Bank charges are fair!

bendix

usedandabused wrote: »

well never in doubt's point about the bankers is correct, they have been ripping us off for years, get bailed out by us, yet in return do little to help us.

Speak for yourself. I haven't been ripped off.

I have had bank accounts for over 25 years, and I've never paid a single penny in bank charges.

On the contrary, they look after my money, give me financial products I like and even pay me lots of juicy interest on my savings.

Perhaps I'm using the banks in the way they should be used? What do you think?

usedandabused

bendix wrote: »

Speak for yourself. I haven't been ripped off.

I have had bank accounts for over 25 years, and I've never paid a single penny in bank charges.

On the contrary, they look after my money, give me financial products I like and even pay me lots of juicy interest on my savings.

Perhaps I'm using the banks in the way they should be used? What do you think?

Ha!!!

juicy interest? yes of course, on loan or credit card of theirs that is

seriously wake up, even the most ardent bankers cheerleader will have to admit, there is something seriously flawed with the banking industry.


one week tax payers bail out, next record bonus'


and £25 for being a few pence overdrawn, so fair!

vaporate

Lokolo wrote: »

I used to go round houses of my Polish friend's when I worked at Domino's. Within 30minutes I'd be face flat on the ground. They sure can handle their drink too. :rotfl:

They can handle their drink because they drink it everyday of their lives.

Good luck to them when they get older...I should know because I was in Poland for over 9 months.

never-in-doubt

bendix wrote: »

What a bitter little man you come across as in posts like this.

Hasn't your life worked out as you thought it would? Have you suffered some great disappointment?

My sympathies.

Few points:

1. I'm not little

2. I'm not bitter - truthful more like

3. My life is wonderful - lol, obviously you don't read enough of my posts then!

4. No disappointment, i'm in the prime of my life

5. I thanked you cos your post made me laugh! :rotfl:

never-in-doubt

bendix wrote: »

Speak for yourself. I haven't been ripped off.

Yes you have - we all have! Jees, some people don't have a clue :think:

bendix wrote: »

I have had bank accounts for over 25 years, and I've never paid a single penny in bank charges.

Bully for you - same as me, and your point here is (what exactly)???

bendix wrote: »

On the contrary, they look after my money, give me financial products I like and even pay me lots of juicy interest on my savings.

Look after your money do they? really? Would you feel the same if it wasn't for people like me, you know - the taxpayer? I hardly think so :rotfl:

bendix wrote: »

Perhaps I'm using the banks in the way they should be used? What do you think?

Perhaps you're just too clever for us minion bottom-feeders eh?

usedandabused

never-in-doubt wrote: »

Few points:

1. I'm not little

2. I'm not bitter - truthful more like

3. My life is wonderful - lol, obviously you don't read enough of my posts then!

4. No disappointment, i'm in the prime of my life

5. I thanked you cos your post made me laugh! :rotfl:

you give some good advice and you have a sense of humour, i like:T

Lokolo

usedandabused wrote: »

you give some good advice and you have a sense of humour, i like:T

Thats very subjective :p

Dr.Shoe_2

The problem is is that the banks have manipulated the system for profit.

The original purpose of the charges was to reimburse the bank for out of pocket expenses and this is fair enough. However, the banks have steadily increased the charges whilst at the same time reducing costs with electronic banking etc.

The whole system is there to benefit the banks' shareholders and for no other reason and for this reason I disagree with them. I do not disagree with the banks needing to be reinmbursed but to have a computer bounce a direct debit is not going to cost £38. Nor is me using my debit card when I am already overdrawn. Moreover, charging me an unauthorised borrowing fee is also pure profit for them.

Charges should and must reflect the true cost of the transgression.

This is not going to punish the prudent though. For many, many years we have enjoyed free banking in this country. This has universally been at the expense of the poor. Why shouldn't people have to pay the true cost of banking? Going a few pence over your limit is not "irresponsibility" it is because you are poor. Not having enough in your account to pay your rent isn't because you've spent the money on fur coats and diamond rings it is because your employer has put you on a four day week. Charging people £30 odd quid a pop is not going to help them, it is only going to help the banks and their shareholders. Don't think that the banks are run by old school Mssrs Mannering and Wilson anymore, it's run by some Shanghai based multi-billionaire who doesn't give a toss whether the customer was a few pence overdrawn just so long as he gets even richer.

never-in-doubt

Lokolo wrote: »

Thats very subjective :p

OI - you aint too big to go over my knee young man :whistle::whistle:

lol :rotfl::rotfl:

usedandabused

Dr.Shoe wrote: »

The problem is is that the banks have manipulated the system for profit.

The original purpose of the charges was to reimburse the bank for out of pocket expenses and this is fair enough. However, the banks have steadily increased the charges whilst at the same time reducing costs with electronic banking etc.

The whole system is there to benefit the banks' shareholders and for no other reason and for this reason I disagree with them. I do not disagree with the banks needing to be reinmbursed but to have a computer bounce a direct debit is not going to cost £38. Nor is me using my debit card when I am already overdrawn. Moreover, charging me an unauthorised borrowing fee is also pure profit for them.

Charges should and must reflect the true cost of the transgression.

This is not going to punish the prudent though. For many, many years we have enjoyed free banking in this country. This has universally been at the expense of the poor. Why shouldn't people have to pay the true cost of banking? Going a few pence over your limit is not "irresponsibility" it is because you are poor. Not having enough in your account to pay your rent isn't because you've spent the money on fur coats and diamond rings it is because your employer has put you on a four day week. Charging people £30 odd quid a pop is not going to help them, it is only going to help the banks and their shareholders. Don't think that the banks are run by old school Mssrs Mannering and Wilson anymore, it's run by some Shanghai based multi-billionaire who doesn't give a toss whether the customer was a few pence overdrawn just so long as he gets even richer.

I agree entirely with your sentiment, in the good old days people in the banking world had some respect and I remember my dad with the old TSB when he had some difficulty, they helped my father, that is what banks should try and do.

Now many people have little or no respect for these sharks, who will do anything to turn a profit, ignoring the little people along the way.

Of course sub primers like me are a risk, but when i lost my job, HSBC completely sunk me, charge after charge, and defaulted me, even though i offered a 'token' payment :mad:

within a year I was working again, but by that time it was too late, the default was issued, my account closed, no bank would touch me, i had to request my wages in CASH, then deposit into my fathers account, I then joined my local union but by then the CAB told me to apply for a basic account which I did open.

some charges are fair, and the banks deserve to cover the costs but £25 for a computer to return a direct debit? you're having a laugh!