Co-Op getting annoyed with refunds...?

oldwiring

kenshaz wrote:

If they commence weeding on the basis of those who claimed refunds ,it will leak out and then watch the fireworks.

As any business can choose with whom it chooses to do or not to have a relationshio with without giving a reason, that will be hard to prove. No doubt, if pressed, the conduct of the account will be cited as a reason. What may be bandied around is urban myth hear-say, and statements from those who want to elicit sympathy for their own misbehaviour.

kenshaz

oldwiring wrote:

As any business can choose with whom it chooses to do or not to have a relationshio with without giving a reason, that will be hard to prove. No doubt, if pressed, the conduct of the account will be cited as a reason. What may be bandied around is urban myth hear-say, and statements from those who want to elicit sympathy for their own misbehaviour.

That is why we have regulator and a justice system,it would be an extremely dangerous route for banks to follow,whistle blowers,journalists,wonderful programme for a documentary.Banks target customers who received refunds,a leaked email or memo,a policy like that would never happen in our banking system.I wonder if you watched the programme when the cameras where outside RBS headquarters.

krisskross

Surely everyone who has been succesful in claiming back bank charges and keeping their bank account will be thanking their lucky stars and vowing that they will never be in that position again. Therefore if the accounts are maintained in a credit balance then there is no reason for the banks to close accounts.

However should the bank have reason to suppose that the account will not be maintained in accordance with their T&Cs then I would consider that they are within their rights to not want such a customer. Businesses are allowed to choose who they deal with.

Tootsie_Roll

krisskross wrote:

Surely everyone who has been succesful in claiming back bank charges and keeping their bank account will be thanking their lucky stars and vowing that they will never be in that position again. Therefore if the accounts are maintained in a credit balance then there is no reason for the banks to close accounts.

However should the bank have reason to suppose that the account will not be maintained in accordance with their T&Cs then I would consider that they are within their rights to not want such a customer. Businesses are allowed to choose who they deal with.

That's what you would think, however those of us that are more experienced(some would say cynical) know that most of these charges have been as a result of poor financial management so the pattern will almost certainly be repeated.

I am amazed that kenshaz thinks the regulator and law system will have any influence over who the banks choose as their customer.

oldwiring

Tootsie_Roll wrote:

I am amazed that kenshaz thinks the regulator and law system will have any influence over who the banks choose as their customer.

Bank review of an account:
" He's a regulator; let's send him a thrirty day letter to close his account, Ha ha."

dchurch24

MarkyMarkD wrote:

I really think that you don't have a clue in suggesting this, dchurch.

People who are poor and can't live on their income (or, more often, choose not to live on their income - but that's a different debate) are going to borrow money from somewhere.

If the banks don't lend it to marginal customers - albeit at higher rates of interest - such customers will borrow outside the mainstream, from second-tier or backstreet lenders whose rates of interest are far higher and whose recovery methods leave a lot to be desired.

If you think this will make poorer people better off, I think you are deluded.

You do have a valid point.

kenshaz

oldwiring wrote:

Bank review of an account:
" He's a regulator; let's send him a thrirty day letter to close his account, Ha ha."

dchurch24

Tootsie_Roll wrote:

That's what you would think, however those of us that are more experienced(some would say cynical) know that most of these charges have been as a result of poor financial management so the pattern will almost certainly be repeated.

I am amazed that kenshaz thinks the regulator and law system will have any influence over who the banks choose as their customer.

I can't vouch for everybody, but when I got my charges back, they paid off my debts and I haven't had a single charge since.

furndire

Just a thought, if its a DD tipping over every month, can't you change the date of the direct debit to a week later ???????????

oldwiring

Bank review of an account:
" He's a regulator; let's send him a thrirty day letter to close his account, Ha ha."

kenshaz wrote:

Kenshaz, it's my off-beat humour. Use your imagination; the regulator has been nasty to the banks and they want their own back. I'll have to keep it simple, or perhaps everyting has to be too deadly serious on MSE