How will reclaiming bank charges impact banking discussion

Graham_Devon

lindilou39 wrote: »

Thing is...IF banks say they are charging fairly then why does each bank differ??? i.e it costs a customer £25 say for a returned DD then a diff bank for the same reason charges £39??? If charges are fair then why do they differ from bank to bank? The true cost ...is the price it actually costs to print that letter and send it off amongst an admin charge and as we all know the banks use minimum wage earners to spew these things out...just because one bank uses basic equipement and another uses the top range of product should not reflect back on the customer.

Why does the price of tinned baked beans differ at sainsburys and tescos?!

Tanz, you say you do want to protect yourself. How many Direct Debits do you have coming out of your account per month?

TANZARELLI

Thats my business and I understand what your arguement is before you have even made it so it is pointless to say.

lindilou39

Graham_Devon wrote: »

Why does the price of tinned baked beans differ at sainsburys and tescos?!

Tanz, you say you do want to protect yourself. How many Direct Debits do you have coming out of your account per month?

you are talking supermarkets not banks and charging structures, if banks claim that the charges are fair the why do they differ....taking into account the creditcard regime of charging only £12 and this is for every credit card company, then why is there not a standard fee for all banks to follow if it is the true cost to the bank without profit? Good afternoon to you Graham

Graham_Devon

lindilou39 wrote: »

you are talking supermarkets not banks and charging structures, if banks claim that the charges are fair the why do they differ....taking into account the creditcard regime of charging only £12 and this is for every credit card company, then why is there not a standard fee for all banks to follow if it is the true cost to the bank without profit? Good afternoon to you Graham

Good Afternoon

There probably will be a standard fee in this shake up. It's just not got there yet.

But it's the same with everything. Why are all ISP suppliers not the same price. Why are not all DVD rentals the same price? Why do electric companies all charge differently?

Tanz. You said you want to help yourself. As soon as I ask you a question you say you know where I'm going and tell me where to go. So much for wanting to help yourself. I could have you never get a charge again, but your simply not interested just like the rest.

lindilou39

I have found Nationwide online banking excellent....Lloydstsb was crap to say the least....if you have an o/d with nationwide and you wanna make a payment transfer for a bill and to be honest with nationwide they literally list every company known to man you can do this effectively and and it actually takes you back to your statement page and deducts the mount there and then....the only purchases not to list immediately are those done by cheque, but I always write in me stubby who to when paid and what for so i dont go amiss

Dragonlady_2

adam_NI wrote: »

i would disagree that you've saved me any money on this front!
i've had a bank account with halifax since i was 17, this includes my crazy student years, and i have never been charged! now thanks to what i believe the incorrect 'claiming back of charges', i will be at loss when surely all banks follow suit to First Direct and will introduce a monthly fee!
its just typical of British economics, you work hard and seem to be worst off! i would believe a visit to the cinema is a rip-off, but i dont claim the cost back because i think it was unfair!

the bottom line is this "dont spend beyond your means!". you shouldnt expect the bank to run your account for you, you avail of a free banking service and facilities, the bank is not a charity, therefore if you spend what isnt yours you should be charged!!
there are 1000's of people who pay no attention to their balance, and because of essentially nothing other than lazyness, they continue to receive charges! i certainly agree charges are high, but surely someone else but me can see if you were charged a few times, you'd catch yourself on, manage your money better, rather than continue to ignore the problem!

i would love to hear anyone's comments on this, everyone is entitled to their opinions on any matter! but i dont look forward to my monthly banking charge thanks to all you lazy people!!1

Some of us are not lazy people, but circumstances put us in a certain postion. i object to your comment regarding this.

Now a few facts about 'free banking' There NEVER is free banking. Someone pays for it.

If you look at overseas and how banking is conducted. Payments are transferred immediately, cheques cleared overnight and at what cost? Happily paid for by a monthly charge of a few dollars and no fear of being hit with penalty charges. Oh the other thing CREDITS processed first and Debits processed last. I used to woinder how people racked up penalty charges, and then when it happened to us and the donmino effect it had, it has been a hard twelve months to get our lives back on track. You need to walk in my shoes for a week to understand. now I spend my time helping others regain control of their finances and get their lives back in order, perhaps you could do the same.

Do not assume people are lazy and bring it on themselves.

lindilou39

Graham_Devon wrote: »

Good Afternoon

There probably will be a standard fee in this shake up. It's just not got there yet.

But it's the same with everything. Why are all ISP suppliers not the same price. Why are not all DVD rentals the same price? Why do electric companies all charge differently?

Tanz. You said you want to help yourself. As soon as I ask you a question you say you know where I'm going and tell me where to go. So much for wanting to help yourself. I could have you never get a charge again, but your simply not interested just like the rest.

because they are consumer goods Graham and to be honest are allowed to make that profit, its u as a consumer who can choose to buy a product at that price, then probably kick your shins and think...wish I,d gone there instead...but that is material consumer products and not bank charges.

Dragonlady_2

Graham_Devon wrote: »

Good Afternoon

There probably will be a standard fee in this shake up. It's just not got there yet.

But it's the same with everything. Why are all ISP suppliers not the same price. Why are not all DVD rentals the same price? Why do electric companies all charge differently?

Tanz. You said you want to help yourself. As soon as I ask you a question you say you know where I'm going and tell me where to go. So much for wanting to help yourself. I could have you never get a charge again, but your simply not interested just like the rest.

I think you should check your facts regarding Tanz. I know differently to what you are implying and he/she is is very interested. Do not make a sweeping statement you cannot back with evidence.

Graham_Devon

lindilou39 wrote: »

because they are consumer goods Graham and to be honest are allowed to make that profit, its u as a consumer who can choose to buy a product at that price, then probably kick your shins and think...wish I,d gone there instead...but that is material consumer products and not bank charges.

Banks are allowed to make a profit.

It's up to you whether to stop yourself getting charged by your bank or not.

When you do you'll probably kick yourself in the shins too and say 'wish I'd protected myself'.

There is absolutely no difference in analogys, both are profit making organisations which give services and goods to the customer.

Try filling up with petrol at a tesco forecourt, then drive off. You'll see that you will possibly get charged 1 for the goods and 2 a fine.

Try taking money not authorised from the bank and you will see that you get charged.

Graham_Devon

Dragonlady wrote: »

I think you should check your facts regarding Tanz. I know differently to what you are implying and he/she is is very interested. Do not make a sweeping statement you cannot back with evidence.

Yes I know he wants to help himself by getting charges back.

I have offered help to stop them in the first place and look at the response you get.

Is that not evidence!? Best not to jump into threads when you dont know the full facts isnt it