Bank Charges - Page 3

Kitten · 18-09-2009, 09:52

No, the key word is 'fair'.

divine · 18-09-2009, 10:26

Surely there needs to be some sort of penalty for going overdrawn without authorisation though, otherwise people are going to start taking the mick and abusing it? :/

Admiral Huddy · 18-09-2009, 10:55

Quote:

Originally Posted by Kitten

No, the key word is 'fair'.

Sounds perfectly fair to me. Bank provide an overdraft limit as an enegency buffer wich is authorised borrowing. If you go outside that then it becomes an extra facility..

If you go to the bank for asking for a loan, you pay for the facility plus the accrued interest. Banking isn't mandatory.. It's a free service unless you choose to use the extra facilities. In this case, un authorised borrowing. I don't see this any different to any other private organisation that has to make a profit but for some reason, people talk about fairness???

Mark · 18-09-2009, 11:29

Legal disputes? Lawyers? Sorry, but I think a lot of people have gone straight from a minor dispute to global thermonuclear warfare. Must be the evil banks.

If it's the first time it's happened, and you're at fault, simply go in and apologise. Most banks worth your money will waive a charge if it was a small amount, it's the first time, and you put it right promptly. Obviously, all will refund if it's their error, but it isn't in this case. The systems are all automatic - you go over even by 1p - you get charged. I went over by 37p once and did indeed get charged, which I got back without question (twice - the first time they agreed but forgot to refund it). I went over again a few months later but that was a bank error (they took money from the wrong account).

If the 'be nice' route fails, then Princess Griff has the right idea. Beware though that the most likely response will be 'all claims are on hold until this is resolved at the High Court'. You probably will get most (if not all) of the money back, but don't count on it happening this decade.

Fayshun · 18-09-2009, 11:35

Quote:

Originally Posted by Admiral Huddy

Sounds perfectly fair to me. Bank provide an overdraft limit as an enegency buffer wich is authorised borrowing. If you go outside that then it becomes an extra facility..

If you go to the bank for asking for a loan, you pay for the facility plus the accrued interest. Banking isn't mandatory.. It's a free service unless you choose to use the extra facilities. In this case, un authorised borrowing. I don't see this any different to any other private organisation that has to make a profit but for some reason, people talk about fairness???

Surely there shold be some discression though, getting charged nigh on 50 quid for going pence over a limit? Almost in the realms of the loan-shark, no?

Mark · 18-09-2009, 12:08

Computers generally don't do discretion. That's a human failing.

Admiral Huddy · 18-09-2009, 12:18

Quote:

Originally Posted by Fayshun

Surely there shold be some discression though, getting charged nigh on 50 quid for going pence over a limit? Almost in the realms of the loan-shark, no?

I have already said that it seems a little high

The banking systems don't have any concept of "tolerence" if currrent balance > facility limit then charge.

edit - repeating what Mark just said

iCraig · 18-09-2009, 12:35

So Skynet is in control?

Mark · 18-09-2009, 12:41

Absolutely. Think yourself lucky you haven't been terminated.

iCraig · 18-09-2009, 12:48

I'll be BACS

18-09-2009, 09:52	#21
Kitten Spinky-Spank Join Date: Jul 2006 Location: 668. The Neighbour of the Beast Posts: 11,226	No, the key word is 'fair'. __________________ "You only get one life. There's no God, no rules, except for those you accept or create for yourself. Then once it's over... it's over. Dreamless sleep for ever and ever. So why not be happy while you're here?" Nate Fisher

18-09-2009, 10:26	#22
divine Moonshine Join Date: Sep 2007 Location: Southampton Posts: 3,201	Surely there needs to be some sort of penalty for going overdrawn without authorisation though, otherwise people are going to start taking the mick and abusing it? :/ __________________

18-09-2009, 11:29	#24
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Legal disputes? Lawyers? Sorry, but I think a lot of people have gone straight from a minor dispute to global thermonuclear warfare. Must be the evil banks. If it's the first time it's happened, and you're at fault, simply go in and apologise. Most banks worth your money will waive a charge if it was a small amount, it's the first time, and you put it right promptly. Obviously, all will refund if it's their error, but it isn't in this case. The systems are all automatic - you go over even by 1p - you get charged. I went over by 37p once and did indeed get charged, which I got back without question (twice - the first time they agreed but forgot to refund it). I went over again a few months later but that was a bank error (they took money from the wrong account). If the 'be nice' route fails, then Princess Griff has the right idea. Beware though that the most likely response will be 'all claims are on hold until this is resolved at the High Court'. You probably will get most (if not all) of the money back, but don't count on it happening this decade. Last edited by Mark; 18-09-2009 at 11:32.

18-09-2009, 12:35	#28
iCraig iCustom User Title Join Date: Jul 2006 Posts: 2,250	So Skynet is in control? __________________

18-09-2009, 12:48	#30
iCraig iCustom User Title Join Date: Jul 2006 Posts: 2,250	I'll be BACS __________________

18-09-2009, 12:08	#26
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Computers generally don't do discretion. That's a human failing.

18-09-2009, 12:41	#29
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Absolutely. Think yourself lucky you haven't been terminated.