bank charges case today

[Rick]

today its announced whether bank charges are considered unlawful etc etc/

 

this means you can claim all your bank charges and interest back from your bank if they are.

 

get your letters ready to earn back some bucks

[Vista]

That's got to be a tough one to answer.

 

It's a pretty grey area and some banks take the piss, but surely it has to be unlawful to take money that isn't yours? If for instance you exceed your credit limit or go overdrawn without prior agreement surely the bank has a right to impose a charge on you for taking their money without permission? If only to act as a deterrent against doing it again? Besides just how difficult is it to approach your bank before you exceed the limit you have set? In my experience in this day and agae of phone banking they're only a quick call away almost 24/7.

[Rick]

in most cases yes, but my misus is a student and has no choice but to go overdrawn sometimes, shes had many appointments with the bank who still mess her about when trying to set up a student account which allows a greater overdraft.

 

its not a case of she cant pay the money back its just that she relys on the loan payments to go in on certain dates and sometimes theyre late, which is out of her hands.

 

she rarely gets spare time so she cant even change her bank./

 

i just think its unfair to add more burden on someone thats trying extremely hard to get somewhere in life, its not like shes bumming around on the dole she works damn hard

[FredTransit]

No you shouldn't take money that isn't yours, but can anybody explain the logic in not paying a £7.50 standing order because the balance is £1 short, but then charge £25 to tell the account holder?

 

Would it not be fairer to pay the standing order anyway but still charge £25 for it? At least then the account holder would not have a black mark against them and the bank would still make some money, which it has to be said is what the banks are there for. Too logical for them?

[bortaf]

Had no probs with nationwide

every time i've gone over my overdraught they extend it upto what it would cost in fees if the payment bounced, very very fare IMHO

had 3 standing orders go over and only ever cost me pence in overdraught interest (9%) cant recomend em highly enough

[Rick]

the case went in the customers favour/.

 

get your letter off today! therel be a big backlog i reckon

[FredTransit]

Had no probs with nationwide

every time i've gone over my overdraught they extend it upto what it would cost in fees if the payment bounced, very very fare IMHO

had 3 standing orders go over and only ever cost me pence in overdraught interest (9%) cant recomend em highly enough

 

That sounds way too sensible, and fair as well.

[mk2_escort_chick]

I would go with the nationwide, but my company wont pay our wages into a building society

[sab6024]

I had a job which only paid by cheque every forth Thursday which made setting up DD and standing orders a pain in the neck My account suffered and the charges they made out of me every month was awful I had years of these charges and the banks weren't interested in helping me because I didn't have a consistent Pay date. I put my claim in months ago so now I've got my fingers crossed I'll get my money back

[Mrs O/H/C]

Put my claim in last year just before they suspended payments,so i am very happy that i may get some of MY money back.

 

Some of us live on a day to day basis and all it takes is for the account to be 1.00 short to give them reason to charge up to 40.00 for a returned d/d

 

then because of that charge you then STILL owe the company to whom the payment was for .. but by then you are 41.00 short.

 

Once that happens its quite quick for it to spiral out of control

[Perywinkle]

w00t been waiting on two and a half large back off the buggers.

[mk3cokebottle]

my letter is in and god am i gonna get pissed when the money comes back , but lads you can only claim the last 6 years

[julian.jay]

Sorry to be a damper but as I uderstand it the case today is just to see if the Office of Fair Trading is able to consider this matter. It is not yet to decide if the charges are fair. I think it is acepted now that the OFT can in fact consider the whole thing to see if the charges are fair.

A little nearer but not yet a result.

Julian

[ZetecVan 2.0]

The charges were set at £30 or whatever it was because that was supposed to cover the admin charge of sending out a letter in the first place (back in the 70s).

 

Now it's all automated and it costs bugger all for a computer to decide that it won't pay a direct debit and to send out a letter.

[Mr.Sumo]

Personnally i think the banks take the p*ss full stop .

 

My car payment was due out on the 1st of April as normal , money is sat in the bank.....15th April i get a phone call from the car finance company that the d/d had been returned " unpaid " WTF

 

So , i go into said bank , ask for a printout , and guess what , the money has been sat there all the time . So , why did the Bank in question not pay it ? There answer...............computer glich FFS !!!

 

Big row with said bank , causin a bit of a scene and refused to pay the £39 charge on the spot .

 

Not the 1st time said Bank have fooked up , so i have cancelled all my d/d"s , informed said companies coincerned that i will be paying by c/c from now on on the appropriate date .

 

( actually sat down when this Bank charge thing started , went through 6 years of statements....they owe me approximatly £10,000 . The letter is sat here waiting to be posted )

[V8ian]

Hey Sumo, I thought I was doing well with them oweing me 4.5k, Its enough to build my new garage, that is if they ever pay up!!!! using the courts as a buffer and the 6 year thing, they keep it running for 2 years they probably will have saved them selves a few pounds with people not being able to claim past the 6 years the banks will be saving money as time passes unles the judgement is retrospective.