MSE News: Bank charges: banks win test case appeal

hsbondgirl007

glider3560 wrote: »

What I think is disgusting, is that people think they can steal the bank's money without their permission. As an analogy, I would compare going into an unauthorised overdraft as walking into a shop, removing something from the shelf and walking out without paying. You wouldn't get away with "I don't have much money" in the shop, so why should the bank be the same? Most people on these boards are on low incomes but learn to live within their means and not steal the bank's money.

People seem to have got into their heads that it is alright to steal the bank's money without any consequences. It is not and should certainly be made illegal.

If you didn't agree with the charges, then why did you open the bank account?

Before someone says that the banks have stolen taxpayers money, they haven't. In case anyone doesn't realise, the government didn't just hand over money to the banks, but instead bought shares in the banks. This means that when the banks become more profitable again, the government will receive income in the form of dividends from the bank.

Today's decision is an excellent one and I hope that the "free banking" model will continue.

Its very sad that you cannot show compassion for people who are worse off than you

ouija

It's a shame this thread is a debate about whether the judgement was right or wrong, and not a thread for those still in difficulty to help each other out. Ah well, please... continue looking down your noses at those in hardship.

Harry_Powell

Eggyplop wrote: »

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.

I never said anything about people selling their houses and moving to worse areas. If you're going to quote me, then at least keep your point relevent to what I actually said. :rolleyes:

I'm sorry but it's just too easy to say "I'm poor, so I need credit to survive". Rubbish, I'm poor and don't use credit because I know it'll have to be paid back (and more besides) and I know I can't afford it.

MillaJoJo

Martin posted an update http://forums.moneysavingexpert.com/showthread.html?t=2104739

MrDT

blind-as-a-bat wrote: »

Bank transactions have been 'live' for years, they just dont want you to realise that, and that fact means it is possible to stop you going overdrawn via debit card.

With a live system you take the money from the available ballence at the same time as the purchase is finalised, so no not exactly the same as a ballence check, but the transaction is instantly availabe to your bank to reduce your available ballence

Sorry, but this is quite simply wrong.

Former_MSE_Dan

Hey folks,

Following developments in this as the day has gone on, we have published the following news stories:

Bank charges: the phoenix from the flames

Full bank charges Q&A: how it affects you

Please discuss them at this new thread: http://forums.moneysavingexpert.com/showthread.html?p=27234313#post27234313

colprimus

simonp wrote: »

I'm obviously in the minority here but I'm glad of this decision.

No-one will win - if the banks lost they would just end free banking and we'd ALL have to pay for it.

As someone who hasn't paid a bank charge since being at uni in the 90's, I'm more than happy with my bank

If you go overdrawn without permission, you pay the fine! Simple!

Sorry - don't shout at me! I'm a big Martin Lewis fan but have always been against this campaign.

The banks will end free banking soon anyway...because they are so greedy and need to get back to where they were a couple of years ago. Watch and see.

knighter

ouija wrote: »

It's a shame this thread is a debate about whether the judgement was right or wrong, and not a thread for those still in difficulty to help each other out. Ah well, please... continue looking down your noses at those in hardship.

What do you expect people to do?

How about pay for a service they currently get for free?

The_Hallowed_Way

hsbondgirl007 wrote: »

Its very sad that you cannot show compassion for people who are worse off than you

Those people who pressed their claims in the full knowledge that it might lead to an end to free banking for the rest of us scarcely showed any consideration for us, did they?

Stephenbw

Garybono wrote: »

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

But those people had money to withdraw.

I thought that all those with who had been charged these unfair fees were so 'poor' they had no money in the bank.