halifax! can they do this?

masonic

Getting back to the OP's issue...

vix2000 wrote:

I am not bothered about interest, my argument is that If i need the money today i cannot use it because they have it. As far as I know the money to cover standing orders needs to be in the account by midnight the day before.

If the money needs to be in the account by midnight the day before it is to be transferred, then it follows that the money cannot be available to you in those last 24 hours.

The way I see it, the following has happened to you...

Standing order set up for ~£800 to be taken on 28th August.

27th August 12:00AM: ~£800 deducted from your available balance. This money is no longer available to you as it is reserved to meet the standing order you set up. These funds have to be in the account by this time, so they cannot be removed between now and when the transfer takes place.

28th August: Transaction shows up on your statement. At this point the money has been sent to the specified account.

kenshaz

masonic wrote:

Would you please declare any prejudices or personal vendettas you hold against a financial institution... That argument works both ways, you see

Also, you might like to take a look at this page.

I was employed by the government for thirty years prior to that I was in the Royal Air Force.

The above statement is my work history ,would you be prepared to disclose yours.

I am consumer I have the right to to respond to profit making organisations and their representatives.

I feel that if you have associations with the organisation in the link ,that you are promoting ,you should declare them ,as it is not in the spirit of this site.

The use of links for personal advantage is against site rules

Hereward

kenshaz wrote:

I am consumer I have the right to to respond to profit making organisations and their representatives.

Whilst you have this right, you do not have the right to instigate a witch-hunt against those who do not share your views and declare them agents of corporate greed. BTW I have yet to find a non-profit making organisation, as all organisations must cover their running costs and as such charge their stakeholders a mark-up to cover all eventualities.

regularsaver1

kenshaz wrote:

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

yes I am honest about that - I've always banked with them too - I wouldn't go to work for somewhere where I wasn't happy.

but regardless of this - it does not mean that I am happy of all the procedures - I'm sure no other bank employee is too

I have said where I work, but I do not need you pointing it out all the time. it is leading me away from this site

it seems every post I make you then comment on my job. I work in mortgages, there are differences


I'm sure that people could make many comments about the Roysl Air force and the Government - but of course you are not personally responsible, as I am not for the banks decisions

markmc999

Oh I do love the "flappers" around. You can almost see them having temper tantrums because nobody believes them.

Anyway, my points of view...

• I've always been told that paper statements "over ride" online ones and that its the paper statements you need to follow for interest charging purposes etc.
• I almost see it as the bank doing me a favour by not allowing me to remove the cash over the weekend (especially bank holiday ones!) Means I cant go to the cash point when pished on a Sat. night and try to withdraw cash. This stops me being hit with shed loads of charges - rather nice of the bank if you ask me
• Following on from point 1, while online transactions are instant they are often not instant apart from online and so paper wise they wouldnt hit the acount till mid morning next working day - this possibly causing your account to bounce the DD

Banks are odd institutions at times but if you really feel vexed about this "travesty of justice", leave.

kenshaz

Hereward wrote:

Whilst you have this right, you do not have the right to instigate a witch-hunt against those who do not share your views and declare them agents of corporate greed. BTW I have yet to find a non-profit making organisation, as all organisations must cover their running costs and as such charge their stakeholders a mark-up to cover all eventualities.[/QUOT

Whilst, I had stated that I was not going to respond further ,until you declared your interests. I would wish to congratulate you on your choice of
words,they are yours not mine AGENTS OF CORPORATE GREED.I feel that your findings are harsh and unrepresentative of some of the posts on this thread

masonic

kenshaz wrote:

I was employed by the government for thirty years prior to that I was in the Royal Air Force.

The above statement is my work history ,would you be prepared to disclose yours.

It is against site rules to disclose personal information. I will say this much, however... I have never worked for or received any gain (besides as an accountholder) from any financial institution.

kenshaz wrote:

I am consumer I have the right to to respond to profit making organisations and their representatives.

Everyone has the right to post anything that is not against site rules. However, if you post fallicious arguments or try to manipulate discussion to suit your own personal agenda, those of us able to recognise those tactics have the right to bring them to the attention of the group.

kenshaz wrote:

I feel that if you have associations with the organisation in the link ,that you are promoting ,you should declare them ,as it is not in the spirit of this site.

The use of links for personal advantage is against site rules

What on Earth do you think I am promoting, besides rational discussion? :rotfl:

CopperPlate_2

Good grief! Is all of this necessary?? Why not just post your CV's on the site and be done with it. That way, you can pick each other's history to pieces and fixate on one tiny, insignificant, irrelevant piece of information that has nothing to do with the original post whatsoever. From reckoning, it was a vent about Halifax and their apparently archaic procedures for reserving funds prior to payment of DD's and SO's, not whether posters have vested interests in defending, or otherwise, the processes followed by a bank. It's called a debate, a discussion - not some sort of McCarthy-esque hunt to seek out closet bankers or their affiliates.

And, just in case, I've never worked for a bank, financial institution, or any other financial services provider. So there

CopperPlate_2

markmc999 wrote:

Oh I do love the "flappers" around. You can almost see them having temper tantrums because nobody believes them.

Anyway, my points of view...

• I've always been told that paper statements "over ride" online ones and that its the paper statements you need to follow for interest charging purposes etc.
• I almost see it as the bank doing me a favour by not allowing me to remove the cash over the weekend (especially bank holiday ones!) Means I cant go to the cash point when pished on a Sat. night and try to withdraw cash. This stops me being hit with shed loads of charges - rather nice of the bank if you ask me
• Following on from point 1, while online transactions are instant they are often not instant apart from online and so paper wise they wouldnt hit the acount till mid morning next working day - this possibly causing your account to bounce the DD

Banks are odd institutions at times but if you really feel vexed about this "travesty of justice", leave.

:rotfl: How refreshing!! Open, honest and commonsense :rotfl:

kenshaz

CopperPlate wrote:

Does it really matter? I mean if you want to take money out and put money in to your account several times a day on the day before DD/SO's come out then fine, whatever floats your boat, but why would you need/want to? A thrill that you might go overdrawn the next day! :rolleyes: come on! I know that it is a bit of a thought that the bank might have paid out early/taken early, but it's only acting on the instructions set up by SO or DD - it's not taking it for itself.

I think it's a bit of a drama really - if unhappy with it, lose the bank and find another one that pleases you, but remember that the grass isn't always greener on the other side and there's no such thing as a bank that hits all the right buttons of good customer service, decent interest, flexible internet features, etc, etc.

:rolleyes: :rolleyes: