Bank And Credit charges in EEC Countrys

[Rbphot]

I've been wondering about the levels of charges in countrys such as Germany etc, I've hear that the charges are minimal in other EEC countrys for the sort of infractions we in the UK seem to be ripped off with.

 

Can anyone confrim this with examples of actual amounts incured for penalitys, The reason I ask is some UK credit card companies operate in EEC countries, and surely under EEC rules should not be able to charge vastly higher penalitys in one member state to an other.

 

If they do they can't claim the charges are fair, eg. A computer in Germany issues a charge and letter = 5 Euros, Computer in UK issues a charge and letter = £25-£40 depending on company.

 

Surely if this is the case a complaint to Brussels about unfair terms and contracts, I'm sure somewhere in EEC contract there has to be some protection for customers.

 

Maybe someone in the know might see a way.

[HadEnough]

Very good point, i wish i knew the answer,i will be watching this with great interest, and so should the banks/solicitors/judges/and everyone on this forum. thanx for bringing this up!!!!

[Rbphot]

Hi, After having a search through CitiCards (as this is one of the companies I'm currently engaged with for refunds) German website I uncovered the following information, I had a german co-worker verify the information, and I have done a quick translation to english to make it easier for everyone.

 

As I suspected the charges are tiny in comparision to the UK, true they pay for lost cards and other thing like new PIN etc, but this is better than the ripoff we have now.

 

From their condition/rates PDF

 

Replacement of Card due to damage or Loss by customer = 10,-EUR

 

Fast Card - Replacent card within 24 hr = 50,– EUR

(48 hr outside Germany)

 

Request for a new personal (PIN) = 1 5,– EUR

 

Additional manual monthly account statement on customer's request = 5,50 EUR

 

Cost for Customer at fault going overlimit = 4,– EUR

 

Request of reciepts of transactions(is void with justified complaints) = 5,50 EUR pro sheet

 

Costs of action for Payments in arrears

 

1. Service letter = 3,– EUR

2. Service letter = 3,– EUR

3. Service letter = 3,– EUR

plus postage = 0,90 EUR

 

Non payment/Late payment of Monthly Invoice amount = 10,- EUR

 

Link to origional PDF

 

 

http://www.citibank.de/downloads/doc/preisubersicht.pdf?miSID=3FDEE4F7-E7A6-4AC7-BCF3-7AFAAD326886

 

 

As you can see the charges for letters are 3,-EURO + PP(£1.50) not £25 or more, and infractions like going over limit are 10,-EURO(£5) not £12-£40.

 

This just show the extent of their greed for profit and how unprotected by the Law/Government in this country we are

 

 

Cash Cow Britain. - We are ripped off at every turn....

[kevb0444]

Hi Rbphot.

 

I have a friend who lives in Austria who i've spoken to about all this. She says the charges over there are no where near the same as ours. I'll ask her to send me some actual leaflets/documents from her bank if you like. I'll also get her to translate the most relivent details.

 

I'm not sure which banks she is with but it would be good to get an idea of what the charges are like in the rest of europe.