halifax! can they do this?

GSD4ME

i have no axe to grind, I do not work for a bank BUT for the last 20 or so years my bank has taken in my salary payments, paid all the bills I ask it to, printed and sent me new cheque books, always had someone available to help and advise me if I have a problem, kept little machines filled up with money so I need never run short. I have never had to pay them a single penny for any of this, so it seems to be free to me. QUOTE

I agree with this, BUT the banks make absolutely HUGE!!!!! profits every year, several billions of pounds. Clearly this is not "free" to the customer. We must be screwed somewhere along the line.For example, why don't we get the same amount of interest on our account balance as the banks charge us if we are one penny overdrawn?

kenshaz

Hereward wrote:

I can declare that I have serveral interests in banking:

My current account
My ISAs
My Savings Accounts
The shares held in my pension

Or is this not what you meant?

I will now ask you to declare as per the site rules,have you any financial links or receive salary from a bank or financial organistion ,try to evade that and the answer will be clear

kenshaz

regularsaver1 wrote:

more like they know the systems - the money reserved protected the customer - at the end of the day they had the money in another account anyway


this comment really does annoy me because if One works in a bank , it does not mean that they agree with everything a bank does - you just presume that they do. they are consumers too


if they don't want to pay by standing order they could always pay by cash


and i too, have my current account, my mini cash isa, my isa investor, my shares

I know that you declare ,would others please also declare, it helps,when you have received training from an an organisation,your points are bound to be different,and perhaps sometimes biased by your experiences with customers.

kenshaz

Toothsmith wrote:

But in it's infinite wisdom, the DoH has actually banned NHS dentists from charging a failed appointment fee sice 1st April 2006.

Have a quiet word with your dentist if he's still doing it!

I would not be having a quiet word ,I would be reporting him/her

kenshaz

regularsaver1 wrote:

more like they know the systems - the money reserved protected the customer - at the end of the day they had the money in another account anyway


this comment really does annoy me because if One works in a bank , it does not mean that they agree with everything a bank does - you just presume that they do. they are consumers too


if they don't want to pay by standing order they could always pay by cash


and i too, have my current account, my mini cash isa, my isa investor, my shares

but you also work for Halifax as declared in previous posts,others should follow suit

kenshaz

MarkyMarkD wrote:

It's not a simplistic response, but a statement of principle.

I apply the same logic to banking, mobile phone companies, airlines, insurance, and any other type of company that people gripe about on here.

And yes, I have interests in banking - not least shareholdings in a couple of ex-building societies (gained when they demutualised) and, as previous posts have indicated, via my equity ISAs and pensions - but that applies to almost anyone, and applies to any corporate entity, not just banks.

Have you any links or receive a salary from any financial organisation,referring
to your deposits is evasive,please answer

M_Thomson

GSD4ME wrote:

i have no axe to grind, I do not work for a bank BUT for the last 20 or so years my bank has taken in my salary payments, paid all the bills I ask it to, printed and sent me new cheque books, always had someone available to help and advise me if I have a problem, kept little machines filled up with money so I need never run short. I have never had to pay them a single penny for any of this, so it seems to be free to me. QUOTE

I agree with this, BUT the banks make absolutely HUGE!!!!! profits every year, several billions of pounds. Clearly this is not "free" to the customer. We must be screwed somewhere along the line.For example, why don't we get the same amount of interest on our account balance as the banks charge us if we are one penny overdrawn?

What interest will a bank charge if you you are one penny overdrawn and in an arranged overdraft ? Not much probably none on 1p. If you are in an unarranged overdraft, then why should they not be able to charge you a higher rate of interest. You would have been granted credit as a privalige not a right. You would have not kept to the terms of your account. As a first offence, then maybe they should consider not charging a high rate of interest, but if somebody keeps going overdrawn through no fault of their own, then they have only themselves to blame.

kenshaz

M_Thomson wrote:

What interest will a bank charge if you you are one penny overdrawn and in an arranged overdraft ? Not much probably none on 1p. If you are in an unarranged overdraft, then why should they not be able to charge you a higher rate of interest. You would have been granted credit as a privalige not a right. You would have not kept to the terms of your account. As a first offence, then maybe they should consider not charging a high rate of interest, but if somebody keeps going overdrawn through no fault of their own, then they have only themselves to blame.

Would you please declare ,any links or have recieved a salary from a financial organisation

GSD4ME

Am I the only poster on here who gets APOPLECTIC!!!!! with people quoting the banks' T. & C.s. AAAGGGGHHHH

I have banked with the same bank for 33 years, (pretty sad, I know). I presumably was sent a copy of their T. & C.s all those years ago, but I am sure they have changed 100 times since.

Anyway I think these T. & C.s are not worth the paper they are written on. The present Govt. is SO keen to get everyone to have a bank account, but then lets the banks screw us, and they do, it is impossible to deny it. How can charging £38 for bouncing a direct dedit or a £30 "referral fee" for being overdrawn last month be anything other than screwing customers.

Bearing in mind that the banks make MILLIONS!!!! every year. Do they need the £38 they screw from some poor hard up person. NO THEY DON'T!

They are not a charity, but they should charge what is a reasonable charge for their work and no more.

Mark7799

kenshaz wrote:

I will now ask you to declare as per the site rules,have you any financial links or receive salary from a bank or financial organistion ,try to evade that and the answer will be clear

What site rules?

Where is this thread going?

P.S. To save time or further enquiries, I am an ex-bank manager (six years out of the job).