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bank charges
ozzie19
Posts: 1 Newbie
I have been charged about £1000.00 in charges on my current account for exceeding my o/d facility even though I have always had in excess of £11000.00 in my savings account. Has anyone got any suggestions on who to contact about this.
thanx
thanx
0
Comments
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I have been charged about £1000.00 in charges on my current account for exceeding my o/d facility even though I have always had in excess of £11000.00 in my savings account. Has anyone got any suggestions on who to contact about this.
thanx
Was this over a short period of time?
Have you asked the bank?0 -
Has anyone got any suggestions on who to contact about this.
A brain surgeon?
Or at least someone that can teach you to control your finances.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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http://www.moneysavingexpert.com/reclaim/bank-charges
I haven't yet put in a claim, what should I do?
A. Hold off for the moment and see what happens with the Office of Fair Trading (OFT). Even if it doesn't take the case up we will produce new guidance on how to try to reclaim - ensure you're getting the free weekly e-mail where we will publish an update as soon as possible. How likely is it I will get my money back?
A. Much less likely than prior to the Supreme Court result, but not impossible. Still, the best thing to do is plan for getting nothing, but cross your fingers.
..."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
Alpine_Star wrote: »Was that really necessary?
Shame on you.
Yes it was necessary. Banks are not there to control your finances for you. Bank charges are also not unlawful.
If you have £10k in one account and are frequently going over your limit in the other then the real problem is a lack of personal control of your finances. The bank charges are a by product of that but are not the problem.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
The comment was still unnnecessary since the obvious response was the one that Premier has pointed the OP to and a brain surgeon would not be able to deal with the person's queries for bank charges unless he happened to be a dual bank manager as well.Yes it was necessary. Banks are not there to control your finances for you. Bank charges are also not unlawful.
If you have £10k in one account and are frequently going over your limit in the other then the real problem is a lack of personal control of your finances. The bank charges are a by product of that but are not the problem.
Bank charges are currently not unlawful but they may still be challengeable as a whole on fairness....but until we know the opinion of the OFT since the Supreme Court did not say that bank charges can never be challenged for fairness, simply that they could not be challenged under regulation 6.2(b).0 -
Yes it was necessary. Banks are not there to control your finances for you. Bank charges are also not unlawful.
If you have £10k in one account and are frequently going over your limit in the other then the real problem is a lack of personal control of your finances. The bank charges are a by product of that but are not the problem.
Clearly ''A brain surgeon'' is an insult and as such unnecessary. It doesn't get anymore complicated than that..0 -
Alpine_Star wrote: »Clearly ''A brain surgeon'' is an insult and as such unnecessary. It doesn't get anymore complicated than that..
It isnt complicated to control your bank account either. Especially when you are not in financial difficulty.
You can often sympathise with people that are struggling but when its just laziness then its hard to be sympathetic.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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Worringly, I find myself agreeing with dustonh. I might need that brain surgeon myself if this carries on.
Given that we don't know the full circumstances, it's unlikely that £1000 of charges happened overnight, and yet clearly being in the fortunate position of being able to do something about it, the OP just let them build up.0
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