Bank Charges OFT Test Case Discussion

chasancrai

PhiltheBear wrote: »

Yes it can. Especially after a bank has applied a charge for refusing to pay out. Thus, if you issued a cheque for 10p and had 5p in the account the bank will charge you a)£35 for not paying your cheque and b) not meet the cheque either. So, if you have a Basic account you are caught twice.

Learn your facts before commenting.

Why would you knowingly write a cheque for 10p if you only has 5p to spend, you deserve to be charges - learn some restraint

borgbaiter

chasancrai wrote: »

You totally miss the point, you also enjoy this free now but you should pay for your own errors.

i paid for my errors this doesnt make it legal i should have paid them.

you dont seem to read what i write

maybe take some time to engage brain before speaking?

borgbaiter

chasancrai

borgbaiter wrote: »

i paid for my errors this doesnt make it legal i should have paid them.

you dont seem to read what i write

maybe take some time to engage brain before speaking?

borgbaiter

The brain i have that has stopped me ever paying penalty fees?!

andyroo_2

I think someone has got on his high horse or moral high ground. If he has not had any bank charges then why is he commenting on the forum. Who does he think he is (chasancrai). Unless you have something decent to say, stay off the forum.
I thought this was for people to discuss ways of claiming back these bank charges, not for people to have a laugh at other people's misfortunes. :mad:

I currently have a case on hold with the Abbey a total of £16,000 including interest) sixteen thousand pound. The reason I am claiming back these charges is because 6 years ago I had a stroke at the age of 36 which, as you can imagine left my family in financial difficulties, instead of the bank helping they kept taking more bank charges. They, then, took our overdraft off us in one,month (total of £2600) without any notice. It has taken 2 years and a lot of hard work on our part to get to a position that we do not incurr any bank charges and we do not have an overdraft. We are not on the poverty line, but because of circumstances beyond our control, we were left in financial difficulties.

TighterThanTwoCoatsOfPain

Andyroo, perhaps you are the exception, this is not directed towards you, but claiming back a charge for which people were fully aware of takes the !!!!.

If it was £100 per pop for breaking the banking arrangements then so be it. Lets face it, ultimately all of us who manage our accounts well are going to be paying for this lost revenue in either atm charges, marginally less credit interest etc etc...

They are public companies who have shareholders to account to. "oh i'm sorry Mr Shareholder, dividends are lower this year, the nasty people who spent the money which wasnt theirs claimed back the charges they were aware of so its less profit this year i'm afraid" pfffft, can see that cant you!

krisskross

andyroo wrote: »

I think someone has got on his high horse or moral high ground. If he has not had any bank charges then why is he commenting on the forum. Who does he think he is (chasancrai). Unless you have something decent to say, stay off the forum.
.

You'll never get a balanced view if you only communicate with people who agree with you.

And the invitation is to discuss I believe.

andyroo_2

Do not get me wrong - i do not mind paying bank charges when it is my own fault that i have gone into the red but when the bank put you into the red because of the bank charges and then charge you again for being in the red is a little unfair do you not think. I agree that there should be a charge but not the amounts the banks charge at the moment. Surely, they get enough revenue with the interests on our accounts without charging £35 for every direct debit that does not go through because you are, say 2p overdrawn.

Smasher

chasancrai wrote: »

Why would you knowingly write a cheque for 10p if you only has 5p to spend, you deserve to be charges - learn some restraint

Like Northern Rock you mean? Oh wait, that's right, they went bust didn't they. Some people just don't know how to show restraint, to the tune of a little more than 5p too eh? However, fear not, the great British taxpayer will bail them out!

Not enough money to pay teachers a decent wage, but there is enough money to bail out greedy irresponsible bankers when they screw up, and some people here are flaming those less well of for overdrawing by a few pence.. :rolleyes:

Just think, some of you might now have to actually pay for what you use, well that's terrible! I feel utterly ashamed now that I came to understand the law and stood up for myself. No longer will I be paying for your banking. I am deeply deeply sorry. Every time look at my bank statement and see that I am no longer spiralling into debt for you I will kick myself out of sheer guilt.
How will those poor little bankers ever be able to serve people like you for "free" and afford to feed themselves at the same time? Its all our fault! :rolleyes2

ncb_2

I suspect that once this inevitably settles down and the charges regime is changed to be less punative, the banks will still make their money.

Customers with bad histories of going overdrawn etc, i.e. those of us who have incurred charges in the past, will get the equivalent of poor credit ratings. Those with these ratings will find it hard to get the accounts that have free banking - so instead of a "penatly as you go system" they will just squeeze regular payments from such customers as us called a monthly fee. This is probably better for the banks as the cash flow in is nice and steady and still only from us customers that have the least cash.

Hurrah - they will change the way they screw us.....I find it hard to get excited.

roddydogs

Isn Martin being a bit premature? final judgement has yet to be made.