Reclaim Unfair Bank Charges article discussion Part II

Broadstone

mramra wrote: »

I'm afraid that charges apply even if you only go overdrawn without prior authorisation for one day. This should be clearly stated in your terms and conditions. I would advise you keep a better eye on your account balance and forthcoming direct debits and standing orders in future months.

Not worthy of a response.

Broadstone

mramra wrote: »

I'm afraid that charges apply even if you only go overdrawn without prior authorisation for one day. This should be clearly stated in your terms and conditions. I would advise you keep a better eye on your account balance and forthcoming direct debits and standing orders in future months.

and consequently ignored !

mramra

Broadstone wrote: »

and consequently ignored !

That is your right, but don't come moaning on here again when you incur another penalty charge due to your inept management of your personal finances.

Broadstone

mramra wrote: »

That is your right, but don't come moaning on here again when you incur another penalty charge due to your inept management of your personal finances.

Not worthy of a response and cosequently ignored !

P_Walters

theartfullodger wrote: »

Sigh!

Look guys, s**t happens. We all know this, it is no surprise, we don't always get what we want....

Suggestion:

SUMO ("Shut UP, Move On").

Cheers!

Lodger

Thought this was a forum, i.e. to express views so don't log on if you want people who shut up (quite rude). I think it's a case of knowing we don't always get what we want ..obviously.. but more that we did hope to get some kind of redress to such a blatant overcharge. I think the majority were ready for a charge to be set which, although reducing any refunds, would be for the greater good of the customer long-term. I think this will rumble on and on and as there are other things in our lives, we..obviously again.. will move on whilst still voicing our objections and doing what we can.


Is this kind of overcharging on a mass scale acceptable? Never. At some point these things can start to feel corrupt; we put people in positions of power to stop that happening and they let us down from the start (you FSA.....yes you). We therefore have the right to object.

Regarding charges in the '80's and '90's, I tried on many an occassion to get a full breakdown of these charges but would always get that same old chestnut of a reply "If you don't like it may we suggest you go to another bank" said in that goodfella's type customer services voice that left me in no uncertain terms that I was NOT to question these charges so I stopped asking. They were bullies even back then but along came the internet and communication and suddenly we find we're not the only one having standing order dates changed suddenly to 2 days before payday so that..surprise surprise..it incurs a charge all of a sudden, and all of those other little anomolies that are happening to drain our money prematurely.


Incidentally, thanks for the support Porkmaster, it is much appreciated.

P_Walters

mramra wrote: »

That is your right, but don't come moaning on here again when you incur another penalty charge due to your inept management of your personal finances.

Oh and I've changed my mind mramra - you SHOULD be prime minister. You are the funniest thing to happen to this forum and I think you may just have a wicked sense of humour. If not, when you get you bonus will you give me my charges back? Thanks.;)

ndf9876

I think perhaps one aspect that some people may not be appreciating, is that once you have incurred a charge - particularly if you are on a tight budget - you enter into a bit of a vicious circle and consequently end up being charged every month. Without some sort of relief, this is very hard to get out of - and I speak from personal experience there.

Whilst I am not entirely against the Supreme Court judgement, it's my opinion that the amount of the charges is still grossly unfair, and anyone who believes that the amount is a fair charge is, in my opinion, barking mad.

Just because you are aware of something and agree to it, that doesn't make it fair. For example, if I told you that I was going to punch you on the nose on Monday, and you agreed, that doesn't mean I won't be committing a crime - it's still assault!

I strongly disagree with anyone who rocks up and complains that those who incur a charge are 'financially inept' or unable to manage their money. My personal situation was one of a continuing spiral of high charges and a tight budget. Perhaps I should not have eaten one month so I could appease the banks......? This can be further compounded when direct debits (such as those to a credit card) can be taken "on or about" a certain date - making things that much harder to budget for.

I do wonder if some people's views would be different if they had been on 'the other side of the fence' as it were - I am fortunate enough to find myself in a very well-paid job and not incurring charges, but having been in that boat, I can see that there are some just plain ridiculous comments flying around.

Broadstone

ndf9876 wrote: »

I think perhaps one aspect that some people may not be appreciating, is that once you have incurred a charge - particularly if you are on a tight budget - you enter into a bit of a vicious circle and consequently end up being charged every month. Without some sort of relief, this is very hard to get out of - and I speak from personal experience there.

Whilst I am not entirely against the Supreme Court judgement, it's my opinion that the amount of the charges is still grossly unfair, and anyone who believes that the amount is a fair charge is, in my opinion, barking mad.

Just because you are aware of something and agree to it, that doesn't make it fair. For example, if I told you that I was going to punch you on the nose on Monday, and you agreed, that doesn't mean I won't be committing a crime - it's still assault!

I strongly disagree with anyone who rocks up and complains that those who incur a charge are 'financially inept' or unable to manage their money. My personal situation was one of a continuing spiral of high charges and a tight budget. Perhaps I should not have eaten one month so I could appease the banks......? This can be further compounded when direct debits (such as those to a credit card) can be taken "on or about" a certain date - making things that much harder to budget for.

I do wonder if some people's views would be different if they had been on 'the other side of the fence' as it were - I am fortunate enough to find myself in a very well-paid job and not incurring charges, but having been in that boat, I can see that there are some just plain ridiculous comments flying around.

Great words and sentiments, which I totally support and endorse. As I have said before, I wish these people would leave this forum as their views are irrevelant and not adding any value. As I have done today, I will just ignore them if they do not provide pro-active advise for people to claim back unfair bank charges.:T

hardin_2

Not sure why everyone doesn't just band together and refuse to pay the charges. The banks would be stuffed without customers and they can't afford to take EVERYONE to court. My bank has made many efforts to keep me in a spiral of debt (for which I take the majority of the blame) constantly refusing repayment plans (I offered to clear my 6K overdraft in 6 months which they turned down and are still charging). In between times, they offer increased credit on other accounts and started a spurious, not pre-agreed £10/month on each account.
I've put together a case which proves they have no intention of helping me clear my debt - and as this is Nat West/RBS, bailed out to do just that, I think I have good case.

amtrakuk

In some ways I am relieved as we now know where we stand. I too was hoping for the hearing to be pro consumer. I feel sorry for the single people who have lost their job or their jobs are at risk - It really does throw you're life upside down thinking you will only have a few hundred a month to live off.

As I was in this position I had to go through my income/expenditure and soon realised that even with PPI on my mortgage the support I would get in benefits would be allot less than my outgoings though no fault of my own.

One thing I did find out is try aligning you're direct debits to the same day, therefore you will only have one bank charge as I understand, HSBC charge per transaction day not per transaction. Or would it be easier being invoiced for bills rather than DD? That way you can draw all the cash on the same day, again only picking up one charge.

Just a couple of ideas.