LloydsTSB and the £5 planned overdraft fee

Paul_Herring

a0156rp wrote: »

Do the banks not realise that maybe somebody like myself at the moment struggling finacial hardship after losing a job is in overdraft for a reason?

Nope. Or rather they do, and they don't care.

Vincenzo

a0156rp wrote: »

Do the banks not realise that maybe somebody like myself at the moment struggling finacial hardship after losing a job is in overdraft for a reason? Adding extra charges are just making it even more difficult to pull through.
Fair enough £5.00 doesn't sound alot, but when it is teamed with the overdrafts normal charges and struggling to make ends meet it becomes a whole different ball game.

Rachel. xx

Unfortunately that is the nature of finance. Those that can afford it least, pay the most.

milesoneill

Just got my letter yesterday about the £5 fee. It's clearly a move by Lloyds to make it appear like they are helping those who unfortunately have to cross the line into unplanned overdrafts. But those of use who have agreed overdrafts with them will now suffer the financial burden - that's what you get for being a loyal customer.

I tried to get Lloyds to give a comment on this matter, but they were unavailable saying that they were too busy rinsing champagne off £50 notes from last nights "We're In The Money!" party.

opinions4u

milesoneill wrote: »

But those of use who have agreed overdrafts with them will now suffer the financial burden - that's what you get for being a loyal customer.

That's what you get when money saving sites encourage hundreds of thousands of people over a number of years to argue that the way of weighting bank charges towards unauthorised lending is worthy of refunds.

And when, despite court judgements in favour of banks, Government pressure via the OFT requests that banks charge those in unauthorised overdraft less.

In summary, they've shifted the charges to you because the Government told them they couldn't charge somebody else as much as they wanted to.