obtaining credit - insanity

dlk

The_White_Horse wrote: »

I think you will find they GAVE me the money. if there was inadequate funds in the account to process the payment, they should have simply declined to pay it. No one asked them to pay the amount for me. Decline it.

"No-one asked them to pay the amount for me" Yes they did, you did!!! You made a payment so how are they supposed to know you didn't want it to be paid?!

Having said that certain payments will be treated differently depending on what has taken you overdrawn.

1. Direct debit - if this is the case there would be a £25 returns fee as well as the inconvenience of having to arrange alternative payment method if they declined it.

2. Cash Withdrawal - If taking you overdrawn by £10 or less the bank have an obligation to allow this withdrawal. Even if you only have 1p in the account the cash machine have only £10 or higher notes therefore will allow you to make the withdrawal to allow you access to your penny.

3. A debit card transaction I'd have a bit more sympathy with the argument that you should be able to assume that would be declined if you didn't have the funds and 99% of the time that is the case. However I will agree that very occasionally these will still get through. Having said that, I'm sure if peoples card were being declined in shops for only a few pence there'd be 20 threads on here moaning about banks declining card so they can't win really.

The_White_Horse

The point is - for the hundreth time - the overcharge fee is irrelevant. I have been a customer with that bank for many years - I have a lot of savings in that bank - i pay a lot into that bank every month. I went £4.00 and 37p over for no more than 24 hours. In that situation, I should either be pre-approved for a further loan or pre- not approved, so that when I say "can I have an extra 100 buffer zone" - or even a tenner would have been sufficient - they just say "yes you can" or "no you can't". either would be fine. However, speaking to one person for the best part of 7 or 8 minutes, only to be moved to someone else to have the same conversation again is pointless, a waste of time and a waste of money. where are they getting the money to pay these people? probably from fees!

this is the sort of imbecillic practice i would expect from the public sector who like to create extra work and inefficiencies - not a private sector company. no wonder their shares fell 5% yesterday!!!!!!!!

robin_banks

The_White_Horse wrote: »

The point is - for the hundreth time - the overcharge fee is irrelevant. I have been a customer with that bank for many years - I have a lot of savings in that bank - i pay a lot into that bank every month. I went £4.00 and 37p over for no more than 24 hours. In that situation, I should either be pre-approved for a further loan or pre- not approved, so that when I say "can I have an extra 100 buffer zone" - or even a tenner would have been sufficient - they just say "yes you can" or "no you can't". either would be fine. However, speaking to one person for the best part of 7 or 8 minutes, only to be moved to someone else to have the same conversation again is pointless, a waste of time and a waste of money. where are they getting the money to pay these people? probably from fees!

this is the sort of imbecillic practice i would expect from the public sector who like to create extra work and inefficiencies - not a private sector company. no wonder their shares fell 5% yesterday!!!!!!!!

Would you agree that someone with the level of savings you have going overdrawn in breach of your T&C's is an imbecile ?.

As an aside how much is this thread costing your employer ?.

lemonjelly

robin_banks wrote: »

Would you agree that you're an imbecile ?.

As an aside how much is this thread costing your employer ?.

Fixed it for you...;)

PS the poster who made the credit union crack, HILARIOUS!:D

The_White_Horse

robin_banks wrote: »

Would you agree that someone with the level of savings you have going overdrawn in breach of your T&C's is an imbecile ?.

As an aside how much is this thread costing your employer ?.

no i wouldn't agree. if you had the full facts, you would not either. but then, why let facts get in the way.

its irrelevent to this thread as i am my own employer - and doing this is costing me nothing. in fact, it helps me unwind, so is probably worthwhile.

for such a simple thread, making such a simple point - it is amazing how many people have (a) failed to grasp the concept - not being able to get past the overcharge fee being incurred in the first place and (b) that most people do not think that the bank's working practice is idiotic.

if you went to a restaurant, were told the specials, and then were asked for your order, only at the end for the waiter to say "and now, i will pass you to another waiter for him to take your order again" you would think that was stupid. this is the same.

anyone who cannot see that is a lefty, and imbecile, or both.

nicko33

The_White_Horse wrote: »

The point is - for the hundreth time
...
to have the same conversation again is pointless

ahh, your point is that this thread is pointless because it's you saying the same thing over and over again :T

robin_banks

The_White_Horse wrote: »

no i wouldn't agree. if you had the full facts, you would not either. but then, why let facts get in the way.

its irrelevent to this thread as i am my own employer - and doing this is costing me nothing. in fact, it helps me unwind, so is probably worthwhile.

for such a simple thread, making such a simple point - it is amazing how many people have (a) failed to grasp the concept - not being able to get past the overcharge fee being incurred in the first place and (b) that most people do not think that the bank's working practice is idiotic.

if you went to a restaurant, were told the specials, and then were asked for your order, only at the end for the waiter to say "and now, i will pass you to another waiter for him to take your order again" you would think that was stupid. this is the same.

anyone who cannot see that is a lefty, and imbecile, or both.

This thread is helping you unwind ?.

Being self employed you more than most should realise time is money.

Nikel

The_White_Horse wrote: »

it is amazing ...... (b) that most people do not think that the bank's working practice is idiotic

15min interview for an overdraft for someone who went overdrawn several times....isnt idiotic. Its prudent.

The_White_Horse

Coopdivi wrote: »

What about a Credit Union?

http://www.abcul.org/home

Then you can tell everybody you're in a union :T

This is hilarious. But actually, it is quite helpful as they don't charge fees. they simply charge 95p a week. so, lets say 4 quid a month. which is roughly 48 quid a year. is it worth it? if I am charged one fee or so a year, i am actually better off where I am.

interesting though.

The_White_Horse

robin_banks wrote: »

This thread is helping you unwind ?.

Being self employed you more than most should realise time is money.

this does help me unwind. its cathartic.