MSE News: CONFIRMED - OFT gives up bank charges battle

gobbo

orc wrote: »

Gobbos gone.

In both senses of the expression.

yes got to go and make some money so i don't overdraw

lindilou39

whoah people.... an argument over how a person handles their finances or the oppinion of doesnt count here, for alot it is a difficult battle ..for instance...I had an insurance company that felt they could set up a Direct Debit willy nilly even tho I cancelled it 3 TIMES...I communicated numerously with the implicated Insurance company through my broker...As a brilliant person with finances I had worked out my budget for the month, I sat and relaxed...then something horrible happened...I checked my account one day online and found 2 Direct Debits had been collected from my account which I may add HAD NOT been authorised either in writing or verbally...I therefore incurred charges to my account... but am pleased to say got fully reimbursed..but I have to say it is hard work proving it was not your fault.

MrLeeLee

gobbo wrote: »

yes got to go and make some money so i don't overdraw

And what if for some reason the option of 'got to go and make some money' was taken away from you? Suddenly without no warning?

I think you'd change your tune then. It would be interest if that ever did happen to see what your view on bank charges are.

gobbo

lindilou39 wrote: »

whoah people.... an argument over how a person handles their finances or the oppinion of doesnt count here, for alot it is a difficult battle ..for instance...I had an insurance company that felt they could set up a Direct Debit willy nilly even tho I cancelled it 3 TIMES...I communicated numerously with the implicated Insurance company through my broker...As a brilliant person with finances I had worked out my budget for the month, I sat and relaxed...then something horrible happened...I checked my account one day online and found 2 Direct Debits had been collected from my account which I may add HAD NOT been authorised either in writing or verbally...I therefore incurred charges to my account... but am pleased to say got fully reimbursed..but I have to say it is hard work proving it was not your fault.

The direct debit guarantee offerred by the banks state that if you say there is an error they will immediately refund you whilst it is investigated , if they don't ask for a copy of the guarantee and point out the relevant clause - all banks have these.

I trust you also asked for compensation from the instigator of the direct debit

gobbo

MrLeeLee wrote: »

And what if for some reason the option of 'got to go and make some money' was taken away from you? Suddenly without no warning?

I think you'd change your tune then. It would be interest if that ever did happen to see what your view on bank charges are.

find another way to make some money of course

lindilou39

gobbo wrote: »

The direct debit guarantee offerred by the banks state that if you say there is an error they will immediately refund you whilst it is investigated , if they don't ask for a copy of the guarantee and point out the relevant clause - all banks have these.

I trust you also asked for compensation from the instigator of the direct debit

of course lol but I need a question answering from a legal professional

discoass

gobbo wrote: »

my banking isn't free , the money in the account during the month is used by the bank to make money .

If you went into tesco and something was £20 would you expect to pay only £10 because you were poor ? , this seems to basis of your arguement , that the banks should charge less if people say they are poor

i didnt mean poor as in "no money" an as far as u r concerned banking is free at the point of call ,what the bank do with yr money is up to them u dont notice it

discoass

gobbo wrote: »

find another way to make some money of course

you r just trying to wind people up arnt u :rolleyes:
If u r not then yr one cuckoo short of a clock
or you r a banker

gobbo

discoass wrote: »

i didnt mean poor as in "no money" an as far as u r concerned banking is free at the point of call ,what the bank do with yr money is up to them u dont notice it

and your point is ??

discoass

gobbo wrote: »

and your point is ??

just trying to explain that u took the statement out of context