Omega Owners Forum - Bank charges

Ken T

Omega Knight

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Posts: 1990
Gomersal, Cleckheaton
Gender: male

Drives: 2.6 CDX Auto

Re: Bank charges
Reply #15 - 25. Nov 2009 at 19:28

Quote:

Ken T wrote on 25. Nov 2009 at 19:22:

Quote:

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

I think the thing was that charges have to be reasonable, and reflect a true cost of the overdraft, which their's plainly weren't.

Having been caught by charges pushing us over next month and hence more charges I am not exactly happy with the incompetant, thieving, useless B*******

Ken

The cost which they choose to place on any of their services is no different to what any plumber/electrician etc. chooses to place on their services. Why should banks be different? You can always tell a plumber to get stuffed, and then watch your house flood. You can always tell a bank to get stuffed, pay what you owe them and close your account.

Eh no, I turn off the water and then fix the leak, simple really Grin

ken

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I used to be indecisive; now I'm not so sure...

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Ken T Omega Knight Offline Posts: 1990 Gomersal, Cleckheaton Gender: Drives: 2.6 CDX Auto	Re: Bank charges Reply #16 - 25. Nov 2009 at 19:31 The banks will always survive, they've got lots of friends like Mandelson behind them ken
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Mantahatch

Omega Knight

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Posts: 1637
Gender: male

Re: Bank charges
Reply #17 - 25. Nov 2009 at 19:31

Quote:

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

For once I tend to agree with you, however a friend of mine opened an account many years ago, which would not allow you to go overdrawn at all, he would go to the cash machine and if he had no money in his account he could not draw it out.
So the bank move the goalposts and remove this block without telling him and he goes overdrawn. I this right.

Also I have just opened bank accounts for my son's (14 and 16) and they cannot go overdrawn until they are 18. Why the heck can't the banks just keep block on an account if you ask for it.
Tha banks do it on purpose to make more money out of people.

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STMO123

Ex Member

Re: Bank charges
Reply #18 - 25. Nov 2009 at 19:35

Mantahatch wrote on 25. Nov 2009 at 19:31:

Quote:

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

For once I tend to agree with you, however a friend of mine opened an account many years ago, which would not allow you to go overdrawn at all, he would go to the cash machine and if he had no money in his account he could not draw it out.
So the bank move the goalposts and remove this block without telling him and he goes overdrawn. I this right.

Also I have just opened bank accounts for my son's (14 and 16) and they cannot go overdrawn until they are 18. Why the heck can't the banks just keep block on an account if you ask for it.
Tha banks do it on purpose to make more money out of people.

Sorry to harp on, I dont work for a bank, honest Grin

, but I do think it's an individuals responsibility to know how much money he has, not the banks.

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Martin Imber Over Active Poster Offline LPG Omega V6 - Keyfobs Rebuilt Posts: 20110 Worcester Gender: Drives: 2001 Omega 2.6CD LPG & 3.0 cams	Re: Bank charges Reply #19 - 25. Nov 2009 at 20:03 Well some people go over due to changed direct debits - it does happen. Some charges are ridiculous like nearly £400 for £40 over
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davethediver

Omega Knight

Offline

Posts: 1323
Blackburn, Lancs.
Gender: male

Drives: 2.2 CD Facelift (2001)

Re: Bank charges
Reply #20 - 25. Nov 2009 at 20:16

I myself have been caught out with charges before, however i was lucky enough to claim all my charges back

many years ago before all this high court stuff went on.

I agree that if you go overdrawn then the banks have a contractual right (its there in the small print) to charge a fee for this, its the fact that they charge a fee for it and this then takes you overdrawn hence another charge and so it continues that i disagree with.

These days im just a lot more carful but i i do sympathise as it can be a viscious treadmill so to speak.

