Help Get the Bank Charges song to number 1!

IvanOpinion

Agnes wrote: »

HI IvanOpinion,
1, I am aware of course, but it is referred to as illegal by many. did you see the programme BBC The true cost of bouncing a cheque? http://news.bbc.co.uk/hi/business/6507865.stm

Sadly your link doesn't work for me, but it is an article I think I have read before. The media likes to get its hands on mass appeal stories and exaggerate them to appeal to what people want to hear while hiding much of the reality ... I gave you an example previously, would you think it right for customers to be charged (e.g.) £60 for a letter they did not ask for and did not want, but it is a provable cost for the production of that letter? That is the other side of the coin that you are not being told.

also I quote from Andrew George MP for West Cornwall " I think that the banks are extorting money from the most vulnerable people in society" and " it is inevitable that those on the lowest incomes who have the greatest difficulty maintaining their accounts in credit will be the most vulnerable to these charges"

The quote is a misdirection to appeal to an uniformed populous. The money is not being taken from the most vulnerable it is being taken from the most financially incompetent across all areas of income. The sad reality is that it is more than likely that as a result of this campaign it will be the most vulnerable that will end up losing the most (e.g if we all have to pay for banking, loan interest rates go up a little bit, credit facilities unavailable etc.)

Have you read "The Unfair Terms in Consumer Contracts Regulations 1999 ?

Have you read 'don't sign it if you disagree with it' ... there has always been a choice.

If as you say the banks can make money on accounts handled in a responsible manner, why the disproportionate charges. Nobody agrees to pay, surely you know life isn't perfect, circumstances happen people face all sorts of problems even the most scrupulous account holders. Banks create all sorts of problems with dd's, mortgage payments and salaries as well.

By signing the T&C you have agreed to pay the charges. Many (most?) of the problems are not caused by the banks but are caused by the people operating the account. Yes circumstances change however the first piece of advice is don't spend money you do not have and the second piece of advice is to contact your bank and discuss it with them and don't bury your head in the sand until it is too late.

it's the principal of this, that I am working hard for now. so much corruption in our country isn't there, it's a good job some of us try isn't it.[/I]

Sadly it is 'the principle' that is going to end up costing us all more. Those that get their charges back will have won their little battle against the banks, however the one thing guaranteed is that the banks will win the war and get the money back from anybody with an account. We have already seen evidence of this in changes to credit card rates, loan rates and saving rates being out of step with BoE changes. Remember the 'corruption' that started of any sequence of events was in the owner of the account spending money that was not theirs to spend.

Ivan

Oystar

If anyone is looking for the bank charges music video that was shown on Newsnight with Jeremy Paxman last night, Oystar's song featuring the Money Saving Expert himself is on youtube here...

agnes_2

smutley wrote: »

Behind you all the way Anges... I know how hard you are working to see justice prevail. After all we all want our bank charges refunded otherwise we wouldnt be here... would we?

Precisely Jenny. It is a small effort fighting for justice and it would be nice to get the unlawful penalty charges back, thats why we all started to follow Martin and the others' advice in the first place.

jillie1974

ivan.. what type of letter costs £60???

agnes_2

First brief answer IVANOPINION: QUOTE: "Dont sign it if you don't agree with it" WE have never signed anything. We opened this account 40 YEARS ago, before the 'unlawful' penalties. ( have you read the "Unfair terms in Consumer Contracts Regulations 1999 ??) and we have never signed any T&C or anything else for that matter when penalty charges were introduced.( get back later have to rush off urgently!) what letter costs £60 ?? solicitors??

Edna_Bucket_2

Agnes wrote: »

First brief answer IVANOPINION: QUOTE: "Dont sign it if you don't agree with it" WE have never signed anything. We opened this account 40 YEARS ago, before the 'unlawful' penalties...

But surely your bank has been sending you updated T&C pamphlets throughout that time - we get 'em regularly and I suppose most people do. Because you have kept your account open, you have in fact created an ongoing contract.

I wish more people would "come clean" as one honest MSE poster did on a similar thread and admit that the majority here just see an opportunity of a money grab or "free money."

nickmack

GOING OFF-TOPIC

Hi, Martin’s asked me to post this in these circumstances: While it’s easy to wander off-topic that often prevents newbies finding the information they want quickly and easily (please see this rule). Please keep this thread on topic. If you have any questions about this policy please email [EMAIL="%20abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

BOARD GUIDE NOTE

This thread is to discuss the
“I fought the Lloyds” Bank Charges Protest Song"

If you wish to discuss the rights/wrongs of reclaiming, there are other threads in the forum to do this.

Edna_Bucket_2

Edna_Bucket wrote: »

Time to come clean Dan - how many mates have you played a gag on by leaving that horse's head in their bed while they were sleeping, so they woke up next to it???

Fair enough then nickmack, a bump to get it back on topic

agnes_2

nickmack wrote: »

GOING OFF-TOPIC

Hi, Martin’s asked me to post this in these circumstances: While it’s easy to wander off-topic that often prevents newbies finding the information they want quickly and easily (please see this rule). Please keep this thread on topic. If you have any questions about this policy please email [EMAIL="%20abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

BOARD GUIDE NOTE

This thread is to discuss the
“I fought the Lloyds” Bank Charges Protest Song"

If you wish to discuss the rights/wrongs of reclaiming, there are other threads in the forum to do this.

Apologies nickmark, I will continue topic on how will bank charges impact banking discussion if that's OK

Edna_Bucket_2

Agnes wrote: »

Apologies nickmark, I will continue topic on how will bank charges impact banking discussion if that's OK

Only if you can set it to music and outline it in rhymning couplets!
:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: