£30 Charge For 39p Over Od Facility!

swingtop

Thomas_Crown wrote: »

If you go so much a one penny overdrawn or over your overdraft limit the bank's computer will apply the appropriate charge automatically.

Ahem!:rotfl:

Walletwatch

Totally agree with that. Just to add though, the above argument might just sail if the bank is not so keen on retaining the charges and if this is a first time default from your side. If you are a habitual at exceeding your sanctioned limit, I am afraid I must be frank and say you deserve what you got on this one...

COOKIEWILLOW

Thanks for all who posted replies. Think theres two views regarding bank charges! Personally i agree with Martin. I appreciate the bank cant let folk go over their overdrafts willynilly and not charge, my rant was regarding the AMOUNT they charged for such a small amount over. I am not going to comment any more, if they dont waive the charge i will pay it. Cant be a**d anymore shouting to the people on their high horses!! And I understand one poster getting fed up with "dozens of posts" like mine, but I thought this was a consumer revenge site as well as moneysaving tips, and if you are that fed up dont bother posting any replies.

Dylanwing

CookieWillow - It's all very well quoting T&C's, but the main point is that fairness should apply, and the penalty should be appropriate to the "crime". Some Banks are reasonable and will refund without too much hassle.
BTW - Don't get too annoyed, we all have differing opinions, and they should all be respected, although I freely admit that I find it astounding that anybody can support Bank rip-off charges. Still, if we all agreed, the Forum would be mega-dull.
Good luck. And if they refuse, try writing. It might not get a refund, but at least the Bank will actually have to work to earn the £30!

bengal-stripe

COOKIEWILLOW wrote: »

I always thought there was a £10 buffer as well and that if you did go over but it was under that amount they would not charge.

With the current re-claiming of charges going on, quite a few banks have stopped providing a ‘buffer’ of £5.00 or £10.00. Even with a buffer in place, there will always be someone, who exceeds that buffer with £5.39 or £10.05.

Just treat your overdraft limit with the same respect as the platform edge at a railway station (don’t stand too close). Here the 'buffer' is indicated by a yellow line, on your side of the platform. Create your own buffer within your limit.

COOKIEWILLOW

bengal-stripe wrote: »

With the current re-claiming of charges going on, quite a few banks have stopped providing a ‘buffer’ of £5.00 or £10.00. Even with a buffer in place, there will always be someone, who exceeds that buffer with £5.39 or £10.05.

Just treat your overdraft limit with the same respect as the platform edge at a railway station (don’t stand too close). Here the 'buffer' is indicated by a yellow line, on your side of the platform. Create your own buffer within your limit.

Thanks bengal_stripe, thats the way i should look at it. My aim next month is to be further back again from that edge until im in train station carpark!!!

Stephen_Leak

bengal-stripe wrote: »

Just treat your overdraft limit with the same respect as the platform edge at a railway station (don’t stand too close). Here the 'buffer' is indicated by a yellow line, on your side of the platform. Create your own buffer within your limit.

What a brilliant way of visualising it!

Dylanwing

But if you step over the line, you get a lot of wind as the train passes, go well over it and you are likely to be killed. Does that mean that Banks should give you wind for the first £50 over-limit and then kill you for any further excess?:rotfl:

And yes, I am very bored. Shall I get my coat?

Squirrel29

The very thought of my overdraft gives me wind.