THE POVES
 |
That's how they make so much money ? |
|
Jane H
 |
Listen to derbyandrew, he's totaly right. I'm in the process of claiming back £1000. It's illigal for banks to charge you, it's been on the news and on money progs. |
|
derbyandrew
|
Look at my previous posts regarding Bank charges - they are an illegal penalty and you can get them back if you know what to do. Go to the Bank Action Group website and they will show you how to go about it - you can go back as far as 6 years if you have had this problem before.
At the last count Banks had paid back in the region of £6m to ordinary customers who have had charges imposed.
When you get your money back you will be in the black and just have to be careful in future. An overdraft is just a loan - the Banks are quite within their rights not to offer you one. Just don't get ripped off with illegal charges, make a stand. |
|
sexytrojan
|
What do you mean you have asked for "n overdraft many times?"
If you don't have enough money in your account to cover your spending, they are within their rights to charge you. |
|
clownwitafrown
 |
1) stop overdrafting your account, always keep 50 bucks in each account as often as possible...2) yes they can if you keep overdrafting...3) keep all of your overdraft bills, bring em into the bank personally to sit down and go over with an accountant there...tell them your situation and ask for free checking (it means it just wont allow you to take more than you have in that account when you try to withdrawal and wont charge you 20 bucks everytime) |
|
spannerbox
|
It's their money your spending, so guess they are entitled to charge you for the privilege, best thing you could do is stop spending and get you finances under control, so you don't spend their money |
|
Crazy Cat Lady >^..^<
|
I have to agree why are you spending more then you have ? Are they chargeing you a overdraft service fee ?like a fee of $7.00 per month just to have the service and the fee is making your account overdraft? |
|
morrison13@btinternet.com
|
if you are writing cheques and they take you into the red they will honour that cheque and charge you for it or they return the cheque which they will also charge you for, you can go to your bank and complain about this and in most cases they will refund you the charge, ask for an overdraft it doesn't cost much and then you will save on charges. |
|
Mark S
 |
go on to:-
moneysupermarket.com
This site will list the best loans/credit cards available
Get a 0% credit card. Tell the credit card company when you setup the account that you want to do a balance transfer. Give them your current account details.
This should help you out for a bit |
|
sml
 |
you are the key; stop overdrawing your account and they will stop assessing fees; that is the penalty for your inability to fall within the guidelines of banking; sooner or later they can and will close the account if you don't meet your obligations and keep money in the account to cover your expenses ; don't pay overdraft fees and they will just shut the account down; an occasional oversight has happened to all of us but numerous times means you need to pay attention to your account funds before spending and step up to the plate and pay the penalty when you don't. |
|
zippythejessi
|
Yeah, they're allowed to do this. You can ask for overdraft, but you often need to APPLY and BE APPROVED for it. (It's like a line of credit.) Therefore, if you've not applied or not been approved, and you overdraw your account, you will get charged. |
|
Sue C
|
They are only allowed to charge a one off fee of thirty pounds, which is called a handling fee, if they keep charging you it is illegal and you can claim all other charges for the past six years, contact your bank and ask for your statements for the last six years, then go to your bank in person, and believe me you will get your overdraft, and all your overdrawn charges. |
|
Biz Guru
 |
Guess they turned your request down. Yes they can charge you if you spend their money. Get your account sorted out and then ask politely again. |
|
just trying to make a difference
|
yes they can charge you if you go overdrawn (as this will form part of the terms and conditions of your account) and they have absolutely no obligation to lend you money - especially if you are not in a position to repay them.
the only thing to bear in mind is the recent revelations over bank charges - the charges should be fair, so if you are being charged say £30 each time you go £2 overdrawn this is unfair and you can ask for a proportion of the charges to be paid back, this can be done for the last 6 years. |
|
ricks
|
Yes, they can charge for this as it should be clearly stated in the aggreement form & fee schedule you were given when you opend your account.
I am not sure what you mean by, "i have asked for n overdraft many times", but I am assuming that you mean you told them to no longer honor checks that will overdraft you. This, they can do. You can tell them to not pay any items that will cause an overdraft to your account. The problem with this is that it will cost you even more problems & fees. For them to reject a payment that you make, you will still be charged the regular NSF (non-sufficient funds) fee. Which we will say is $30. What will happen is this:
You have $50 in your account & you have a check for $60 that is presented against your account. since you tell them that you dont want any checks to overdraw you, they return the check for NSF, which still incures you a fee for NSF & not for overdraft. The fee will cause your account to now have $20.Then the people you wrote the check to will redeposit the check again hoping to get payment from you, and you will get another NSF fee which now brings your balance to -$10. Plus any fees that the person you wrote the bad check to & the original $60 you still owe.
If that is what you want them to do, you can let them know that you would rather they return the check you wrote, that you didnt have the money for twice for $60 + $60 you owe + any other fees the other person or bank will charge you, which is usually about $25 each time it bounces. So that $60 check that you knew would not be covered & cost you $30, would now cost you around $170.
Or you could pay with the money you have & know you have. Or use money orders from now on if you cant balance. |
|
Michael H
|
Yes, they are right.
You can incur charges if you go overdrawn. If you want to have an account with no overdraft limit then you'll need to find, and open one. Not all account types can be customised.
If they removed the overdraft facility you would have had bounced bank presentations, they would have also incurred charges. The real route cause of the problem is lack of funds for the presetations you are making.
I'm overdrawn by £213K at the moment........nervous ? not really. |
|
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
