Not claimed back bank fees - success thread

Dammam

"As said by someone else, this thread has a right to exist alongside the other. Only difference is that one isnt being hijacked by people with the opposite view."

Aaah, sorry. I committed the cardinal sin of posting without checking what the original post was about!
Disregard my previous comment and accept my congratulations on having your life sorted.

MPH80

dchurch24 wrote:

Apparently, it's about 1 in 4 that is seriously affected by charges to the point of creating more debt - according to Which!

Is that one in four of those gaining charges - or one in four of the population?

If it's the former - then they are definately in a minority which indicates that most customers could avoid charges if they wanted.

If it's the latter - I severely doubt their statistic - since that's 15 million people.

M.

Mrs_Sparkle

westernpromise wrote:

There should be an intelligence test before some people are allowed to own a computer. Or vote. Or procreate.

What a rude person you are. If it was sarcastic then it was in extremely poor taste and surely anyone with half a brain would realise that it was a controversial thing to say, even as a joke. I don't think I'm the one with intelligence issues.

masonic

Mrs_Sparkle wrote:

If it was sarcastic

I'm sure it was sarcastic, but you have to wonder why that particular mind image would be triggered in the poster when somebody hits a nerve.

sheashea1

To the Boss' original post-

I think you have missed the point of this web site - unfairness against consumers. The bottom line is that banks charging these fee amounts is illegal. It is fine that banks need to charge for the 'abuse of accounts but £35 for an unpaid DD for going over your limit by as little as 50p is the behaviour of loan sharks - not to mention an additional charge for going over an agreed limit.

If you accepted the charges as your fault that is ok, but you have not helped anybody on this site by berating the majority who look for advice on managing their money.

I would also like to add that you could have asked the bank to waiver the charges as you it was a one-off since you say your account is normally managed properly.

I think it naive of you to think that you are paying more because people are claiming what should not have been taken from them in the 1st place. Banks operate to make as much profit as possible and(most) will continue to do this because of people like yourself who are willing to allow them to get away with it.

krisskross

I am not going to add any fuel to the fire but would like one point explained.

It is said that once a DD has been refused and a charge made by the bank that this charge is what then means that further DD's bounce. Why doesn't anyone who can forsee that there is going to be insufficient funds not just cancel the DDs and pay the bills manually over the counter having withdrawn the cash they have available. I honestly cannot see any logic in leaving due payments open for collection when it is known there will be insufficient funds and therefore payments being bounced and bank charges accruing. The utilities are not going to be cut off for paying a bit less, and if there is not enough money in the bank they won't get paid anything anyway, but the owner of the account is racking up charges.

southernscouser

The_Boss wrote:

At the end of the day, if those guys can have their own back slapping thread, so can we. Those are the terms and conditions. So its no suprise to see that there are still people breaking them!

So what if people are? :rotfl:

Do you really have nothing else in your life that you have to start a childish thread having a go at alot of people who get into mess through no fault of there own then discover they are able to reclaim something that has happened to them unlawfully?

By all means have a pop at me. I was sh!te with money and have had a touch in being able to get my money back. But open your bloody eyes to the real world. Come over to the DFW board and read some of the !!!!!! people go through. If you still have no sympathy to them being charged hundreds and thousands for going pennies overdrawn then you are indeed a cold hearted !!!!!!.

southernscouser

westernpromise wrote:

There should be an intelligence test before some people are allowed to own a computer. Or vote. Or procreate.

But if they did then we wouldn't have usefull comments like yours would we?

southernscouser

krisskross wrote:

I am not going to add any fuel to the fire but would like one point explained.

It is said that once a DD has been refused and a charge made by the bank that this charge is what then means that further DD's bounce. Why doesn't anyone who can forsee that there is going to be insufficient funds not just cancel the DDs and pay the bills manually over the counter having withdrawn the cash they have available. I honestly cannot see any logic in leaving due payments open for collection when it is known there will be insufficient funds and therefore payments being bounced and bank charges accruing. The utilities are not going to be cut off for paying a bit less, and if there is not enough money in the bank they won't get paid anything anyway, but the owner of the account is racking up charges.

OK, lets say you have 2 DD's coming out of your account the day after you go O/D. If say one of them is a credit card and you cancel the DD's then you have no way of paying this on time. What happens? The CC company slaps you with a £30 charge. So families who are on the borderline are £30 down already next month. The same thing happens to the next bill or whatever. It's a vicious b@stard of a circle!

YorkshireBoy

krisskross,

I haven't had any charges for over 20 years (so I suppose I fall into The Boss' category 2), but here is my understanding...

Whilst you can cancel a standing order with (normally) one days notice, direct debits require a little more notice - generally 3-5 days I believe.

Therein lies the problem. Many people think it's a good idea to have all their SO's, DD's, bill payments, etc leaving their account on the day (or very soon after) they get paid, because they know then that whatever's left is theirs to spend for the rest of the month. The problem here, is that it only takes a pay cheque/BACS direct credit to be a little late and there simply isn't enough time to cancel the DD's - and possibly the SO's as well.

Even if there was enough time to cancel the DD's, the originators would then apply the default charge (when the DD failed to collect), rather than the bank applying the charge.

In an ideal world, you'd do several things...

You'd build up a buffer, ie either an in credit balance or an overdraft facility, or perhaps keep some emergency cash in a savings account with the current account provider, that was linked to the current account and offered instant (or near instant) transfers.

You'd also be better off arranging for your DD's to be collected at least 5, and maybe 10, days after your salary hits your account.

If you are operating your finances 'hand-to-mouth', it may be better to cancel DD's altogether, especially since the new £12 default charges may be harder to claim back, and pay by cash, cheque, etc instead. Then, once the finances have settled down again, you can re-instate the DD's. A little inconvenient maybe, but certainly a whole lot less stressful.