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pugsyts

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sulkisu

pugsyts wrote: »

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Do you not think its fair I get Compensation for all this trouble? Obviously i will pay what I spent, but surely compensation should be given to me. Perhaps totalling the amount i spent £1200??

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Personally no I don't, but what would I know?;)

onlypaddy

Hmmmm, lets try and dig some points out of here...

pugsyts wrote: »

..... On the 13 February 2007 I was finally in a position that my account was in CREDIT ...... It then came to my attention on 20 February 2007 that I was £1,149.56 overdrawn.

So, you were in credit. But did you have over £1000 in the account? If not, why go out and spend that much without wondering what the bank would do? did you assume you had that much, since they had told you you wouldn't be able to exceed?

The upshot is, whether you have regular/irregular credits into the account, it is your responsibilty to know how much is there, how much is available and how much you can spend

to put £1000 of transactions through in a week and assume you have the money without checking once is simply insane.

pugsyts wrote: »

My point has been that they made a grave mistake and they expect me to pay for it......

pugsyts wrote: »

....had CONFORMED to the phone call, which they denied had taken place, none of my payments would have gone through my account.

As my above point, if you had managed your account and not whipped out the card, none of those payments would have gone through the account

pugsyts wrote: »

I also want you to clarify the argument made by Nat West concerning their quoted policy concerning the processing of Point of Sale transactions under Switch. They have repeatedly said in correspondence, that when a switch transaction is authorised, ‘the available funds figure is reduced accordingly. Then, retailers have up to six months to claim the funds.’ However, as I keep stressing to Nat West, and they ignore the point, I removed the Overdraft on the 13 February 2007 and so I did NOT have the available funds after that date for the transactions to be authorised. Therefore, they should have been declined and NAT WEST is at fault for not removing the overdraft and for allowing the payments

This depends on the type of card. A normal debit card will go through a sale without checking with the bank. At this point, the sale has gone through and the bank MUST honour the payment.

If you wanted it to check every time you would have needed a 'Full Authorisation' card which checks the balance every time its used. If no funds then it is rejected. Simples.

Im sorry, but it is not the banks responsibility to keep tabs on the balance in your account.

Inactive

Looks like a Daily Mail headline, with about as much substance.:rotfl:

jambosans

One thread was a waste, but three, reported as SPAM.

Edit: Admin have removed the thread I've replied on (and the other one by the looks of things).

Long and short of my reply: you're not going to get £1200 compensation because of your financial ineptitude.

StrawberryYogurt

You spent all that money in a week? Surely in a weeks worth of time you would know how much was in there? I mean I understand when some people rarely use a bank account for months on end, they may not know the exact amount in there at one time, though not many would be out over £1000! But you went from being told you were in credit to £1,149.56 overdrawn?! Did it not occur to you that something was up?

choc_mouse

pugsyts wrote: »

Do you not think its fair I get Compensation for all this trouble? Obviously i will pay what I spent, but surely compensation should be given to me. Perhaps totalling the amount i spent £1200??

No - it would be unfair on the rest of us if you did get compensation.

If you want the bank to decline the transaction, you could try Lloyds TSB. They've got a "Control" service which they charge £10/month for. It's not a service many banks offer as far as I can tell. http://www.lloydstsb.com/current_accounts/control.asp. It blocks any transaction that would take your account overdrawn and you get text alerts about your account balance.

Dr.Shoe_2

Indeed. You can go to the cashpoint at any time and get an accurate balance on your account.

My tip is: when the balance reaches zero then stop spending!

This isn't the bank's mistake, it is yours. In fact I would go as far as to say that the bank had you sussed and left the overdraft in place knowing you'd go on a spending spree.

If they were suddenly to stop your overdraft now then you'd be well and truly fuc.ked and they'd have the last laugh. This is precisely what will happen when you go in to your bank in a strop.

My advice is to keep your mouth shut and pay it off as quickly as you can before they decide to act on your original instructions.

crispy_chris

Ignorance of your own account balance is not an excuse for the massive overspend you did.

You spent the money and you have to pay it back. Even if they did say they would withdraw the overdraft then failed to do so, that is a small error compared to spending over £1000 without realising.

Seriously we need to stop this unjust blame culture and take some responsibility for our own actions.

Maybe you should hire an accountant....

al25

You don't spend money that is not yours. As simple as that.
One has to be responsible for their own actions.

sulkisu

StrawberryYogurt wrote: »

You spent all that money in a week? Surely in a weeks worth of time you would know how much was in there? I mean I understand when some people rarely use a bank account for months on end, they may not know the exact amount in there at one time, though not many would be out over £1000! But you went from being told you were in credit to £1,149.56 overdrawn?! Did it not occur to you that something was up?

I missed that point - the fact that he spent all of that money in one week! How do you spend a thousand pounds that you don't have in just seven days, and not realise that you are overspending?

I suspect (although I could be wrong) looking at the timing of his 'ordeal' that OP was one of those who assumed that the banks would lose the charges court case, and who sat back doing nothing about these ever escalating charges for the past 3 years in the misguided belief that the charges would be refunded. No matter what side of the reclaiming charges debate you are on, even Mr MSE himself said that people should not rely getting the charges refunded.