Well annoyed, banks are crap. Have they screwed over my little sister? Is this fair!?

JuicyJesus

Thrugelmir wrote: »

Laziness perhaps. Easier than learning to budget and take personal responsibility.

Yup.

Thing is it's the easiest its ever been these days to keep track of your finances. Way back when, people only had branches and cheque books. No telephone banking, Internet banking, mobile banking, no ATMs, no debit cards, no nothing. And somehow, people managed their money fine. Now we have all these services available, but it's all the banks' fault if the customer goes overdrawn without using them!

oldagetraveller

"Someone pointed out that money management should be taught in schools - I for one agree....It should be taught in maths, instead of things like cumulative frequencies (have I just made that up?!)..."

No it shouldn't! It's all really quite simple, down to common sense and what my parents drummed into me.
Don't spend more than you earn and don't borrow more than you can comfortably pay back.
Easy peasy.

Mishomeister

OP could you please tell you sister a big Thank You from me as she and others like her subsidize a free banking for many others including myself.

Teatwosugars

Banks often allow customers to go overdrawn for a few reasons.
1. Because if they return Direct Debits & bills payments, this can affect external credit ratings.
2. One off and small overdrawn balances (under £20) are often overlooked, only charged debit interest. (or a smaller fee)
3. How would you feel if you were out and your card got declined. For example getting petrol or essential goods?

It's a catch 22 really. Either way you end up in a mess. You should be in control of your finances and if you feel that you may go overdrawn always have an arranged overdraft in place for any emergencies!

Banks do refund some charges in exceptional circumstances. But for the people like the OP's sister they deserve it for being so irresponsible!

Niv

neas wrote: »

Its people like your sister that keep my banking free.

Tell her thank you for her stupidity from me.

As others said, she ignored lettes thought 'f u' to the bank.. and the only one 'laughing' is the bank who has made money off her.

Curious what the £25 automated credit is.. anyone know? Now they prob chasing debt still from sister.. not sure if she even paid it yet.

Willbe on credit file for 5 years i think... nice one sis... What an idiot.. no offence you seem fine OP but your sister has a lot of growing up to do.

OP has told us this is money given by the gran/nan.

Niv

Teatwosugars wrote: »

Banks often allow customers to go overdrawn for a few reasons.
1. Because if they return Direct Debits & bills payments, this can affect external credit ratings.
2. One off and small overdrawn balances (under £20) are often overlooked, only charged debit interest. (or a smaller fee)
3. How would you feel if you were out and your card got declined. For example getting petrol or essential goods?

It's a catch 22 really. Either way you end up in a mess. You should be in control of your finances and if you feel that you may go overdrawn always have an arranged overdraft in place for any emergencies!

Banks do refund some charges in exceptional circumstances. But for the people like the OP's sister they deserve it for being so irresponsible!

And even in this case the bank has refunded over £400, which I dont think they needed to tbh.

Chrisblue1962

So, if I "forgot" to pay my mortgage for a year, ignored all post from the bank and waited until I had bailiffs knocking on the door to evict me and then cried "foul" and started criticising the bank I'd be in the right?

Erm, don't think so!...

Your "little sister" needs to start behaving like an adult and not a "little girl" - it's called "growing up" btw.

Plxply

Chrisblue1962 wrote: »

Your "little sister" needs to start behaving like an adult and not a "little girl" - it's called "growing up" btw.

I believe the OP is long gone after getting a good hard whack with the reality paddle.

societys_child

For goodness sake, she was 19 not 9.

Is she allowed out on her own?

Deru

Were later fees these amounts?

£168.00
£174.00
£192.00
etc?

That's high... or am I reading it wrong?

I agree with everyone that OP's sister is responsible but those charges seem crazy...