Yeh Nice One Martin .......... Not

cooperbob

Is £35 charge fair for a bounced DD?
how about £100? who regulates how much they charge?
They are UNLAWFUL I never agreed to the bank charging me UNLAWFULLY how could I ,Im a law abiding citizen who has been charged both when ive been inside and over my overdraft. Not exactly fair is it?

IvanOpinion

Widowmaker wrote: »

Screw the banks!...They have been screwing us for YEARS!
Now, guess what?

PAYBACK TIME!!!!!!!

Sure is and once you win this tiny little battle the banks are about to go to town and win the payback war

Ivan

IvanOpinion

Graham_Devon wrote: »

Once past cleared stage, the cheque is discarded, the money has been pulled succesfully from the other bank / account and jobs done.

I can not fully explain this but there is a lot of confusion about this .. there is a loophole that was being exploited by some people .. I first got to hear about it after a friend of my brothers lost his motorcycle. I am not sure that my explanation is 100% right but hopefully it is close enough.

Apparently there are two stage to a cheque clearing (not one as many people assume). A bank will verify the cheque and claim the funds .. at that point the money is seen as cleared and avaialble in the targets bank account. However there is still a period whereupon the funds can be recalled by cancelling the cheque (or for other reasons). If this is timed just right the originator will get their money back. Until both stages have passed a cheque is not fully cleared.

In the case of my brothers friend the buyer phoned him up to say the funds had been taken from his account and therefore he expected the bike to be sent. The chap checked his account, saw the money there, packaged up the bike and despatched i that day. The next day the funds disappeared from his bank account, the bike was en route and despite him calling the police to the target address he never recovered his bike (or his money).

Ivan

IvanOpinion

Graham_Devon wrote: »

I have a £2000 overdraft. It costs me nothing. Only costs me interest if and when I dip into it (which I do regularly).

This is the bit I don;t understand .. I also have a £2000 authorised overdraft limit ... I pay nothing for it. If I go overdrawn I pay a tiny little bit of interest but no charges.

BTW can I add that anybody who says they were not informed of the charges is either blind, a liar or does not read anything that the banks send. You do not have to read pages of small print .. my bank sends them to me with most statements ... in large easy to read print.

Ivan

James21_2

nelly wrote: »

Yeah you have some good points but the captain doesnt do what he does to make friends with big business now does he?

from the BBC webby -

Barclays Bank has announced a record pre-tax profit of £7.14bn in 2006 - up by 35% on the previous year.

Yeah they are there to make money, but making that sort of cash while basically scaming people who were slightly late with a payment just is'nt on.

Think about this then, its funny that a letter they decide is "a rule" cost's £35 but the junk mail they send out on a daily basis trying to flog us their products is miraculously free for them to send.

The £35 letter is done automatically by a computer.

The the latest 'wonderful products' brochure had a team of demographic specialists, advertising execs, print companies, bank execs, endless meetings etc etc etc to produce it and it lands on my door mat free of charge!

They dont have to make billions, I'm fairly certain Barclays can drop from £7.14 billion to say around £6 and still just about be in the black!

What do you reckon?

1) England os the only country in Europe to have free bank accounts do the bank charge you for plastic cards, cheque book, paying in books, statements, their customer service? Also services like stopping a cheque cost the bank money and if you 'lost' a cheque the bank will stop it free of charge...

2)People complain about charges being overpriced but to me its like saying well i bought a £100.00 pair of jeans from a shop today, wow they cost only £18.00 pounds to make...thats illegal i best claim that back!

