 A friend writes a $400 bad check so he can pay rent. Could I goto my bank and simply cash it? |
Or would they come after me for the money when it brings him over the limit?
Additional Details
He's not roommate just a good friend. And we thought he would get all the fee's ... |
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 How do I make a few extra $$? |
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 Does Joing a Sam's Club really save you money? |
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 Serious problems - financial or moral advice please? |
Ok this is a bit of a long one, but I really need help with this one. Ok, here goes:
My mum is a property developer and my dad is a builder but has quite severe mental problems which means that ... |
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 40,000 from a million is this true? |
I heard that if you invest one million euro in a bank, you can make back 40,000 each week in interest. Is this true?
Obviously im not talking about one bank that does this - As I assume ... |
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 How much money should I make per week before I move out of my parents' house? |
| I live in Southwestern Ohio and would like to move out. I intend to move to somewhere near Dayton. My father says that I have to make at least $600 per week, but that doesn't sound quite right ... |
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 Why do banks charge overdraft fees? ? |
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 I will be getting a bout $30,000 - $40,000 soon and am not sure what to do with it.? |
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 Opening a bank account without id ? |
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 The best way for earn money via internet? |
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 Can you get bad credit if you dont pay a cable bill? |
| I recentlty turned off my cable and returned everything but I still have a balance I owe. I dont plan on using them again but i'm wondering if they'll give me bad ... |
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 What's the best way to get rid of college loan debt? |
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 My best friend cant pay back my money (10000) that I'm in very need to,i may go to jail? what to do? |
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| Would you rather be really rich and unhappy, or poor and happy.? |
Additional Details
Correction *really poor and unhappy.... Thanks for the answers.... |
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 30 years till retirement, Should I live in an Expensive City or Cheap City? |
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 Can I buy gold bars and sell them later? |
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 My dad has found some old money in some boxes that were left to him by his dad about 3 years ago.? |
| He hadnt really gone through them at the time and now the notes are not legal tender. The amount is about £3000, the notes are after decimalisation but before the current changes in notes, so he ... |
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tracey | Is it true that banks cannot charge you more that £12.00 for charges? |
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lou lou
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Unfortunately banks charge ridiculous amounts of money! We get charged £35 if a payment has been rejected, or £25 if we have gone over our overdraw limit.
What is true is that it is considered unlawful for a bank to charge more than £12. Therefore if you find a good company to use, you can claim a lot of your charges back from your bank. We're about to go through the process of doing this with Alliance & Leicester... It's a pain, and you pay a percentage to the company you use, but I'd rather they have part of the money than the bank keep it! xx |
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5yellowchips
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It is illegal for banks to penalise you with charges, they can only make their money back.
The guideline amount is £12 but if you can show their costs were less than this (which they almost certainly are) the bank would still have to pay up.
However it will take a while to get any money out of them, you normaly have to have a court date set before they pay up. |
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roo
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No, if my account goes in to the red, I get charged £25. |
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buntslever
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In theory, yes. The Office of Fair Trading in the UK has said that any charges above the cost to the bank of dealing with your situation is a 'penalty' and as such is illegal. £12 is the upper limit that they think a bank can legally justify - the usual cost to the bank is about £4.50.
You can apply to your bank for a break-down of any charges imposed on your account over the last 6 years, then ask them to amend them, or threaten to take them to the County Court. The bank can charge you - normally £10 - for this service.
In theory it is fine. There are plenty of advice sites on the net - something like 'excessive bank charges'. If the charges work out in the hundreds of pounds bracket, then it is worth doing. But the companies that recover charges on your behalf say it is not worth their while for charges less than £500. And going it alone is a bit of a bind. Depends on the charges imposed.
Look on the internet, then make your own mind up whether it is worth it.
Hope this helps. |
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Let Me Leave Y Ans I'm Bored
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http://www.moneysavingexpert.com
Banks cannot charge you more than it costs them when you go into the red. Most banks have now changed there terms and conditions to reflect this. Charges made to your accounts over the last six years can be reclaimed. |
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Frodette Baggins
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The banking Ombudsman has stated that a charge of £12.00 as a maximum is fair. Anything over that cost is unfair unless they can prove that their costs were greater than that sum. This is not just banks but all financial institutions including mortgage companies and credit card companies.
The banks, etc, can, in actual fact, charge you what they like - but you have the option of telling them that you regard it as unfair and that if they don't refund the difference then you will take the matter to court. You can do this for the unfair charges for up to six years, I believe. I think that you will find that they will pay up!
I hope that you kept all of your bank statements!
Go for it - and good luck! |
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teazer33
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nope, xxxxxxxxxx they charge what they like, xxxx |
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Scooby Doo
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no, it's not true. the bank CAN and Do charge pretty much what they like.
However, by law they are only supposed to charge a reasonable amount to cover costs, which worked out by a bank omnibudsman is around £4.50.
so if you want to claim back all those extra charges go to this site. |
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ronb48146
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take a look at the banks, someone has to pay for them. there is no limit to what they can charge. |
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tartweeble
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While its not illegal to charge you more the bank has to justify the charge. Request a copy of all the charges you have received in the last 6 years along with exactly what they were for, then request a refund. Whilst they will make it difficult for you and use the official complaints procedure to make it a long drawn out affair, they will refund usually claiming its a goodwill gesture. If however your account has ever gone into serious problems and they've used a collections agency then you wont get a penny. Good luck! |
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peter o
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anything from £15-£35.how do you think they make billions
a year profit.mugs like us thats how. |
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