Barneybubble Vs RBOS (2) £12430.00

[barneybubble]

Good to hear from you Hedgey. I believe that they are offering to pay all of the penalty charges on the business account. NOT any extortionate charges for banking with them.

I think the personal account has now become the one to chase and need to change my POC before stay is lifted or decission by court case, just in case. THANK YOU FOR YOUR HELP. Do you have a link to a template for a personal account POC?

[lancasterchelsea]

yes i agree...... if you are getting most or all business referrals and unpaids plus interest, then that is the same as I am claiming, and i would accept

[barneybubble]

Thanks Lancasterchelsea. I will keep you posted and keep upto date with you case. GOOD LUCK. I will keep posting on this one. My other thread is

Barneybubble Vs RBOS (1) £7775.00

Hedgey i could still do with your final advice!

[hedgey06]

I'm here hun! The link you'll need for the personal PoC (RBS) is this one http://www.consumeractiongroup.co.uk/forum/royal-bank-scotland/110284-new-rbs-poc-n1.html

 

And if you're accepting their offer on the business account, I think it's a wise decision hun. As they're offering to refund all penalty charges, I think this is what you can call a great result.

 

Well done - you've done a fantastic job. And, fingers crossed, you'll have the cash in time for xmas as well! xxx

 

EDIT: can I just add that I think you need to revise your business banking arrangements. You're paying way too much money for online banking barney. Don't let them take your hard-earned cash like this.

[barneybubble]

A thought before bed. If I used the interest charger I could be apprx £400 short. Do I say I want EVERY PENNY WITH COMPOUND INTEREST?

[hedgey06]

A thought before bed. If I used the interest charger I could be apprx £400 short. Do I say I want EVERY PENNY WITH COMPOUND INTEREST?

 

Might be a bit late to change the horse mid-race barney.

[barneybubble]

As they would say on Blackadder, "you are a wise woman" Hedgey!

[hedgey06]

Lol......... could you please inform my husband of that barney? He thinks I'm potty!

[barneybubble]

Thanks again Hedgey. Tell your husband you probably are. Lancasterchelsea I will keep posting.

[hedgey06]

Nice one barney! x

 

Is it time to get your thread changed to ***won***?

[barneybubble]

Lets see the colour of their money first! Letter of acceptance of tomorrow. No mention of accepting the charges being applied NOW are just!

[hedgey06]

No worries barney!

 

And don't forget, any charges that have been applied to the account since the date of the last charge on your current claim = business claim no. 2! x

[photoman]

Barney

Been watching in the wings.

IMHO I agree that it would be a wise move to accept current offer.

This way you get the actual unlawful charges back, which is after all the point of the whole exercise.

I was going to comment earlier about the other fixed charges for banking; set up/arrangement fees, charges per item, monthly business account management charges etc which are unfortunately legit (albeit still outrageously high) and how these cannot actually be deemed as penalties. So they are not subject to the same rights to contest. However others have already advised you properly in that respect.

 

If their current offer really does encompass all the unfair charges then IMHO it would be advisable to accept.

 

However, one final note of caution;

 

Be careful what you do sign and agree to as terms of the offer.

Only agree to accept what is currently on the table as a settlement in respect of the current case ONLY.

Be careful not to agree to anything that may restrict any rights you still have in respect of any other charges incurred since commencing actions.

 

If unsure about extent of the agreement, then post it up, or PM it to someone to take a look before signing and agreeing to it.

 

regards

 

PM

[photoman]

PS: And also, only write to the court to withdraw your case AFTER you have received settlement, NOT before.

And do remember to do that. You don't want to be seen as someone who does not understand due process or not keep their word, especially as you want to keep the courts on your side for later.

There are several examples on CAG of suitable letters to write, I'm sure Hedgey will direct you there.

 

PM

[lancasterchelsea]

Hedgey....... I dumped RBS and went to Alliance and Leicester Commercial Bank........ they are good for cash transfers/cash handling and you do all your stuff internet/post/post office. Nationwide also do a good deal

My charges are now ZERO.... instead of about £1,000/year

I didn't do many transactions but RBS hit me with lots of big fixed charges such as annual/monthly fees which AL don't do. If you want some more info PM me

[photoman]

Barney

Some good advice from others regards looking for cheaper options for your business banking needs.

In actual fact, there is no legal requirement to operate a business using a business account at all (certainly with sole traders, the rules may be different with limited companies etc).

As far as the law goes, as long as your annual accounts are in good order and you pay your taxes etc there is no legal requirement to use a business account.

Banks just want business' to use business accounts because it makes them money.

They try to justify this by claiming that a business account requires more management, has more transactions going through etc. Which is a fallacy. Many people have just as many transactions, cheques, cash withdrawals, SO's, DD's etc going through their personal accounts.

 

This brings us all around to the common contention that bank charges are used as a form of funding to enable banks to offer free personal banking.

That several banks are now hinting that the end of such charging practices would herald an end to free personal banking is just scaremongering; an attempt to shift the blame away from their own greed, by implying instead that such changes would be as a result of a radical few. All in an attempt to try and get support from those customers who've never fallen foul of their spiralling debt traps to allow them to maintain their current highly profitable practices.