Bank of Scotland £4.80 daily overdraft fee

boo_star

wizzywig27 wrote: »

I offered them solutions - I asked for a loan, I asked them to take the £30 a month was paying and take it off my overdraft, they didnt want to know.

£30 a month on a £2k debt is a paltry offer. Even if they gave it to you interest free, it’d still take 5 1/2 years to pay off.

That’s a pretty long time to be paying off an (interest free) loan. It’s not surprising they weren’t interested.

ValiantSon

wizzywig27 wrote: »

I don!!!8217;t deserve anything, want to point me to my post where I said I was (or is this another example of putting words in people!!!8217;s mouths)?

Glad to:

wizzywig27 wrote: »

Be prepared for a battle when you contact them, from remarks such as 'you got yourself into this' to smug Exec Office workers making me an offer (in September) they then retract in November when the new charges are in place.

I managed to clear my £2k overdraft and have never looked back. I put it down to once the bank has you by the short and curlys they dont care how much they shaft you, you are nothing but a sort code and account number.

My complaint is still with the FOS and has been since October. The initial response was that they agreed with BOS, I then asked for it to go to the Adjudicator who has since updated me numerous times advising they are still investigating their stance on BOS bringing in these charges before they provide a response. 8 months on I am still pushing it even though I no longer bank with them.

https://forums.moneysavingexpert.com/discussion/comment/74311895#Comment_74311895

The whole tone of this post is that you shouldn't have had to pay the costs that you incurred, and that the bank should have waived them.

I haven't put words in your, nor anyone else's, mouth, but you have repeatedly chucked around unsubstantiated allegations about me.

wizzywig27 wrote: »

My money management was fine, I had an overdraft, I used it. I wasn!!!8217;t continuously in it, so no idea what you are referring to my money management again for?

Some of us would consider using an overdraft to be an example of poor money management. If I don't have the money, then I don't spend it. The upshot of this is that I don't owe anyone any money, and I never go into an overdraft. I manage my money effectively. Furthermore, by your own admission, you had a £2,000 overdraft. That's a pretty substantial sum of money to be overdrawn by. This is not a case of being a little short one month due to an unexpected bill, or temporary cash flow problem. That to me smacks of poor money management.

wizzywig27 wrote: »

The FCA may not care but they took my feedback and thanked me for it.

Yes, it's called being polite; you might like to try it some time. They are not going to say, "Why are you telling us this? Get lost." I, and thousands of other people, routinely thank customers for their feedback when we don't really value it at all, but we are being polite.

wizzywig27 wrote: »

The FOS (as I have already said) are reviewing the stance before providing a response, so yet again the info/advice you are giving out is inaccurate.

Um, no it is isn't. Let me refresh your memory. I said, "...the FOS will almost certainly uphold BOS's decision and reject your complaint." How is this inacurate? This is my view of what I would anticipate the FOS to do. That can't be inaccurate! Oh, and the, "yet again" is apropos of nothing, but you obviously thought it added weight to your comment.

wizzywig27 wrote: »

No, nothing to apologise for

Really, so having a rant at me over something I didn't write isn't worthy of an apology? You are a charmer!

wizzywig27 wrote: »

you really are perfect in your own financial bubble aren!!!8217;t you.

???

What are you talking about?

wizzywig27 wrote: »

And before you start picking out my posts to comment specifically on, this could be seen a form of bullying, so please leave me be and stop commenting on my posts

No, it couldn't. It is rebuttal. You sling mud at me and I respond by pointing out the logical flaws, errors and fallacies in what you have written. That isn't bullying.

If you don't want me to reply to you, then don't reply to me.

bluffer

lostinfrance2 wrote: »

Hi,

I have a £3.5k arranged overdraft with BOS which I used to pay monthly about £100, but now being charged at least £4.50 per day. Is there any way round this-ie paying monthly again or going with a loan? Just thought I'd find out before contacting the bank.
Thanks

and back on track.


No you cant get back to paying a monthly fee. a daily fee is seen as fairer for the majority. you can ask for a loan and see what the answer is. or ask to get passed to the money management team who will go through your income and expenditure. they sit outside the normal process so might do something that the branch / phonebank cant.


as ever, the best bet is get the more expensive debt down as much as possible as soon as possible.

wizzywig27

Yeah, even though Ive been accused of poor money management and being unable to manage my money effectively I managed to pay off my £2000 overdraft and it was the best thing I ever done.

Keep in mind if you go through to their debt management team they may be able to offer help, but it will be a debt management plan which will probably effect your credit file, and one that even in my situation still couldnt afford to pay back.

As others have pointed out, I got myself into it, but I also got myself out of it.

Best of luck