Customers will be able to cap their monthly mobile phone bill to prevent "bill shock"

mobilejunkie

That's why the banks have been pilloried for so-called "overcharging" for all sorts - or have you been away for the last 10 years? Must be extremely ignorant or naive then. I actually sell 0% finance but - surprise surprise - the banks make money from it. I won't bore you with the hows and whys since I'd have to start with the very basics with someone who actually think such things are "free". .

zagfles

mobilejunkie wrote: »

That's why the banks have been pilloried for so-called "overcharging" for all sorts - or have you been away for the last 10 years? Must be extremely ignorant or naive then. I actually sell 0% finance but - surprise surprise - the banks make money from it. I won't bore you with the hows and whys since I'd have to start with the very basics with someone who actually think such things are "free". .

Well I've had several bank accounts and credit cards for 30+ years and haven't paid a penny in fees. I must be really ignorant

mobilejunkie

Yep. The banlks are so generous they do it all for nothing. They don't even charge you for the costs of their branches, staff, head office, rent and rates and a million other things. I wonder how they stay in business. Don't tell them; they might realise that they are paying you.

zagfles

mobilejunkie wrote: »

Yep. The banlks are so generous they do it all for nothing. They don't even charge you for the costs of their branches, staff, head office, rent and rates and a million other things. I wonder how they stay in business. Don't tell them; they might realise that they are paying you.

They are. Give me interest, give me switching incentives, and charge me nothing. And they make sure the spending tokens they send me are PIN protected so a thief couldn't spend hundreds or thousands if they got hold of it.

Compared to the mobile companies, banks are saints

mobilejunkie

Aren't they generous. Pointless attempting to expalin how anything works to you.

zagfles

mobilejunkie wrote: »

Aren't they generous. Pointless attempting to expalin how anything works to you.

I know how things work. I don't need you to explain.

mobilejunkie

Of course you do. You obviously think the banks incur no costs and earn no money from you.

zagfles

mobilejunkie wrote: »

Of course you do. You obviously think the banks incur no costs and earn no money from you.

You don't really get MSE, do you? Ever heard of "loss leaders"? Look it up.

I use several banks. From most - I make more money from them than they make from me.

Hint - just because banks make money from the average customer, doesn't mean they make money from every customer. If you don't understand how - try reading MSE. Outside of just the Mobiles forum. There's plenty there to get you started.

mobilejunkie

MSE includes all sorts, including the completely naive - like you. Your understanding is very shallow and limited and obviously can't be improved. I have about 25 credit cards, five current accounts and numerous other savings accounts. I have also run my own business since 1982 and have several professional qualifications. I have trained an untold number of managers in finance and management but it is wasted on you.

zagfles

mobilejunkie wrote: »

MSE includes all sorts, including the completely naive - like you. Your understanding is very shallow and limited and obviously can't be improved. I have about 25 credit cards, five current accounts and numerous other savings accounts. I have also run my own business since 1982 and have several professional qualifications. I have trained an untold number of managers in finance and management but it is wasted on you.

Yeah yeah, this from someone who thinks just because banks have costs they must make money from every customer :rotfl:

Let's have a look for evidence of your vast knowledge on MSE forums....err...hang on...can't find anything outside the mobile forum...why is that? Maybe you only like sharing your knowledge on mobiles but not on financial issues?

Anyway - I'm not continuing this pointless little argument, it's clogging up a useful thread. Feel free to keep replying "I know more than you but not telling you what", I'm sure someone will believe you if you say it enough times. Ta ta.