why banks forse clients to use overdraft...?

olly300

vaporate wrote: »

Obviously your too stupid to see my point...

It's banks not giving overdrafts in the first place...not how you handle your money. Moreover, not giving overdrafts to people who do not want them. As evident by OP reason for thread.

The OP doesn't have to have an overdraft on their current account i.e. if they have a basic bank account.

However if they pay buy something via the bank account using a cheque or debit card, and don't have sufficient funds then the bank has a right to charge them for paying that person/business.

Or do you think it's fair that businesses particularly small ones and tradesmen should suffer because some people can't control their spending?

vaporate

olly300 wrote: »

The OP doesn't have to have an overdraft on their current account i.e. if they have a basic bank account.

However if they pay buy something via the bank account using a cheque or debit card, and don't have sufficient funds then the bank has a right to charge them for paying that person/business.

Or do you think it's fair that businesses particularly small ones and tradesmen should suffer because some people can't control their spending?[/QUOTE]

My argument is that people who do not want a overdraft facility should be allowed to have that right when opening the account, along with later down the line. On a full, normal current account, not basic account

As for people who get in debt by greed, I agree with you.

Small business also get in debt by the way, cough business loan, business overdrafts etc.

Olipro

vaporate wrote: »

Obviously your too stupid to see my point...

It's banks not giving overdrafts in the first place...not how you handle your money. Moreover, not giving overdrafts to people who do not want them. As evident by OP reason for thread.

Moreover, my overdraft limit facility is £50 interest free lol. Plus not in it. Barking up wrong tree.

"you're not "your"... it's tempting to now call you stupid but I'll avoid that.

Evidently your paradigm regarding overdrafts differs; whether the overdraft is pre-arranged or "unauthorised" it is still an overdraft

More to the point, it is also written in the terms of the account how and how much you will be charged if you use an unauthorised overdraft.

My point stands.

vaporate

[QUOTE=Olipro;38528548]"you're not "your"... it's tempting to now call you stupid but I'll avoid that.

Evidently your paradigm regarding overdrafts differs; whether the overdraft is pre-arranged or "unauthorised" it is still an overdraft

More to the point, it is also written in the terms of the account how and how much you will be charged if you use an unauthorised overdraft.

My point stands.[/QUOTE]

Moron, still don't get my point do you?

Read above because I'm not typing it again.

*Spelling, like I give a 'schit' on here.

Olipro

vaporate wrote: »

Moron, still don't get my point do you?

Read above because I'm not typing it again.

*Spelling, like I give a 'schit' on here.

pot. kettle. black.

vaporate

Olipro wrote: »

pot. kettle. black.

Thick.:rotfl:

Banks shouldn't allow people to go overdrawn, It's just a trick to squeeze money out of you. You know, funds go below 0 is blocked at clients request... does that compute?

Full moon tonight is it lol.

AnonymousForObviousReason

Olipro / vaporate - congratulations you both win an internet. Now shake hands and say you'll be friends .

nearlyrich

Guys remember to be nice to other moneysavers other opinions exist be grown up enough to accept this please....

ChiefGrasscutter

I understand that in France if you write a cheque etc whatever that would make your account overdrawn then that is treated as a serious criminal offence.
I have heard of tales of unsuspecting UK residents who go over there and expect to treat their French bank account with the same cavalier fashion some over here do - and receive a rather unpleasant suprise.

olly300

vaporate wrote: »

olly300 wrote: »

The OP doesn't have to have an overdraft on their current account i.e. if they have a basic bank account.

However if they pay buy something via the bank account using a cheque or debit card, and don't have sufficient funds then the bank has a right to charge them for paying that person/business.

Or do you think it's fair that businesses particularly small ones and tradesmen should suffer because some people can't control their spending?

My argument is that people who do not want a overdraft facility should be allowed to have that right when opening the account, along with later down the line. On a full, normal current account, not basic account

As for people who get in debt by greed, I agree with you.

Small business also get in debt by the way, cough business loan, business overdrafts etc.

Banking for businesses isn't free even sometimes when they are in credit. Banking for consumers is.

If you don't want an overdraft on a current account fine but if you go overdrawn the bank can decide whether or not they will pay the person/business who you tried not to pay.

BTW I have 2 current accounts with no overdraft on them but I have an emergency amount in them which I never spend below so I know I can't get bank charges from.

If you want the banks to not pay people/business when there are no funds in a current account then the law needs to be changed like to that in the states where is a criminal offence to write bad cheques. That way everyone will be protected.