Charges applied without notice.........allowed or not?

[Hugh Jeffort]

Hi All,

 

Been reading through my T&C's for clarification on this but I cant find anything relevant.

 

Are the banks allowed to take money in so called charges without notifiing you first?

 

A&L have just taken 2 lots of charges from my account for being overdrawn which ironicly has put me overdrawn again and has incurred more charges, the thing thats annoying the most is they didnt even send me a letter to tell me they were taking any money, they just took it the day I went overdrawn!!

 

Its like vultures around a carcus!!!

[bha100]

Hi All,

 

Been reading through my T&C's for clarification on this but I cant find anything relevant.

 

Are the banks allowed to take money in so called charges without notifiing you first?

 

A&L have just taken 2 lots of charges from my account for being overdrawn which ironicly has put me overdrawn again and has incurred more charges, the thing thats annoying the most is they didnt even send me a letter to tell me they were taking any money, they just took it the day I went overdrawn!!

 

Its like vultures around a carcus!!!

 

The word parasite is to good for a&l and there master Banco Santander, oh yes the boys and girls at this outfit have dreamt up a cracker, the Payment Review Fee, thats right its not an overdraft fee its a cool £25 for every payment that they review and decide if they will pay or not.there overdraft fee is a very reasonable £5 per day.

 

Payment Review Fee

 

If you make a payment from your account and there is not enough money in your account to cover it, we will decide whether to make the payment. If this happens, you will pay a payment review fee of £25 for each transaction.

 

If we decide to make the payment, we will take this fee from your account at the time we make the payment and send you a letter to tell you this has happened.

 

If we decide not to make the payment, we will take this fee from your account at the time you make the payment. We will return the item (such as a cheque) to the person who asked for the payment and send you a letter to tell you this has happened

 

You will see that they state that they take the fee from your account right away, so yes in answer to your question yes they can and do.

 

I went overdrawn by £4, yes my mistake i know but it ended up costing me £65 2 review fees and 3 days overdrawn fees @£5 a day.

 

They say that these payday loan companys apr's are a rip off, but they atleast lend you £100 for a month for £25, whats a&l's apr on lending me £4 for 3days at £65.

 

Do what i did, just forget it as you will get no joy from this shower.

[Hugh Jeffort]

Thanks for that info.

 

I can do a little better than the £4!! I went £2.50 overdrawn and ended up getting charged £375.00, I did negotiate the money back but it took months of phone calls, letters and conversations where I was made to feel like a criminal!!

 

I'm beginning to think switching to A&L was a mistake, they are ruthless with their charges, even when its their fault!!

[andylondonuk]

Same here .. can't beat Hugh I'm afraid, but £45 for borrowing £6.39! .. Is there a "hall of fame" for these charges!

[Its WAR]

I am at £184 for being £2 overdrawn, and that two pounds was after a £5 of charges. Then they just took the £184 from my other account (without telling me) to pay off the overdraft. See my thread. £5.00 underfunding charge now £5 a day