Bank Charges - A suggestion

[dave]

There is, of course, another option.

 

We return the law to the way it was prior to 1986, i.e. The Employee chooses how they are paid THEIR wages.

 

I'd choose to be paid in cash, and keep my money in a shoebox under my bed - thus taking my chances with the honest theives.

 

Don't exceed your overdraft limit.

Let's also remember that you get charged for NOT exceeding your limit as well. I have only ever had one bank account with an overdraft - I have been charged a total of 62 quid for the bank NOT paying a £3 standing order twice. At no point did this £3 standing order take me over any *limit* - it was simply not paid due to insufficient funds, yet I was still charged 62 quid.

 

Of course, it was this incident that partly started this site - so not all a bad thing eh?

[dave]

sorry dave there are honest thieves??? contradiction in terms surely?

 

Not really - burglars are quite honest about what they are doing - stealing.

 

The banks are not quite so honest about it, if indeed, stealing is what they are doing! ;-)

[dave]

In response to the original message on this thread!

 

PLEASE DO NOT ADVISE ME THAT WHEN I TAKE MONEY OUT OVER THE COUNTER THAT I AM IN CREDIT AND MY OUTGOINGS ARE CATERED FOR AND THEN 4 DAYS LATER SEND ME A LETTER STATING I AM OVER-DRAWN!

 

says it all don't it!

 

Understandably, people don't believe this (I do, I have had three differing balances given me on the same day by three different mechanisms).

 

I say, understanderbly, as it clearly shouldn't be the case - and for some reason, some people actually hold the banks in high esteem still and think that they wouldn't act this improperly.

 

Judges, I bet are looked after by banks, so they don't see the problems first hand.

 

It was this injustice that prompted Richard Colby to first air the issue in the Gruniad.

[dave]

Yep. My old man always used to say "It's about time these bloody banks were called to order" - and that was about 15 years ago - seems like his wish might just be coming true!

[dave]

Maybe, but in less than a year, we've managed to get this issue in the papers/tv/radio pretty much every day - the courts are waterlogged with it, so is the FOS and the Information Commissioner - it's pressure from them that will make the difference - it's this way that the Govt. will be made to want change.

 

Keep this pressure up and in a year or two it'll make them more than take notice.

 

I can't see the Govt. taking any action directly though, as the banks will move their tax centre to somewhere else - which is not a good thing, for us, or them - and let's face it, this country is become an Us and Them society.

 

What needs to happen is what happened in 1926 - and I'm only half joking (thanks to BBQ beer!)

[dave]

Also, if there are DD's coming out on the same day, they are processed in order of largest first - this maximises the odds of the smaller ones bouncing and thus creating more charges.

[dave]

And if it's for a service, you'd think that the VAT man might be interested too - it just doesn't add up.

[dave]

Welcome back anonman!