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

Andystriker

Plxply wrote: »

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

I'm surprised the OP has not deleted their posts with a request for the thread to be deleted.

Gromitt

Deru wrote: »

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...

The T&Cs state the following:

"With effect from 01 February 2011, we do not charge debit interest on unarranged overdrafts.". Instead, they charge "£6 for each day for which an Unarranged Overdraft Fee is payable.".

So, for the month of February, 28 * £6 = £168 was charged.

pvt

Niv wrote: »

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

Well there we are! That's someone else the OP can blame as well as the nasty old bank.

Granny should obviously have been giving her more, and was negligent to not have foreseen that what she was shaving off her pension to give her dear grandaughter to hoze against the wall was clearly inadequate.

Let's blame everyone. The bank, the government, her school, her parents, the postman, the local pet shop, the bus driver, the vicar/priest/imam/rabbi (delete as appropriate), granny, and herself. OK, I'm being silly with that last bit, she's young and naive (thick) so she shouldn't blame herself I suppose.....

CleanShirt

linniloo wrote: »

Why do banks allow us to go overdrawn in the first place if we haven't got a pre-arranged overdraft?

Why doesn't the transaction just get rejected? They can't blame technology for this, surely? When I was younger (1990s) I went to buy a greetings card for £1.10. I had £7 in my account and the transaction was declined. As the bank worked in multiples of £10 and I didn't have at least £10 in my account, they wouldn't let me buy anything with my card. This was my understanding of how bank accounts work to this day, but it appears i am wrong (but wouldn't like to test it out in the card shop again).

It's more about where you use your card- at a shop with a 'floor limit', on a train/ plane etc- anywhere where the card machine isnt 'online', so takes the payment on the assumption that the funds are available- its got nothing to do with the banks, when you have a merchant withdrawing those funds. The bank has to pay the funds are there or not. A requirement for all cards to be 'online' only would reduce an overall services provided by debit cards.

The_pc_tech

There's a difference between making a mistake and complete mismanagement.

This seems to be the case of the latter, sorry.

She has ignored all communication from her bank and is in breach of an agreement with them for which they have a right to levy charges.

How would you have felt if they had sent a debt collector around?

Maybe you need to open an account in your name and just give her cash from it when she asks for it, that way she can't spend more than she has.

chambta

I've seen many cases like this where the bank will write off everything but the initial o/d balance - but only if the customer has a good case, asks nicely, and is jolly polite about the whole thing.

dawyldthing

[/QUOTE]
Don't spend more than you earn and don't borrow more than you can comfortably pay back.
Easy peasy.[/QUOTE]


Don't borrow full stop, bar your mortgage. If you don't have it in the bank to pay for it now, save up for it so you can afford it when you have the money for it or buy a cheaper version so your not wasting money

JimmyTheWig

Don't borrow full stop, bar your mortgage. If you don't have it in the bank to pay for it now, save up for it so you can afford it when you have the money for it or buy a cheaper version so your not wasting money

What about a student loan? Should everyone save up their tuition fees and living costs before going to university?

What about for a well-thought-out business plan?

What about for a decent second-hand car if that works out cheaper in the long run than buying a banger that constantly needs repairs?

What about paying on credit card for a monthly travelcard to get to work when you first get a job - as you can't afford to pay for it until you've been paid?


Not all debt is bad. Only bad debt is bad.