Bank Charges - Banks Win!

captainhaggis

never-in-doubt wrote: »

Mine was similar but instead of champagne and corks, it involved grenades and arsenic :D:D

:beer::j:beer:

I hate the banks..........

chambta

never-in-doubt wrote: »

Mine was similar but instead of champagne and corks, it involved grenades and arsenic :D:D

I wasn't overly bothered which way the case went. At least banks have (in the main) reduced charges in anticipation of losing the case.

nellyboy

ooopps, stand by for round two!!!

from the CAG forum:

NEW ROUTE FOR CHARGES CLAIMS



After further consideration of today's judgement, we consider that the door is now open for claims to be made under sections 5 and 8 of the UTCCR 1999.

We believe that the Charges term within your bank contract will not be binding under Regulation 8 as Regulation 5 points to terms being unfair if they are not individually negotiated if the cause a significant imbalance in the rights and obligations of the parties to the detriment of the consumer. Once it is established that the term violates Regulation 5, then Regulation 8 negates that term and so the banks will be liable to return all charges.

Over the next couple of days new templates will be drawn up, but the most important thing is that claims are not allowed to be closed. If your bank notifies you that your claim has been closed please let us know.

Further details will be posted as things develop, including details of what to do next if your claim is already in the system.

oscar52

I have just read this thread from start to finish and cant believe some of the rubbish on here. Im not going to bother going back and quoting passages, so will just list my points (as I remember them)

1) to the "holier than thou" brigade - Most people didnt get into difficulties to to ineptitude, but through misfortune. Would you laugh at someone that fell of a ladder and broke their leg (and state "well I wouldnt have gone up it in the first place) or get them help?

2) most people start working life wit no debt? - I can think of MILLIONS (and introduce you to severl hundred) graduates who would disagree with you. And if you have never been to uni, dont even go into "why not get a job as well"

3) "I was clever and got insurance" - most insurance isnt woth the paper its written on FACT, and this comes from me working for the largest credit card provider in the country FACT

4) "get a loan or overdraft" - this isnt really worthy of a response - you clearly dont understand anything - thats what got a lot of people in trouble in the first place!

5) "I can live of £500 a month" - including rent / mortgage, fuel bills, food, travel to work etc etc - codswalllop

6) if the supreme (not really a deserving title) court can overrule the FSA, FOS, OFT and every other regulatory body, whats the point in having these bodies in the first place?

And lastly, and again a point to the holier than thou who "manage" their finances properly (and this is not a dig), perhaps you would like to comment on the other news today of how the Cheif Execs, CEO's (whatever title they use) previously went cap in hand to a bloke called Mervyn for several BILLION pounds, what for ut "beacuse they didnt manage their accounts (or rather other peoples) properly.

(and I am fully aware of all spelling mistakes in here, but its what comes of typing quickly)

never-in-doubt

nellyboy wrote: »

ooopps, stand by for round two!!!

from the CAG forum:

NEW ROUTE FOR CHARGES CLAIMS

Yup, knew it wouldn't take them long to sort this joke out :D

I'd say it was quite fast at just over 12 hours lol :rotfl::rotfl:

never-in-doubt

oscar52 wrote: »

I have just read this thread from start to finish and cant believe some of the rubbish on here. Im not going to bother going back and quoting passages, so will just list my points (as I remember them)

Wow.......

I am impressed Oscar - nicely put. I think you got most of it in :D:D

* Niddy Boy walks away scratching head wondering if Oscar had a bad day

stclair

never-in-doubt wrote: »

Yup, knew it wouldn't take them long to sort this joke out :D

I'd say it was quite fast at just over 12 hours lol :rotfl::rotfl:

Theres never gonna be any dust on them is there :rotfl:

chambta

oscar52 wrote: »

I have just read this thread from start to finish and cant believe some of the rubbish on here. Im not going to bother going back and quoting passages, so will just list my points (as I remember them)

1) to the "holier than thou" brigade - Most people didnt get into difficulties to to ineptitude, but through misfortune. Would you laugh at someone that fell of a ladder and broke their leg (and state "well I wouldnt have gone up it in the first place) or get them help?

2) most people start working life wit no debt? - I can think of MILLIONS (and introduce you to severl hundred) graduates who would disagree with you. And if you have never been to uni, dont even go into "why not get a job as well"

3) "I was clever and got insurance" - most insurance isnt woth the paper its written on FACT, and this comes from me working for the largest credit card provider in the country FACT

4) "get a loan or overdraft" - this isnt really worthy of a response - you clearly dont understand anything - thats what got a lot of people in trouble in the first place!

5) "I can live of £500 a month" - including rent / mortgage, fuel bills, food, travel to work etc etc - codswalllop

6) if the supreme (not really a deserving title) court can overrule the FSA, FOS, OFT and every other regulatory body, whats the point in having these bodies in the first place?

And lastly, and again a point to the holier than thou who "manage" their finances properly (and this is not a dig), perhaps you would like to comment on the other news today of how the Cheif Execs, CEO's (whatever title they use) previously went cap in hand to a bloke called Mervyn for several BILLION pounds, what for ut "beacuse they didnt manage their accounts (or rather other peoples) properly.

(and I am fully aware of all spelling mistakes in here, but its what comes of typing quickly)

Whilst I agree with most of what you say in my opinion, based on 10 years working in branch banking, is that the the balance between ineptitude and misfortune leans more to the former.

never-in-doubt

stclair wrote: »

Theres never gonna be any dust on them is there :rotfl:

Come on mate - you know we'll win this eventually, even the banks do :D

oscar52

chambta wrote: »

Whilst I agree with most of what you say in my opinion, based on 10 years working in branch banking, is that the the balance between ineptitude and misfortune leans more to the former.

Quite possible, in my case I would say a mixture of both.

Out of curiosity, and as another point raised somewhere above, would you agree we need to go "back to old fashioned banking" rather than rely on computer generated decisions?