising they are blair for eu president ?

vote for any one but them

this site should should have been given millions by a peoples goverment to help other's

what is hard working families

means toe the line all else

id cards yes please collate stamp identify everyone ( they are state )
play by the rules= know your fxxxxking place in society

DMC65

monks28 wrote: »

If you dont have it - dont spend it! Unauthorised ovedraft is just that "UNAUTHORISED", if you get fined tough you should have got an overdraft arranged through the normal ways. If this action had won everybody including the majority of us who either dont use overdrafts or have a limit in place to stop us being charged would get penalised as banks would raise there charges across the board the recover the losses from paying out.

I know this wont be popular but its just the way it is.

A lot of people on here are very ignorant of exactly what is going on.

Refusing a DD is not an unauthorised overdraught, nor is it a service. It is a refusal of a service, and for that they charge ridiculous amounts of money.

The other point is, and listen to this very carefully all you holier than thou people.

THERE IS NO SUCH THING AS FREE BANKING, IT IS SUBSIDISED FOR YOU BY THE VERY GROUP OF PEOPLE THAT CAN LEAST AFFORD IT.

BR54

I also think it would be a good idea if the squabbling stopped and we can concentrate on posts that are relevant, and help each other out. If you don't agree with some of the posters , don't reply to them, don't feed them.
We all need each others help now, not bitterness towards each other.

pingchris

u are angry,and rightly so,we have all been conned

PROLIANT

Hi de hi campers!
So, ranting aside - what you gonna claim for now that the Banks have had their well deserved victory in court?

Bus fairs? :think:
Water rates?
Gas/Electricity?
Take Tesco to court for unfair grocery pricing?

Ideas anyone?

lewis07

Why am i getting a feeling a lot of the ignorant responses being sent on here are coming from bank employees with a spare ten minutes on there hands!!!

inflated charges = good old fashioned inflated bonusses right!?..

spend2save

Well at least Martin Lewis is pimping some Champagne over on the right - he's certainly done alright this past few years constructing a nice shiny bandwagon.

danm

If people could put their personal perspective and potetential gain to one side and consider the issues here, then this is the right outcome.

This is a case of contract not fairness.

Each an every person who was charged signed an agreement to that effect. There was a choice upfront. Do i want to sign this contract or not. There was a choice of accounts to choose from. The fees should have and could have been a factor when choosing the account. The consumer had a choice.

Are they fair? I think they're probably excessive.

Do i think that scrapping punative fees in exchange for charging everyone for a current account is fair - definately not. In fact that is the least appropriate outcome (and with £2.6bn in lost revenue, this would have been a very likely outcome)

Every once in a while we hear the (correct) claim that uninsured drivers cost the rest of us more in premium. Same externality applies here. Why should someone who manages their account fine, pay a fee because others can't and charges are scrapped.

WASHER

headcoat wrote: »

What are the options though. All banks charge the same (ish) because they can get away with it. What is to stop them all now charging £135?

Not all banks charge the same (ish). The only way to avoid this to to plan for tomorrow and look at the bank account today, (I have been through some pretty bad financial times, so I'm not being smug) but we all need to take responsibility for own spending and actions.

Easy said than done in some cases, but not impossible.

gpaul49

PACGU wrote: »

Can you imagine the smug look on the faces of all involved in the banking industry today? You can pick them out in a crowd Im sure, from Bonus Buddies right down to the misguided tellers who are in reality nothing more than unwitting pawns.
-All that is left to do now is to abandon the current system altogether -everyone join or form a credit union style facility (Martin?) and leave the old establishment to their own devices.
-I have already withdrawn from 'standard' models in many aspects of my life and feel more in control and 'safer' in many ways. It is a very liberating feeling indeed and one I recommend to you all.
Do yourselves a favour and seriously consider it.

Can martin do a publicity push for credit unions
this must be the way forward