Bank Charges Test Case Article discussion

david.l_4

Natwest can the next part of the argument (what a fair charge is) be appealed all the way to the house of lords if the banks dont like the outcome?

orc_2

Found this on British Banking Association website, just published today. Obviously from their perspective and in preparation for next week.

http://www.bba.org.uk/content/1/c6/01/68/88/Test_Case_Fact_Sheet.pdf


This made me furious :mad::mad::mad:
- some spin merchant comes up with this clap trap:

"Banks have to decide, when customers don’t have enough money in their current account for cheques, standing orders, direct debits or other commitments, whether they can help out their customers by lending them the money needed to make these payments.

(ie whether they can add a hefty and unfair charge and their computer systems do this automatically)

Normally, in more than four out of five cases, customers make this arrangement in advance and the bank can have a discussion about how and when the overdraft can be paid back.

(Oh really, can't remember the last time I had a nice chat at the bank)

Sometimes, however, customers don’t talk to the bank first or have committed to payments which take them over their limit.

(ie So we will screw you as far as we can)

When this happens the bank will still look to see if payments can be made and if they think the customer is good for the credit. If so, the bank may provide an unarranged overdraft to cover the payment. But, in cases like this, the bank is assuming a certain amount of risk as they have less information to make the lending decision. The bank will also get in touch with the customer to let them know what has happened and to notify them of any fees incurred. "

(ie is good for a hammering. Thud as automated bank charge bills drop thro letterbox!)



Patronising rubbish- like Listen with Mother

natweststaffmember

Not much we don't know already, eh?

pingchris

it would make financial common sense to gorden brown in a way to give the charges back,after all billions of pounds back to the public would stimulate parts of the economy,albeit in a small way,i know it would stimulate my economy for starters:T

natweststaffmember

pingchris wrote: »

it would make financial common sense to gorden brown in a way to give the charges back,after all billions of pounds back to the public would stimulate parts of the economy,albeit in a small way,i know it would stimulate my economy for starters:T

I don't agree with the argument nor with political intervention while the OFT test case issues are still being resolved.

pingchris

personally i think that £60.billion gorden brown just gave the banks is earmarked partly for us the claimers,nice timing him giving that just before the next stage of the fight aginst charges ,maybe im way of the mark and we wont see a penny for years to come but nevermind,we have to wait no matter how long it takes

natweststaffmember

pingchris wrote: »

personally i think that £60.billion gorden brown just gave the banks is earmarked partly for us the claimers,nice timing him giving that just before the next stage of the fight aginst charges ,maybe im way of the mark and we wont see a penny for years to come but nevermind,we have to wait no matter how long it takes

It isn't since the Supreme Court next week are not giving their judgement on whether the charges are fair or unfair. They are only giving their judgement on whether the regulations applies to bank charges terms.

pingchris

i understand wht your saying,im just thinking aloud in a way

MercMan

I have a historic bank charges claim with HSBC (First Direct) for about £5K.

I noticed that just after I told them I had been redundant in 2005, and that I would not have a salary paid in any longer, they paid a DD of about £1K which was my then mortgage payment. This sent me well past my agreed O/D limit. They then closed my account and started to pile on interest as they said my entire O/D had become unauthorised etc.

The bounced my other smaller monthly DDs (gas. power, phone etc) but paid the really big one !!. Can I complain to the OFT / Bankers Ombudsman about bad practice? Can I include the DD in my claim?

natweststaffmember

MercMan wrote: »

I have a historic bank charges claim with HSBC (First Direct) for about £5K.

I noticed that just after I told them I had been redundant in 2005, and that I would not have a salary paid in any longer, they paid a DD of about £1K which was my then mortgage payment. This sent me well past my agreed O/D limit. They then closed my account and started to pile on interest as they said my entire O/D had become unauthorised etc.

The bounced my other smaller monthly DDs (gas. power, phone etc) but paid the really big one !!. Can I complain to the OFT / Bankers Ombudsman about bad practice? Can I include the DD in my claim?

Should the mortgage direct debit have been transferred to another account?
What reason would it be a bad practice?
Why has is taken 4 years to possibly complain?