Happy about the bank charges !

Mishomeister

The reason of the banks accounts being free in the UK is that the banks charge a high charges for unauthorised overdraft.

I had a customer, complaining about an overdraft charge of £25.
WHEN i've looked in to his account, I've found out that he has drawn the money from his already overdrawn acccount, which has therefore generated the charge. I have pointed it out to him and asked him, why didn't he check his balance before making a withdrawal as it would only take him an extra ninute to do so.
He has replied, that he didn't have that minute and being late to work by a minute would mean he has lost his half an hour wages, when i have queried if he earns £25 in a half an hour, he didn't have what to response on that.

I am really happy I can have a free account, even if it causing an idiots like that to pay hundreds.

What are you opinion on thi, guys?


PS
If you like my post, please thank me.

Lith

I think paying for a bank account is absurd.... really think about it.

whats the difference in a 'classic account' and a 'premier account' ? just a few fancy benefits insurance and a special number to phone so you dont have to wait... (please.. thats just insulting) they all do the same thing the account and all come with a debit card why bother?

whats the world coming to? oh wait...

Anyway thats why when people open accounts some do request an overdraft so the account won't be closed. people who have accounts and never intend to use them and no overdraft can be closed easily with out question.

and i like ya 'post' :P

Mishomeister

:)The thing is that the people in Finland for example pay a fee for the accounts wit no added benefit at all. In the UK the people who can't be bothered to check their balance before withdrawal, pay for everyone elses free banking.

scottishblondie

In Norway a free account is rare, and they don't have additional benefits. They just charge you for handling your money!

Lith

scottishblondie wrote: »

In Norway a free account is rare, and they don't have additional benefits. They just charge you for handling your money!

lol, Thats disgusting that.

What if you get a free account there and never use it as much as they hope? will they CLOSE ASAP?

Lokolo

Lith wrote: »

lol, Thats disgusting that.

What if you get a free account there and never use it as much as they hope? will they CLOSE ASAP?

Free accounts is only the norm in the UK, most European countries charge if you want a current account, as they are providing a service.

Lith

Lokolo wrote: »

Free accounts is only the norm in the UK, most European countries charge if you want a current account, as they are providing a service.

Didn't know that, in Asia tho you can get free accounts in europe they charge? and uk is free (we all know that)


Weird

I, know they provide a service but still...

simax

Lith wrote: »

I think paying for a bank account is absurd.... really think about it.

whats the difference in a 'classic account' and a 'premier account' ? just a few fancy benefits insurance and a special number to phone so you dont have to wait...

Actually I have a silver account... and I'd defy you to find somewhere that will insure my iPhone (properly), provide AA cover, card protection and Europe-wide travel insurance for £7.95 a month? Vodafone want £12.99 a month for iPhone insurance alone.

So please tell me, why this is "absurd". No, please do....

Lith

simax wrote: »

Actually I have a silver account... and I'd defy you to find somewhere that will insure my iPhone (properly), provide AA cover, card protection and Europe-wide travel insurance for £7.95 a month? Vodafone want £12.99 a month for iPhone insurance alone.

So please tell me, why this is "absurd". No, please do....

Im not on about that,

im on about

free account and a paid account do the SAME thing.

if you really what insurance benefits etc then yea go for it pay but some people out there pay for accounts and really dont benefit from the advantages.

defy me? what is this a sword battle ?


Also a side note never use Vodafone anyway to get insurance trust me had a bad experience with them in the past.

ChiefGrasscutter

Today's announcement that retail and investment banking are to be ringfenced is, in my opinion, likely to result in charges being levied on all bank accounts in the UK - just as a previous poster has stated they have been in Europe for some time.

It will become much more transparent....you want a bank account, you want the bank to provide you with a service of managing/logging your receipts and debits: you pay an annual charge for this service- simple.

kevin52

I give my money to the bank and they then use this to provide loans to customers or finance their business in other ways. Not only should it be free they should be paying me.