How will reclaiming bank charges impact banking discussion

rjm2k1

1 post Troll?

krisskross

ripoffbritain wrote: »

Its about time all us unsatisfied bank customers demand that we are paid cash again and bypass the banks, after all without us they have no business.
This stops all the bank charges and gives you better control over your money and teach people how to budget there money, which is so easily overlooked when it is easy to write a cheque to cover shortfalls etc.

So come on people lets all pull together and give the banks a thing to worry about.

Have your money paid into a SAVINGS account. I have one with Halifax that also has a cashcard, a sort code and account number. Draw your money out as required to pay bills or for general living. no possibility of going overdrawn, therefore no bank charges. No chance of helping yourself to the bank's money either when you are a bit short but you can't have it all your own way.

hawkesjw

Last week I watched Martin on a TV news programme in
conversation with a Clearing Bank spokesperson concerning
overdraft charges. Whilst I have no particular sympathy or
regard for rich, powerful financial multi-nationals, and think
their charges for unauthorised overdrafts are exhorbitant, I
have to say I was surprised by Martin's tone in 'defending'
those that had incurred them and found the Bank's argument
logical.
An overdraft is just a loan like any other (enabling the
spending of money you don't have at that particular time) and
should be charged as such. No one is forced into the situation
of taking one out or incurring the consequent charges.
To listen to Martin, those that do are poor, innocent victims.
They have no control over getting into such situations, they
don't realise that when they do they will be charged, or else,
they have simply been coerced into them by the Banks. If you
don't want to be hit by unauthorised overdraft charges, take
out a loan or arrange an authorised overdraft.
Isn't the whole brouhaha over such charges symptomatic of an
irresponsible society that deliberately lives above its means
and then whinges childishly and blames others when the
reckoning occurs? It wants something for nothing and moans when
it can't have it.
My personal concern as someone who does live within my means
and takes some effort to manage my finances, is that if the
Banks are forced by this campaign to give free overdrafts to
the financially irresponsible, I will be charged for my current
account and the money transfer facilities that go with it. I
deposit money and remain in credit with the Bank, and they
provide me with a certain range of Banking facitities. Anything
else I pay for. If I don't have the money or credit, I don't
get the facilities.There is 'owt for nowt'.

Newstart_4

personaly i have no problem with being stung for the 38 quid, afterall i knew it would happen if i went over drawn when i opened my account,

but when i opened my account a few years ago, i didnt know that it might be unlawfull for them to be doing it, IF it is unlawfull then i have everyright to ask for the money back,

remeber this isnt about "we think these fees are too much" its not fair. i cant afford it or anything else.
its about the possability that the charges are being applied illegaly.

Newstart_4

also i didnt have the option of saying i think this "contract is unfair" and asking them to write it a little more favourably, so i guess it was reasonable of me to assume that what i signed up for was at least LEGAL and above board.

afterall i should be able to trust a bank to be operating within the law.

fackingspiders

I thought that the charges had to be proportion to the COST of the bank administering the returned payment. If it costs £4 to administer the returned payment, is it then fair that the bank charge £38? Simply, the answer is no. If the charges are all above board, why has it taken this long for the banks to stand up rather than paying out left, right and centre? It would be the bank's greed rather than other consumers you should be pointing your fingers at if you have to pay for banking. If everything was laid out crystal clear and transparent from the off, we would not be here now.

Phaelok

Hi all,
After reading a lot of these posts concerning the process involved to reclaim bank charges, I wanted clarification as to how you call these charges 'unfair'. Do the bank clearly publicise their charges? Do you accept the responsibility of ensuring you have adequate funds in the account to cover payment of direct debits, cheques, standing orders and so forth? Why should the bank refund people who are irresponsible with their money?

Sorry about writing the above, but sick and tired of hearing people saying 'the bank don't help me etc' - help yourself and manage your money more effectively and dont have payments set up on your account which you cant afford to pay.

Sheesh

Phaelok

Hopefully the court will realise that your at fault and throw out the case. Why should they refund charges for people that have been irresponsible with their money?

debtfree27thmay

Phaelok, you obviously don't agree with people claiming back charges, so why do you feel the need to post useless comments? I suggest you leave this forum and go somewhere else.

Phaelok

Useless comments? explain to me your right to claim back charges, as with most people on this forum, when the bank has not made an error and it has to refund people who have been irresponsible with their money?