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How much compensation could I be entitled to for Bank Error?
Comments
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Any examples?Though the real shocker is that an awful lot of people think they can only have one current account, and they often think so because banks love to make people believe that that's some sort of a rule.0 -
opinions4u wrote: »Any examples?
Generally speaking I wont allow a customer to split bank unless they are higher earners/have more complex financial needs (i.e. there is a genuine likelihood the account will be profitable). At the very least I ask for the salary to be mandated.
Secondary current accounts make no money, on the contrary they usually cost the bank far more to run than they pull in in income.
It's no longer a 'rule' but it's still heavily discouraged.0 -
OP is asking for compensation because a card was not ordered and was unable to pay for shopping at Tesco - so far so good. Nothing wrong with that per se HOWEVER what if OP had LOST the card would the bank be ok to ask for compo from the customer for being so stupid as to lose it?? After all there is cost to the bank?
Two sides to every story you see!0 -
jonesMUFCforever wrote: »OP is asking for compensation because a card was not ordered and was unable to pay for shopping at Tesco - so far so good. Nothing wrong with that per se HOWEVER what if OP had LOST the card would the bank be ok to ask for compo from the customer for being so stupid as to lose it?? After all there is cost to the bank?
Two sides to every story you see!
Yes.. I can't see a problem with charging for cards replaced due to fault by the customer.
The only problem is, if only one bank did that then people would probably just flock to a bank that didn't charge
What will your verse be?
R.I.P Robin Williams.0 -
Generally speaking I wont allow a customer to split bank unless they are higher earners/have more complex financial needs (i.e. there is a genuine likelihood the account will be profitable). At the very least I ask for the salary to be mandated.
And how precisely do you stop it? Anyone who mandates their salary before the account is up and running properly is asking for trouble.0 -
Generally speaking I wont allow a customer to split bank unless they are higher earners/have more complex financial needs (i.e. there is a genuine likelihood the account will be profitable). At the very least I ask for the salary to be mandated.
Secondary current accounts make no money, on the contrary they usually cost the bank far more to run than they pull in in income.
It's no longer a 'rule' but it's still heavily discouraged.
I have a Halifax account for my income & getting a fiver. It all goes in Santander to get cashback from my bills and any money not immediately needed for bills sits in an instant access savings account to earn interest. I also have a Lloyds account because I'm a Sole Trader.
None of them have told me where to go yet!!0 -
As I said in an earlier post, I have more than one account with RBS unfortunately. They are not all standard current accounts. On one of the accounts which had its cards cancelled we pay the bank £13 a month as it is a Royalties Gold Account.
I only use one bank for my finances rather than multiple banks, which means RBS provide my mortgages too. I wrongfully assumed that if all my accounts were in credit & in order that I could use my debit cards freely as long as they were within their expiry date. I also assumed that I would get a replacement card before they cancelled my existing one. RBS have the privilege of providing me with all my financial services, I think I should have reminisce on the old saying my mother always says “Never put all your eggs in one basket”.
Our new cars should arrive sometime next week, fingers crossed.0 -
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The meltdown didn’t affect us & so we saw no need to take action but what I have experienced again is a computer malfunction. Staff at the branch said the computers failed to issue the new cards prior to the cancellation of the old ones.
I am not going to close all my accounts but I will be opening an account with another high street bank.0
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