800,000% overdrafts

Turtle

I've wasted some of my life that I'll never get back reading your drivel.

Stop using words repeatedly like 'scam', 'ratchet' and 'sociopathic' as you sound like a broken record (and an idiot).

Have you ever considered the fact that there are many people happy that their bank has allowed them to go overdrawn? You know, those who might be stuck on a train platform somewhere for example and are able to buy a ticket to get home? Heaven forbid it couldn't possibly be a bank extending a service to allow this?

samjef11_2

Turtle wrote: »

I've wasted some of my life that I'll never get back reading your drivel.

Stop using words repeatedly like 'scam', 'ratchet' and 'sociopathic' as you sound like a broken record (and an idiot).

Have you ever considered the fact that there are many people happy that their bank has allowed them to go overdrawn? You know, those who might be stuck on a train platform somewhere for example and are able to buy a ticket to get home? Heaven forbid it couldn't possibly be a bank extending a service to allow this?

Yes when you are in stranded and have no cash on you what are you gonna do not go overdrawn because the bank will charge you a fee?? i rather get charged fee for going overdrawn than being stuck with !!!!!! all.

tagq2

To risk stirring the pot, there's a difference between (i) "free" current accounts with occasional nasty overdraft charges which are unpalatable but manageable and (ii) £100s of snowballed charges when service should have stopped and the account passed to debt collection ages ago. In the case of people with mental health difficulties which affect ability to manage finances, (ii) is more likely.

samjef11_2

tagq2 wrote: »

To risk stirring the pot, there's a difference between (i) "free" current accounts with occasional nasty overdraft charges which are unpalatable but manageable and (ii) £100s of snowballed charges when service should have stopped and the account passed to debt collection ages ago. In the case of people with mental health difficulties which affect ability to manage finances, (ii) is more likely.

Yes and also how bad the condition is wherever or not the account should be managed by a trustee or a social worker or a friend' or family

lanza

Turtle wrote: »

I've wasted some of my life that I'll never get back reading your drivel.

Stop using words repeatedly like 'scam', 'ratchet' and 'sociopathic' as you sound like a broken record (and an idiot).

Have you ever considered the fact that there are many people happy that their bank has allowed them to go overdrawn? You know, those who might be stuck on a train platform somewhere for example and are able to buy a ticket to get home? Heaven forbid it couldn't possibly be a bank extending a service to allow this?

nice move, but you just contradicted the whole tenet of the it isn't a scam deniers who are flooding these forums (strangely)...

Remember we are all supposed to be so organized that we never, ever end up in such a disorganized situation as to make such an error as you point out. We should always have a fully comprehensive plan for every situation in life and are fully to blame for any outlandish punishment for breaking this golden covenant.

I guess you just slipped up. You have let your side of crooks down.

Of course for such an error you should of course submit with complete humility to an 800,000% charge until we see fit as to when that punishment should be lifted.

JuicyJesus

lanza wrote: »

Remember we are all supposed to be so organized that we never, ever end up in such a disorganized situation as to make such an error as you point out. We should always have a fully comprehensive plan for every situation in life and are fully to blame for any outlandish punishment for breaking this golden covenant.

He didn't mention an error. He mentioned a deliberate choice.

If there is a reason to go into unauthorised overdraft, doing it through deliberate choice in full knowledge of the consequences and charges seems fair enough.

samjef11_2

JuicyJesus wrote: »

He didn't mention an error. He mentioned a deliberate choice.

If there is a reason to go into unauthorised overdraft, doing it through deliberate choice in full knowledge of the consequences and charges seems fair enough.

And in breach of the bank account terms and condition's.

lanza

samjef11 wrote: »

Yes when you are in stranded and have no cash on you what are you gonna do not go overdrawn because the bank will charge you a fee?? i rather get charged fee for going overdrawn than being stuck with !!!!!! all.

You need an overdraft facility in the first place for that to even happen.

Overdraft is only a fraction of what this issue is about. Refer to the OP of this post. When they say 800,000% it means anything. all the myriad of bank errors and problems that they find a way to put you in the red for (even if they dont actually pay a bill), and then start snowballing charges, by the time you know its happened its into hundreds. For those who cant pay that, its then into thousands over nothing.

This is what this issue is about. If people have overdrafts they have only themselves to blame to some degree at least. I never ever arrange overdrafts and have lots of accounts with all kinds of funds for emergency situations. Especially when traveling. I have transfer situations arranged with friends, carry cash and various cards in several secret locations some on my person, some with other people.

If i took an overdraft i would know i was entering into a sharks den and read the small print seven times. This is not about that.

People like to pile into threads, not read them properly take on presumptions dump their crap and run. Its the new sport to relieve stress after a hard day. Hence some posts are so cleverly setup to inflame. Aint going to work on me, lived too long, seen and done too much. lived long enough to develop a decent moral compass, which many of the current log on and forget you are talking to human being with a complex life you can never comprehend over the Internet generation lack.

So let me ask you or anybody else here...what do you think this thread is about ?

samjef11_2

lanza wrote: »

So let me ask you or anybody else here...what do you think this thread is about ?

Is is about to locking this thread as clearly what are we achieving by posting reply s??? so i think i will get a mod to put an end to this story as clearly there will be no happy ever after lol

lanza

JuicyJesus wrote: »

He didn't mention an error. He mentioned a deliberate choice.

If there is a reason to go into unauthorised overdraft, doing it through deliberate choice in full knowledge of the consequences and charges seems fair enough.

although the overdraft fees are now at loan shark level the issue here is about having that same system imposed on you for bank errors, slip-ups on a non overdraft account, which is happening to many thousands of people every day in the UK.

The bank never needs to overdraw you, if you dont have an overdraft arranged. That should be a decision. i.e. The cashpoint could give you an option, do you want to arrange an instant overdraft.

This is about the bank plastering snowball charges (not telling you) over errors and trifles, or putting you in the red when you have given them no green light to do so.