Let's get real - who is paying for this prolifragacy?

Sandieflowers

Don't get the OP a step ladder, let them fall !!!

I personally do not have any bank charges to reclaim but I have a close relative who was ripped off by these so called fair charges. When he opened his account he was offered an overdraft which he did not want.

The current account was only opened to take advantage of the 'plus savings account' so wasn't in regular use. He used his debit card one day and went .5p overdrawn, the bank did not decline the transaction but certainly slapped on the charges, when queried he was told they allow a 'ghost overdraft'.

I would have no argument against bank charging reasonable amounts but their charges are excessive and have put many hard working people into debt.

The banks were boasting huge profits in 2007 and early 2008, where did all that money go, into a huge bonus fund, they ran to the Government when they needed help and were bailed out.

The money they were loaned saved their bacon yet I bet they haven't been chased by Debt Collection agencies or had their credit reports blighted.

justjohn

Sandieflowers wrote: »

Don't get the OP a step ladder, let them fall !!!

I personally do not have any bank charges to reclaim but I have a close relative who was ripped off by these so called fair charges. When he opened his account he was offered an overdraft which he did not want.

The current account was only opened to take advantage of the 'plus savings account' so wasn't in regular use. He used his debit card one day and went .5p overdrawn, the bank did not decline the transaction but certainly slapped on the charges, when queried he was told they allow a 'ghost overdraft'.

I would have no argument against bank charging reasonable amounts but their charges are excessive and have put many hard working people into debt.

The banks were boasting huge profits in 2007 and early 2008, where did all that money go, into a huge bonus fund, they ran to the Government when they needed help and were bailed out.

The money they were loaned saved their bacon yet I bet they haven't been chased by Debt Collection agencies or had their credit reports blighted.

Charge should never become charges.
This is bad management by the account holder.

The money they were loaned has nothing too do with charges and is a different kettle of fish.

ganonman

christuke wrote: »

Going overdrawn without authorisation on a current account is tantamount to theft. Regularly diong so is very close to fraud. Why are responsible account holders being expected to pay for the irresponsible?
P.S. Title should read "profligacy"!

Why do people find it so difficult to understand that if someone lets you take something, it is NOT theft.

The banks have the technology to not allow you to take more than they want you to take, therefore it is not theft if they let you go over your overdraft limit. It's taking an opportunity to profit from someones mistake. If you do it often, shame on you, but the banks still allow it, therefore it is not fraud, it is banks taking advantage of someone that is not financially savvy. You're basically saying that because someone is not as clever as you with money they should be punished? What next? Should we start charging people with low IQ's for not being clever enough?

Whilst people should manage their accounts well, people that are rubbish at doing so are not theives, and they should be educated through actual help, not by beating them until they dance the right dance.

addzone

christuke wrote: »

Going overdrawn without authorisation on a current account is tantamount to theft. Regularly diong so is very close to fraud. Why are responsible account holders being expected to pay for the irresponsible?
P.S. Title should read "profligacy"!

Never heard so much rubbish in all my life. In terms of going over an overdraft, the banks allow you to do so. How can it be theft or fraud when they allow you to go over your overdraft? The banks could easily put in place software systems to prevent people from going overdrawn. The reason why they don't do this is because someone somewhere along the line decided they could extort money from jo public. If you are looking for theft and fraud, try £35.00 for sending out a letter that costs £0.50 maximum. Looking at it from your point of view charging £35.00 for something that costs £0.50 is fraud and theft.

Pammy

You know I would rather it was theft, I would have had better treatment rather than being thrown into a spiral of debt as a result.

Some people are really missing the point. I can understand where they are coming from but life isnt that simple.

When I use my card I have accidently gone over by a pound or less, resulting in a £35.00 charge. The banks allowed me to go over, they actually want me to go over. If nobody went over then what? They are back to finding the money elsewhere.

Boredatwork

ganonman wrote: »

Why do people find it so difficult to understand that if someone lets you take something, it is NOT theft.
.

So if i left my house unlocked and you walked in an emptied it, that would not be theft?

justjohn

its real simple. Most banks will let you go over the overdraft and if its a one of they will waive the charge.

If they do not waive the charge then its a carp bank.

Leave the bank.
If you are continuasly going over you cannot manage money its not the banks fault ITS YOURS.

If you get charges on charges its your fault. The bank has warned you the first letter they send out that there will be further charges.

After the first charge you should clear the overdrawn overdraft. If you cannot do this you are not managing your money. Cut costs and buckled down. If you cannot do that you are living beyond your means ...SIMPLE

Just because you canot manage money is not anyones fault other than yours.

justjohn

ganonman wrote: »

Why do people find it so difficult to understand that if someone lets you take something, it is NOT theft.

.

So if i order 20 cheque books and write cheques for the next 1 year with no money in the account its the banks fault??

same thing init???

justjohn

porkmaster wrote: »

John, you're the greatest person I've never met.

Be my wife.

Step away from justjohn...he's my wife....:mad:

Or at least i'm his (His new one at least - he got rid of the last one as she run up huge debts):rotfl:

Posted by Mrs justjohn (who has complete permission to use his id - in fact he usually posts what I tell him to anyway...LOL) If you need to work out who is posting check the spelling and grammar - he can't spell and I can:rolleyes:)

btw - I worked for a bank for 21 years!!

AnnOyed

To the OP (original poster):
People make mistakes. People deal with figures like you check your spelling. Two spelling mistakes in your first post? Tut tut, I guess you posted before checking the small print to your document? I see you spotted one of the typos after and corrected it? Transpose that 'slip' to a bank account and what have ya got? I'll swap my dictionary for your calculator and we'll both be better off...