MSE News: Bank charges: banks win test case appeal

j19

Felicity101 wrote: »

Not funny - I'm reporting your post.

Not funny - I'm reporting your post.

Percy1983

I have a different thought on this. If the people 'won' this case the banks would hit us all with charges elsewhere to recover the money.

I have never paid any charges, so would nothing to claim back yet I would have been hit with all sorts of charges to cover the money the financially inept have claimed back.

Yes I do agree charges are more than they should be, if you don't like that then don't put yourself in a situation where they can charge you.

Basically we would never have won.

JJM07

Does this result still include people in financial hardship??

sir.chunk

PROLIANT wrote: »

The way forward is to manage our money better and do not accrue fines for being a clutz with money.

If we all did that then everyone would be screwed anyway. Where would the banks get their extra money from?

The_Hallowed_Way

Miguel1979 wrote: »

Clearly your purpose in life is to be an a*se and you have come on here just to try and cause trouble and get an argument going. So I'm not going to dignify it by responding any further.

OK, so far so good...

Miguel1979 wrote: »

In the meantime, maybe you should get a life rather than coming on chat rooms, intended to offer help and advice, just to behave like an idiot. Maybe you need to get yourself some friends to talk to...

...oh no, you went and blew it. You have now dignified his post by responding further. What a mistake.

lewis07

yes the fact your relating bank charges to the extaortion of a sex act just about sums it up...your comments take advantage of those less priveledged and more vulnerable than yourself

GOOD POINT PROLIANT

mardatha

Human nature being what it is - ie there's always a smartass who gloats at others - plays right into the hands of the banks. If people could just for ONCE get together, join forces and vote with their feet against the worst offendeing banks, then the banks would be forced to think again.
You can't have a bank without customers !!!

stevegoodman

Harry_Powell wrote: »

Millions of people manage their accounts much better than I do. I am still 'banging on' about budgetting, you obviously don't understand that there is more to budgeting than simply having enough money to cover your bills.

You also need to make sure that you reduce the possibility for going overdrawn, by making sure that only essentials are paid for via direct debit, to use cash when shopping so that you don't forget that you have £x still to come out of your account for something you bought last week.

There are plenty of ways to stay within a budget, you just need to have the will to do it. You all seem to crack on that only the rich can balance their budget. This is not true, anyone can provided they follow the following:

1. Only use direct debits for utilities and other essentials.
2. Go PAYG on non essentials
3. Keep an amount of money to one side for emergencies.
4. Before buying luxury goods, think then think again if you really need it.
5. Use all the comparison websites for large purchases.
6. Use cash as much as possible so that you're not tempted to overspend. That 'must have' item is not so easy to buy when you have the actual wad of cash in your hand to pay for it!
7. Ensure you have adequate insurance for life's events.
8. Don't enter into any credit agreements or contracts (such as SKY or mobile phone), if you lose your job you stil have a commitment to these contracts/agreements.

Don't blame the banks for your own bad financial management.

Good advice, for the many overspenders like myself who've basically got themselves into the situation where claiming back charges will help with the mess! I built up some charges and once I finally stopped thinking I'd get them back and started thinking like Harry things started to turn around.

1. 4, 5 and 6 have been the most useful to me.

black_taxi_2

how did banks come up with amount for o/d fees?

seems like an open goal for them v customer

_Andy_

mardatha wrote: »

Human nature being what it is - ie there's always a smartass who gloats at others - plays right into the hands of the banks. If people could just for ONCE get together, join forces and vote with their feet against the worst offendeing banks, then the banks would be forced to think again.
You can't have a bank without customers !!!

OK so in that scenario, everyone ups sticks to, let's say 2 of the 'best' banks.
The others close down as they haven't got any customers.
The remaining 2 banks charge what they want due to lack of competition, thus meaning the customers are worse off than when they started.