Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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The charges were unfair, they aint all gonna rush into charging for accounts, competitions act would be all over that 
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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In my eyes, if you'd have read the T&Cs you'd have seen what they would charge you if you used more money than you have - whats unfair?
The fact you can go into a bank and ask for an authorised overdraft which is considerably cheaper than going overdrawn without authorisation seems to pass a lot of people by.....
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micra_pete
Premium Member
Registered: 23rd Apr 03
Location: West Yorkshire
User status: Offline
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i assume everyone claiming their charges back realise / realised that its just going to mean the end of "free" banking?
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by micra_pete
i assume everyone claiming their charges back realise / realised that its just going to mean the end of "free" banking?
No it wont, thats just pure scaremongering by banks
Some will try to push it through and probably will charge, then others will offer free banking to attract you to them.
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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What Cosmo said re. tempting etc
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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quote:
Originally posted by aPk
whats unfair?
Being charged £30 for a mistake which isn't yours? then being charged another £30 because that mistake takes you into your overdraft?
No, wait, that's totally fair, I forgot how 'fair' works there for a second.
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micra_pete
Premium Member
Registered: 23rd Apr 03
Location: West Yorkshire
User status: Offline
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you think cosmo love?
I hope your right, the banks are having a bad time at the minute - obviously thats relative.
But they will get the cash back one way or another
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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yeah thru interest rate decreases that they dont pass on 
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micra_pete
Premium Member
Registered: 23rd Apr 03
Location: West Yorkshire
User status: Offline
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banks are cunts, it'll cost the public imo
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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Excellent news - People that can look after their money are likely to be charged for a bank account.
Winner
Corsa 2.0 16v Vegas - Sold
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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Whats not fair is the fact the £30 or whatever charge is MORE than the actual cost to the banks of you going overdrawn, and thus makes this charge a penalty charge - which in UK banks is illegal.
If penalty charges were legal then Id agree its fine and the persons own fault for not managing their money correctly - but when companies decide to illegally make billions and billions I tend to swing into the not fair camp.
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AndyKent
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Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by Robin
quote:
Originally posted by aPk
whats unfair?
Being charged £30 for a mistake which isn't yours? then being charged another £30 because that mistake takes you into your overdraft?
No, wait, that's totally fair, I forgot how 'fair' works there for a second.
A mistake that isn't your fault - absolutely fine. If the money isn't due to come out of your account but a third party takes it anyway, then the third party should refund you. No, in that case it is not fair to be charged, but isn't the banks fault either.
Cosmo, as far as I know, a bank is a business not a charity - someone going overdrawn without authorisation is effectively taking money which isn't yours to take.....is that fair? I think they should charge whatever they like, so long as they make it clear when you sign up for the account - how can it be unfair if they told you what it was to start with? Not like you should be surprised is it?
[Edited on 24-04-2008 by aPk]
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by aPk
Cosmo, as far as I know, a bank is a business not a charity - someone going overdrawn without authorisation is effectively taking money which isn't yours to take.....is that fair? I think they should charge whatever they like, so long as they make it clear when you sign up for the account - how can it be unfair if they told you what it was to start with? Not like you should be surprised is it?
As its an illegal charge, no matter if they told you about it or not.
Its like them saying if you go overdrawn they will come round and kneecap you. Its not legal, but if they told you this before hand then what can you complain about....
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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If you've read the terms and what they say they will do, it is not unfair - unfair would be to say you owe them £5 going overdrawn, but charge you £10.
You should have read it all the documentation and signed on the line to say that you agree to all their terms - if you didn't read it thats your fault (not yours, but anyone incurring charges). And as yet the charges are not illegal - possibly 'unfair' but even that hasn't been decided yet.
Using your theory, I could come round your place and take £100 just because I felt like it without asking.
Obviously, you wouldn't mind one bit and would only make me pay back what it cost you plus what I borrowed.
[Edited on 25-04-2008 by aPk]
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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YAWN @ all you perfect people, it's not gonna affect you ffs jump down off your horses ffs 
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by aPk
And as yet the charges are not illegal - possibly 'unfair' but even that hasn't been decided yet.
Using your theory, I could come round your place and take £100 just because I felt like it without asking.
Obviously, you wouldn't mind one bit and would only make me pay back what it cost you plus what I borrowed.
Yes they are illegal, thats never been the issue with this, they are charging more than the cost when someone goes overdrawn or whatever and therefore its a penalty charge. Penalty charge = illegal.
And yes, under the LAWS in the UK that is exactly what I'd have to do if I was a bank. And to use your arguements - its not like the banks didnt know this when they were going through the red tape in setting up over here - they would of read the laws and signed, blah, blah, blah.
Luckily Im not a bank, so I would kneecap you if you took money from me 
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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I agree with the 2 scouse bastids
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