Banking Industry

Fedz

http://www.thisismoney.co.uk/bbphone/article.html?in_article_id=429861&in_page_id=182

Some quote mainly from the odd website by copy > paste

setmefree

Fedz wrote: »

http://www.thisismoney.co.uk/bbphone/article.html?in_article_id=429861&in_page_id=182

Some quote mainly from the odd website by copy > paste

The latest news we get comes from the web sites,for the latest shares prices we go to a web site,car insurance,home insurance etc etc we get from the odd web site, to be kept up to date with the latest developments the majority use the odd web site.

And talking about latest results
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/498/0/default.stm

That's from the odd website

oscar52

Labman wrote: »

Where do you get these figures from?.....so the average DD payment is less than 30p?

Actually, its just under £3.40 - not much, but over 11 times more than your figure

masonic

setmefree wrote: »

Disagree the person with under £500 could leave £100 a month in the bank, which would make interest for the bank, whereas the person with lets say £700 might take the lot out every month

In that case why do most banks give the best current accounts to people who agree to credit their account with x hundred pounds every month rather than asking them to hold a minimum balance of x hundred pounds?

Banks can't invest money held in current accounts very effectively, because current account balances can be (and usually are) very volatile. Someone who pays in a lot of money every month and goes out spending it on a debit card will make the bank a lot of money through debit card fees; more than someone who holds a large balance, to whom they need to pay a proportion of any money they can earn through investing it.

setmefree

masonic wrote: »

In that case why do most banks give the best current accounts to people who agree to credit their account with x hundred pounds every month rather than asking them to hold a minimum balance of x hundred pounds?

Well i suppose if they did tell the customer that they would have to leave x amount in their account, the customer would soon look for other investments.

setmefree

masonic wrote: »

. Someone who pays in a lot of money every month and goes out spending it on a debit card will make the bank a lot of money through debit card fees; more than someone who holds a large balance, to whom they need to pay a proportion of any money they can earn through investing it.

So if a person deposits £499.00 a month and uses debit transactions to the amount of £498.00 a month,they would make more money for the bank than the person who deposits £501.00 a month with no transactions ???

Fedz

setmefree wrote: »

So if a person deposits £499.00 a month and uses debit transactions to the amount of £498.00 a month,they would make more money for the bank than the person who deposits £501.00 a month with no transactions ???

It's OK coming up with 'what if ...' but, the Halifax have obviously done a customer audit or monitoring and discovered that customers who deposit under £500 per month mostly don't generate enough activity to warrant a monthly statement.

As said earlier monthly statements (if you're bothered) are easily obtained by Halifax online or via the Halifax cashpoint.

It's really not that big of an issue :rolleyes:

Fedz

setmefree wrote: »

And talking about latest results
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/498/0/default.stm

That's from the odd website

Share prices fluctuate but, if you look at the wider market trend it's not as 'scarey' - the odd 'blip' is unnerving for shareholders but, I certainly don't stay awake on a night worrying about the fluctuations ...

Look what happened at NR - everyone jumped-ship, now thousands/millions are jumping back on ship

setmefree

Fedz wrote: »

It's OK coming up with 'what if ...' but, the Halifax have obviously done a customer audit or monitoring and discovered that customers who deposit under £500 per month mostly don't generate enough activity to warrant a monthly statement.

As said earlier monthly statements (if you're bothered) are easily obtained by Halifax online or via the Halifax cashpoint.

It's really not that big of an issue :rolleyes:

Or is it a case of those who deposit more than £500.00 a month will be better treated,who know's??? unless you know for a fact that those with over a £500.00 a month generate more activity, personally i cant see £1 making that much of a difference :rolleyes:

And what about the fraud issue???, are they going the other way and saying to reduce fraud we will send out statements every three months to those who deposit less than £500.00 a month to protect them, but those who deposit £500.00 or more will retain their monthly statements coz they aren't as much at risk???. fraud is fraud no matter how much you deposit...it ain't as if the fraudsters will say err hang on don't bother with that statement they deposit less than £500.00 per month.:rolleyes:..and they can't use the theory of less statements less fraud, i could get a statement once a year and still be subject to I.D.fraud.

setmefree

Fedz wrote: »

Look what happened at NR - everyone jumped-ship, now thousands/millions are jumping back on ship

Very true, and it's me the tax payer who gave them their life boats to stay afloat,without the tax payer they would have been another titanic, regardless of the money being payed back over so many years.;)