Telz
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At least Dick Turpin wore a mask! I'm sure you should be able to contest this successfully! |
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Champagne 11 should be working
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Yes, i'm afraid they can. Whether you're overdrawm 5p or £50 you're still charged the same. |
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Goonhilda
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Yeah, I'm an Aussie and our banks over here are pretty much the same.
There are two plans of attack available to you.
First, research bank fees and open an account at a bank that has a more realistic, less rampantly fee gouging policy. They do exist. Then, close all your accounts at the crappy, scummy bank that committed daylight robbery, so they never get another cent of your hard earned. Make sure you withdraw all the funds over the counter before you say "I'd like to close my account" so that they can't charge you another 'account closing' fee or some crap. If they say you have to pay the fee, just say "Well, I will just leave the account dormant for the next 7 years. Go eff yourself. You won't get a penny out of me." I had one at a bank and they charged a $3 monthly fee. So I haven't had any money in that account for about 2 years. They will not overdraw the account for fees. I would check at your bank.
Alternatively, dodge bank fees. This is easy to do if you have an account that suits how you use your money. If you pay per withdrawal, then withdraw all your pay on payday and use just cash. If you have a monthly account keeping fee, well, just change banks. Those fees are daylight robbery.
Can you tell I hate banks?
Best wishes |
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(^-^)-♪
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Check out the contract you signed when you opened the account. It is perfectly legal for them to do |
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BobApril
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The only thing you can really do to protest it is to switch to a bank with lower fees - but since they all watch each other and tend to raise fees to match each other, that's going to be tough to do.
It's legal, though - sorry. |
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funksoul2000
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yeah its in your contract, basically, yes you give them your money, but when u go into debt its not your money, so if you try to pay a bill thats 50 pound and tyou only have 49 pound then that other pound isnt yours, its the banks! basically only use the money you have |
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Ash L
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hey,
My suggestion.. go into the bank. speak to the person at the info desk- BE POLITE and nice and calm- explain to them that as it was such a small amount you don't think the charges were fair. IF you're not always going overdrawn and having direct debits or standing orders bounced then they may return it to you. Banks don't like bad press. Staff are also normal people- if you shout or are obnoxious or otherwise show negative personality traits.. they don't want to help you and are therefore less likely to argue your case to a manager. If you're nice and polite and calm.. they'll want to do this for you.
Just remember it's not the staffs fault. They are given a set of rules that they have to follow or it's their job on the line.
The fact of the matter is you signed a contract with the company stating you would have enough money in your account when they wanted to take it. You should have had the money in there. The charges system is also automated- chances are none of the staff in your local branch even know of the charge- they're not the ones who put it on there.
Goodluck and I hope you do get the charges back.. and if you don't.. theres still a way to get them eventually- it involves a £10ish fee and writing a letter stating that you think the charges are unfair and wish them back- you can get all your charges for the last 6 years or so back this way.. i'm not sure of the website but i'm sure if you google it you'll find it. |
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Lily B Talus
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read your terms and conditions - you agreed to this when you joined the bank |
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Snakeman !
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Yes they can !
Banks are entitled to charge their standard fees (which are available for public viewing anytime on demand) for unauthorised overdrafts !
It's a way to make customers manage their finances ! Yes - it seems a lot of money for such a small indiscretion BUT banks have to balance the books at the end of the day just like any other business.
The fees they charge offset the interest they pay to those people who's accounts are in credit. |
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lindybug
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they can do this untill the ruling at the courts is decided as to what is fair and whats not you could contact your bank and appeal to their better nature as it was only 51p they may reverse the charge d give it ago |
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Caroline
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I quite agree.
So let's get our revenge on them by using a legal loophole to avoid repaying debts to them
http://www.financeangels.org/
I am on a crusade.
It isn't just the charges that annoy me, when was a corporate banker just starting as a graduate in the bank, I used to work ridiculous hours. Sometimes from 7am to 7pm and then take work home even though I was still breastfeeding my baby. Why? because the banks would not pay to have the right number of staff. Why?
So they could pay out big dividends to the shareholders (mainly pension funds) and big bonuses to the top guys, I mean in the 100,000s.
So come on everyone, let's get revenge.
http://www.financeangels.org/ Use this legal loophole to not have to pay back your credit cards and loans. What does is cost for the loans? Nil Nil Nil
Why?
Oh because these naughty banks have to pay the fee when they are found guilty of not using the correct paperwork. Oh revenge can be so sweet!!!!! |
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Rhiannon
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Grrrr, banks nowadays... they just want more money, you should complain and give in the 51p saying you're sorry! Well, actually... don't bother saying sorry.
That's obscene, it's obscene that they can do that! I agree it is totally unfair! It was only 51p!
I've never been in a situation like this before, but personally I think you should complain! |
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MattyMcMatison
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Its criminal activity that is actually legal. Banks take OUR money and actually punish us for wanting it. |
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