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“It is not necessary to understand things in order to argue about them.”
P.A. Caron de Beaumarchais

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Harison213 Junior Member Offline Posts: 100 Surrey Gender: Drives: 2003 2.2 CD	Re: Bank charges Reply #21 - 25. Nov 2009 at 20:18 im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?
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STMO123

Ex Member

Re: Bank charges
Reply #22 - 25. Nov 2009 at 20:24

Harison213 wrote on 25. Nov 2009 at 20:18:

im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?

Yours. £300 - £X doesn't = £300. I thought you'd have guessed that. Roll Eyes

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Martin Imber

Over Active Poster

Offline

LPG Omega V6 - Keyfobs
Rebuilt

Posts: 20110
Worcester
Gender: male

Drives: 2001 Omega 2.6CD LPG & 3.0 cams

Re: Bank charges
Reply #23 - 25. Nov 2009 at 20:25

Harison213 wrote on 25. Nov 2009 at 20:18:

im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?

The banks

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The other tuned 2.6. DIY LPG, towbar, upgrade ICE & Wing Spoiler, Air shocks, Eibach Pro Springs, Poly WB bushes, WIM setup, HID conversion, 3.0 cams, ported ect.

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KillerWatt

Ex Member

Re: Bank charges
Reply #24 - 25. Nov 2009 at 20:28

Harison213 wrote on 25. Nov 2009 at 20:18:

im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?

The only way you can truly lose track of what you have is if you have hundreds of thousands at the least, monetary levels that don't make at least 3 zero's on a weekly basis aren't going to confuse anybody IMO.

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STMO123

Ex Member

Re: Bank charges
Reply #25 - 25. Nov 2009 at 20:29

Martin Imber wrote on 25. Nov 2009 at 20:25:

Harison213 wrote on 25. Nov 2009 at 20:18:

im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?

The banks

Good grief Martin! If you have £300 on a Friday and you take out £200 on Saturday and £200 on Sunday, it shouldn't come as a great surprise that you are £100 overdrawn on Monday. Sheesh.

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STMO123

Ex Member

Re: Bank charges
Reply #26 - 25. Nov 2009 at 20:29

Quote:

Harison213 wrote on 25. Nov 2009 at 20:18:

im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?

The only way you can truly lose track of what you have is if you have hundreds of thousands at the least, monetary levels that don't make at least 3 zero's on a weekly basis aren't going to confuse anybody IMO.

Well, apparently you're wrong Roll Eyes

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« Last Edit: 25. Nov 2009 at 20:30 by N/A »

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KillerWatt

Ex Member

Re: Bank charges
Reply #27 - 25. Nov 2009 at 20:33

Quote:

Harison213 wrote on 25. Nov 2009 at 20:18:

im on my phone but couldn't resist: i got money out of atm on a saturday and the receipt says i have 300 left. i got money out of atm on sunday and it says 300 left!! then got charged for going od cuz i only had 300 in account on friday but the computer doesn't update balance over weekend ! who's fault is that?

The only way you can truly lose track of what you have is if you have hundreds of thousands at the least, monetary levels that don't make at least 3 zero's on a weekly basis aren't going to confuse anybody IMO.

Well, apparently you're wrong Roll Eyes

That's why there are so many "no win, no fee" mouthpieces about Steve.
Apparently it is perfectly acceptable to be a dumb *uńt these days, and woe betide anyone who point's out the obvious Roll Eyes

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« Last Edit: 25. Nov 2009 at 20:34 by N/A »

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Opti Omega Lord Offline Not as smart as his avatar Posts: 5372 South Lincolnshire Gender:	Re: Bank charges Reply #28 - 25. Nov 2009 at 20:35 It looks to me like STMO........is the bankers new "best friend"........I say we all string him up.....as an example to all greedy ....inept.....incompetent ....banks. .......it would be for his own good...
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STMO123 Ex Member	Re: Bank charges Reply #29 - 25. Nov 2009 at 20:37 Opti wrote on 25. Nov 2009 at 20:35: It looks to me like STMO........is the bankers new "best friend"........I say we all string him up.....as an example to all greedy ....inept.....incompetent ....banks. .......it would be for his own good... If I have to listen to much more cr@p, I may string myself up!
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