Revealed: the grubby tactics used by Santander to deny fraud refunds

97trophy

http://www.timesonline.co.uk/tol/money/consumer_affairs/article7133318.ece

pmduk

The more I read about this bunch the happier I am that I don't have an account with them

Bloomberg

pmduk wrote: »

The more I read about this bunch the happier I am that I don't have an account with them

The worst bank in the world by a country mile!!

scott_lithgows

Dear Prime Minister,Instead of stealing childrens accounts,why dont you impose a higher tax on those who choose to bank with foreign organisations and while your at it why not remove any compensation they are entitled to if/when the foreign bank collapses.

Olipro

scott_lithgows wrote: »

Dear Prime Minister,Instead of stealing childrens accounts,why dont you impose a higher tax on those who choose to bank with foreign organisations and while your at it why not remove any compensation they are entitled to if/when the foreign bank collapses.

by "foreign organisations" are you referring to foreign banks that operate in the UK?

If so, then I think any sane person can see what a stupid suggestion that is.

If you on the other hand mean banks that do not operate in the UK then the fatal flaw there is that such an organisation is outside of the UK's jurisdiction.

scott_lithgows

Olipro wrote: »

by "foreign organisations" are you referring to foreign banks that operate in the UK?

If so, then I think any sane person can see what a stupid suggestion that is.

If you on the other hand mean banks that do not operate in the UK then the fatal flaw there is that such an organisation is outside of the UK's jurisdiction.

Only a few years since Iceland,s bank,s went tits up,who is to say that Spanish banks wont be next.
Iceland are paying the cash back but not overnight,Spain has 20% unemployment,not much chance there then.
Instead of calling it a tax on Spanish etc banks,call it tax relief for Brits with loyalty to British Banks and Building Societies then.

Bloomberg

scott_lithgows wrote: »

Only a few years since Iceland,s bank,s went tits up,who is to say that Spanish banks wont be next.
Iceland are paying the cash back but not overnight,Spain has 20% unemployment,not much chance there then.
Instead of calling it a tax on Spanish etc banks,call it tax relief for Brits with loyalty to British Banks and Building Societies then.

I am inclined to agree with you, Spain could soon follow Greece into the economic doldrums. Santander could be on rocky ground at some point soon, this in conjunction with their pitiful customer service make them a definite NO!!!. HSBC is the safest place to put your money after government bonds. Their global diversity makes them very solid.

Olipro

scott_lithgows wrote: »

Only a few years since Iceland,s bank,s went tits up,who is to say that Spanish banks wont be next.
Iceland are paying the cash back but not overnight,Spain has 20% unemployment,not much chance there then.
Instead of calling it a tax on Spanish etc banks,call it tax relief for Brits with loyalty to British Banks and Building Societies then.

You seem to have confused Spanish banks with the Spanish government.

Not only would it be in contravention of both EU and international trade laws it's an utterly ridiculous idea to begin with.

Of course, this isn't the main issue for you is it? I'm betting you've got a wider agenda when it comes to things and/or people that are foreign and probably the EU as well for that matter.

scott_lithgows

Olipro wrote: »

You seem to have confused Spanish banks with the Spanish government.

Not only would it be in contravention of both EU and international trade laws it's an utterly ridiculous idea to begin with.

Of course, this isn't the main issue for you is it? I'm betting you've got a wider agenda when it comes to things and/or people that are foreign and probably the EU as well for that matter.

You,re barking up the wrong tree,voted SNP a few weeks ago and am pro-europe.

Iceland is as a country paying back the debts inflicted on it by its shoddy banks.I see the Spanish government has had to rescue a mortgage lender recently.Any more to follow?

Bloomberg

scott_lithgows wrote: »

Only a few years since Iceland,s bank,s went tits up,who is to say that Spanish banks wont be next.
Iceland are paying the cash back but not overnight,Spain has 20% unemployment,not much chance there then.
Instead of calling it a tax on Spanish etc banks,call it tax relief for Brits with loyalty to British Banks and Building Societies then.

This morning Bloomberg reports that four big Spanish banks are in trouble, who can possibly discount Santander getting into trouble? Your argument has been further strengthened.

Olipro

Bloomberg wrote: »

This morning Bloomberg reports that four big Spanish banks are in trouble, who can possibly discount Santander getting into trouble? Your argument has been further strengthened.

the fact 4 spanish banks are in trouble is irrelevant, the issue is about arbitrarily imposing a tax on an entity simply because it happens to be foreign.

That notwithstanding however, Santander is not one of the banks in trouble, and even if it were, I fail to see how a tax is going to help matters.

Rather than a tax it would be far better to implement a procedure to invoke in the event that a foreign bank goes to the wall then immediate action can be taken in the UK to protect that arm from the insolvent parent in much the way of what was done with Kaupthing (albeit with actual dedicated legislation rather than fudging it with terror laws)