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800,000% overdrafts
Comments
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Bank charges for unauthorised borrowing are admittedly quite high.
An understatement dont you think. There isnt any middle ground here. Its either at loan shark levels and methods or it is not, so dont try to downplay it by trying to say their is a moderate position on this matter.
I will be searching through your backposts as well to see where you are coming from. So far this thread is crawling with bank employees (two admitted it so far) or people who when you search their back posting have unusual amounts of insight that are indicative of either working in the finance system or being part of group, family etc who are.That said people can easily find out what these charges are before they go into the red. Unauthorised borrowing is effectively borrowing money without asking which comes at a price. If you go overdrawn once in a blue moon the bank will normally waive the charge as a good will gesture.
Read that as its more worth their while to keep you around and nail you for the big kills.Anyone can walk into their branch and ask what the overdraft charges are, the banks offer a service - take it or leave it.
Sure, but what they cant figure is every situation where there can be an error, how that works, how they know about it, and how not to end up financially destroyed over it.
The banks monopolize a basic facility everybody now needs to survive. You cant run a life without direct debit anymore and buying goods is increasingly impossible without cash. The slightest error and the poorest end up financially destroyed. There has to be a peoples bank of some kind for this. The current situation is just outrageous.As far as I am concerned banks can charge what they like so long as they make these charges are available to customers beforehand.
that says quite a lot about where you are at.People always want something for nothing.
That was in coherent in the sentence you put that in. I think you have it the other way around. Its the bankers that want something for nothing.
For setting up and managing little more than a super-size staffed accounting system, they pay themselves enough wages to build a school, but instead spend it on self glorifying tittle tattle. While professionals with IQ and creativity that eclipse these people work their lives trying to research and battle against diseases and increase our lifespan barely manage to get by.Why single out the banks.
Singling out the banks because the mobile phone companies are not causing a world wide recession.What about the astronomical mark up on mobile phones and other goods, why is nobody complaining about this?.
They are..0 -
Yes and you are extremely biased, coming on here, supporting the banks with your huge bonuses you clearly get working behind the counter.....
Two things - i don't work behind the counter, and my bonus is none of anyones business. I get paid a bonus on my performance, if i don't perform, no bonus. Same as many businesses these days.
I support the banks because they are businesses, not charities, and if people used them correctly there would be no need for them to come on forums like this one bleating about how they've been "ripped off". If you don't like what your bank charges, then find another one. It's not rocket science.0 -
Two things - i don't work behind the counter, and my bonus is none of anyones business. I get paid a bonus on my performance, if i don't perform, no bonus. Same as many businesses these days.
I support the banks because they are businesses, not charities, and if people used them correctly there would be no need for them to come on forums like this one bleating about how they've been "ripped off". If you don't like what your bank charges, then find another one. It's not rocket science.
I was being sarcastic....
(most of the bank employees I know on here are those branch level, not senior investment management level!)0 -
its all tends to be along the lines of its your fault, this is the way it is etc etc... so the question is why are they here, considering the forum motto see above is . "cutting your costs, fighting your corner" ?
Because there's a big difference being overcharged when you weren't told and being charged lots when you were told.
I am all for bank charges, I know the charging structure for all my banks. It doesn't take a rocket scientist. I have no sympathy for those that get charges and get angry.
And you'll find my posting history gives lots of useless advice, and every now and again a little rant
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Two things - i don't work behind the counter, and my bonus is none of anyones business. I get paid a bonus on my performance, if i don't perform, no bonus. Same as many businesses these days.
So do you get bonuses on bank charges and overdraft fees ?I support the banks because they are businesses, not charities, and if people used them correctly there would be no need for them to come on forums like this one bleating about how they've been "ripped off". If you don't like what your bank charges, then find another one. It's not rocket science.
It is a rippoff. Everybody knows it. All the press are on it. The entire public thinks so. Ombudsman, The supreme court judge thinks so (see his notes) but he got tied up by your lawyers tricks.
So if our own legal institutions and watchdogs cannot beat your lawyers tricks what chance does the average person have of figuring out every configuration and loophole in your ever shifting complex small print ? Remember the majority of cases here are due to errors and misinformation, alterations and a system that is basically full of traps. They dont have overdrafts.
We always knew some banks could be a little shady, and took our 20 quid hits now and again. Now your average person with no arranged loans can end up whacked for thousands over little errors in a cartel system they are forced into as basic survival services demand direct debit to be signed. And you have the veracity to come on here and justify these ripoffs in those circumstances ?
Of course you do. like every snake in a suit you feel absolutely no guilt whatsoever.0 -
It is a rippoff. Everybody knows it. All the press are on it. The entire public thinks so. Ombudsman, The supreme court judge thinks so (see his notes) but he got tied up by your lawyers tricks.
But the charge isn't compulsory. You can quite easily run a bank account without these problems. It's called budgeting.
It's like complaining about the high charges of a parking ticket after you've parked on double yellow lines.
Or speeding fines when you've been speeding.0 -
Lanza,
Many on here have tried to give salient and helpful feedback or advice, only to be rebuffed in quite a belligerent manner when their opinions do not exactly accord with your own.
I hope that you are able to get the help you need; in life and in your banking issues. Having a go at others rarely assists either objective.0
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