MSE News: Bank charges: banks win test case appeal

Garybono

_Andy_ wrote: »

Wow what a sensible idea. Hundreds of thousands of people with thousands of pounds of cash sitting in their houses (that wouldn't be insured). Yeah, really sensible.

I thought so thanks Andy I'm glad you agree, it worked with Northern Rock

Helen64

No surprise at all
Corrupt lying ********:mad:
Hope it all collapses round their greedy lying ears

:mad::mad::mad::mad:

Eggyplop

Harry_Powell wrote: »

I think the whole point is that if you budget properly, live within your means and save up, you're less likely to suffer badly from a financial bump in the road.

I also refuse to believe that going overdrawn a couple of times due to an overcharge of a mobile phone or other financial mistake could result in the payment of thousands of pounds worth of fines. No, the sort of money that some of these people were hoping to claim back points to a lifetime of financial mismanagement and not just a couple of mistakes.

You can refuse to belive it all you like, but that is what is happening! Maybe not in the 1000's in my case but deffinatly more than is needed.
The thing that is annoying is that i full admit my mistakes and i would gladly pay the actuall cost of me going overdrawn to the banks but i dont agree with paying £35 that.
I understand eveyone has there own opinion but do people actually think telling someone who is strugling everyday to "sell your house, move to a worse area!" is a fair and decent thing to do?
Obviously people making this coments have never been in financial difficulty and i would love it for them to feel how i and many, many others feel on a day to day basis.

Stephenbw

Garybono wrote: »

If everyone is so upset about this then they should start a movement to get everybody they know to remove their cash from the bank on the same day and see how long it takes the bank to go broke. That would be funny but would need to be well organised.

But everyone isn't upset; the vast majority do not overdraw and are not affected by this judgement.

According to the man from Motley Fool on BBC News earlier the majority of those ringing local radio stations are in favour of this judgement, as I believe were most of the callers to Radio 4.

But on a purely practical note, surely those who are overdrawn don't have any money to withdraw.

knighter

I know about 1 million people are potentially affected by today's news, does anyone know how many people would have been affected if the result had gone the other way and the banks had started charging all customers for personal banking?

My guess is 30 million.

Charlie94

I do find it incredible that some people here are pleased the banks won and are then criticising people for their financial mismanagement.

I hope all the people that do this also wrote to the banks and berated them for their fiancial mismanagement. Its only fair!

ALIBOBSY

But Paul Lewis on BBC4 moneybox programme disagreed and said basically its not over yet.

Plus the above BBC quote states the action will be struck out "as currently constituted".

People can amend the POC and whose to bet the barrister who specilises in "banking" not "financial legislation" works for the banks.

ali x

Harry_Powell

Garybono wrote: »

If everyone is so upset about this then they should start a movement to get everybody they know to remove their cash from the bank on the same day and see how long it takes the bank to go broke. That would be funny but would need to be well organised.

Then the little man could well and truly screw overe the banks.

And to all those people going on about how generous it is for the banks to give us free service, i think you are missing the point, If we did not use the banks at all they would not be in business, they would have no money to spend.

I say F**k the banks, good and proper, and if the government bails them out again then maybe we should start a civil war and hang someone!!!

I doubt that people threatening to take their overdrafts and debts elsewhere would unduly worry the banks. They would take notice if people with a lot of savings moved, but then these people are not the ones who are going to have suffered from bank charges.

mramra

euronorris wrote: »

OK, there's been a fair few of these 'examples' given on here.

Firstly, you went in into the shop, chose the item, weighed up the cost of the item, paid happily and left. Fine. However, this is not comparable to banks making high charges for going over your agreed overdraft limit.

A more accurate comparison would be if you went into the shop, chose the item, decided it was too pricey and decided to leave. However, on the way out, you knock a shelf, items fall off and one of them is damaged. So, effectively, as a result of your actions that shop has now lost the revenue generated from that item.

The reasonable response would be to pay for the item. And this is what would happen in most cases. However, if they insisted you pay double, triple, quadruple the retail price....then this would be unfair. Agree? And who would pay that? Who would even expect you to??? No one.

What about if you signed a waiver on your way in to the shop stating that you would have to pay a charge of £35 if you broke anything while in the shop? Would it then be unfair for the shopkeeper to charge £35 when you broke something?

ouija

danm wrote: »

No - they make billions from those who pay fess which THEY agreed to pay whne they signed the account opening form.

This is preferable in my mind to them making the same billions from the majority of people who currently do not pay for bank accounts.

Oh what a shame... heaven forbit those who aren't screwed over by the bank and forced into financial difficulty have to pay for banking. £10 a month? £20? I'd pay that. Rather than than £200+ a month in charges.

The banks are sneaky. Those in credit never realise how truly slimy they really are. They are helpful and can't do enough for you. Once you're overdrawn, they will charge you... and charge you for those charges... whilst maintaining a nice public image for everyone else to see. I am sickened by the amount of people posting comments like this. This forum is supposed to be for consumers to band together and help each other, not to sneer at others for financial difficulties because it's "their own fault".