3)Yes once you get a few charges there is a downward spiral, however it is your job to look after YOUR account not the banks job(unless you have an accountant)banks have plenty of leaflets on bank charges and fees so you are made fully aware of them

4)Also in one post someone mentioned about 'free' rubbish you get sent through the post about the banks other products, obviosuly that is not free but you can always request that you dont get sent that 'rubbish'

At the end of the day, yes banks make money, if they didnt we would not have banks?! You forget that the banks aims are to save you money and make you money by their current accounts, savings, mortgages, loans, credit cards, business accounts etc etc

upthewall_2

albertross wrote: »

upthewall,

Your beef is with the ex-employer, and assuming that they are still trading, they should be paying for your charges, because they issued the cheque that bounced.

albertross, you are right, my h's ex-employer is the one who caused this horrible situation and just to add she has also caused us other problems as she did not pay my h's tax and NI, unfortunately we cannot trace her and never got our money, however my point with the banking system was that they did not help us at all!!! They did not even remove one charge.

We were good customers with bank and paid a lot of money in a month. The way we were treated was unfair and there are many others going through the same. However, I do also believe that it can sometimes depend on who you get at the other end of the phone or desk, whether they can be bothered to help as much as they can or whether or not they know thier job well!

michael1983l

James21 wrote: »

1) England os the only country in Europe to have free bank accounts do the bank charge you for plastic cards, cheque book, paying in books, statements, their customer service? Also services like stopping a cheque cost the bank money and if you 'lost' a cheque the bank will stop it free of charge...

2)People complain about charges being overpriced but to me its like saying well i bought a £100.00 pair of jeans from a shop today, wow they cost only £18.00 pounds to make...thats illegal i best claim that back!

3)Yes once you get a few charges there is a downward spiral, however it is your job to look after YOUR account not the banks job(unless you have an accountant)banks have plenty of leaflets on bank charges and fees so you are made fully aware of them

4)Also in one post someone mentioned about 'free' rubbish you get sent through the post about the banks other products, obviosuly that is not free but you can always request that you dont get sent that 'rubbish'

At the end of the day, yes banks make money, if they didnt we would not have banks?! You forget that the banks aims are to save you money and make you money by their current accounts, savings, mortgages, loans, credit cards, business accounts etc etc

i now live in cyprus and I assure you banking is free, and they are very lenient when it comes to adding a charge. Which I have never had here. The only thing you pay for is cheque books at £5 a piece but as I dont use them I dont really care.

also the part about the jeans is not a valid point. Penalty charges for breach of contract are illigal, its not like your buying a product is it. The bank has a right to charge you what it has cost them to correct your error and nothing more.

pinkfluff_2

michael1983l wrote: »

i now live in cyprus and I assure you banking is free, and they are very lenient when it comes to adding a charge. Which I have never had here.

As was my bank until all the greedy people jumped on the bandwagon and started claiming their charges back

michael1983l

pinkfluff wrote: »

As was my bank until all the greedy people jumped on the bandwagon and started claiming their charges back

my point being they can run free banking in cyprus without having to charge people. It is extremly rare they will add a charge for going overdrawn ect. I have been overdrawn through payrioll problems and they never battered an eyelid. Possibly because its still micro managed in cyprus with your local bank manager.

michael1983l

Graham_Devon wrote: »

So would you say this is also the case when people have not helped themselves? As per the poster earlier, does not want an overdraft, which would cure the charges, but reclaims charges and says its wrong.

I don't want anymore points on my licence, so Im cautious and stay within (most) speeding limits. Infact, we should try to reclaim them, as they already given us points, and they impose a fine too, one that costs you a lot more and puts you ina downward spiral as insurance costs more for 5 years etc :rolleyes:

to not have an overdraft isnt that foolish, it completly removes the temptation to spend money you dont have. What you dont seem to get is that life is not always black and white, sure there are people out there that abused the banking system but others accured charges due to circumstances out of their control. And at a stage where the bank should as responsible lenders be helping out their customers and reducing the risk of getting on that slippery sloap of charges because of charges etc. they are extorting them.

What you forget is the banks already charge extortionate ammounts of interest for unauthorised overdrafts but to then send them a letter and charge £28 is wrong wether its in the T&Cs or not.