Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Callum
    • By MSE Callum 22nd Oct 19, 11:34 AM
    • 622Posts
    • 197Thanks
    MSE Callum
    Half of adults think banks should monitor data to spot financial problems - MSE News
    • #1
    • 22nd Oct 19, 11:34 AM
    Half of adults think banks should monitor data to spot financial problems - MSE News 22nd Oct 19 at 11:34 AM
    Half of UK adults say their bank or building society should use their financial data to identify potential problems, according to a new report...
    Read the full story:
    'Half of adults think banks should monitor data to spot financial problems'

    Click reply below to discuss. If you havenít already, join the forum to reply.
    Read the latest MSE News
    Flag up a news story: news@moneysavingexpert.com
    Get the Free MoneySavingExpert Money Tips E-mail
Page 1
    • 00ec25
    • By 00ec25 22nd Oct 19, 1:46 PM
    • 8,735 Posts
    • 8,663 Thanks
    00ec25
    • #2
    • 22nd Oct 19, 1:46 PM
    • #2
    • 22nd Oct 19, 1:46 PM
    half of adults should go back to school and learn how to control themselves
    • Mistral001
    • By Mistral001 22nd Oct 19, 1:57 PM
    • 4,073 Posts
    • 3,130 Thanks
    Mistral001
    • #3
    • 22nd Oct 19, 1:57 PM
    • #3
    • 22nd Oct 19, 1:57 PM
    Monitoring data? Sounds like big brother.
    • motorguy
    • By motorguy 22nd Oct 19, 2:05 PM
    • 19,666 Posts
    • 12,335 Thanks
    motorguy
    • #4
    • 22nd Oct 19, 2:05 PM
    • #4
    • 22nd Oct 19, 2:05 PM
    half of adults should go back to school and learn how to control themselves
    Originally posted by 00ec25
    +1

    It just gives people the further excuse when they get in debt "oh my bank didnt tell me".

    Nationwide and Halifax send you a reminder text if you dont have the funds for an upcoming direct debit. Thats quite handy but i dont think it should go further than that.
    Life has never given me lemons.

    It has given me anger issues, anxiety, a love for alcohol and a serious dislike for stupid people, but not lemons.
    • thriftylass
    • By thriftylass 22nd Oct 19, 3:14 PM
    • 3,606 Posts
    • 29,910 Thanks
    thriftylass
    • #5
    • 22nd Oct 19, 3:14 PM
    • #5
    • 22nd Oct 19, 3:14 PM
    There was an article about someone with mental health issues wishing the bank would have stopped them spending. NOT the banks job. If you're that sick that you're not in control because of your illness, appoint someone you trust with your finances or get an account where overspending is not possible (no OD etc). Otherwise its like asking the chip shop owner not to sell you chips as he can see you are already overweight.

    Selfcontrol and watching your accounts which is easier than. ever with mobile online banking
    Last edited by thriftylass; 22-10-2019 at 4:42 PM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,310Posts Today

7,848Users online

Martin's Twitter