Bank charges - charged £35 for being £1 over
Bank charges - charged £35 for being £1 over
15 January 2008, 01:53 PM
#2
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think the case started yesterday.
The bank probably use special organically grown paper, with a handwriting expert who is brilliant at doing an Arial font (size 12). Stamps arent cheap either you know
Its a kin joke isnt it, I changed bank accounts last month and did the changeover forms etc, however I still got hit with a £100 charge in total for DD's that were refused. think it was £35 per dd that was refused, and then a further £15 per letter that was sent!
The bank probably use special organically grown paper, with a handwriting expert who is brilliant at doing an Arial font (size 12). Stamps arent cheap either you know
Its a kin joke isnt it, I changed bank accounts last month and did the changeover forms etc, however I still got hit with a £100 charge in total for DD's that were refused. think it was £35 per dd that was refused, and then a further £15 per letter that was sent!
15 January 2008, 02:13 PM
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waits for the SN massive who say you should look after your account better and manage your finances so you dont go over drawn 
My bank have put all their charges up, but renamed them all, so you can no longer even try and claim them back
My bank have put all their charges up, but renamed them all, so you can no longer even try and claim them back
15 January 2008, 02:16 PM
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There has to be some charge for going overdrawn. And I think £10-£15 is probably an acceptable amount.
However, when you get obvious penalising like this, then you can see why the issue is going to court.
However, when you get obvious penalising like this, then you can see why the issue is going to court.
15 January 2008, 02:32 PM
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15 January 2008, 03:06 PM
#9
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you can buy 500 sheets of a4 for about £2, laserjet printer cartridge about £100 tops, however this will do circa 10,000 prints, business post say 30pence, envelope (probably bought in bulk but go for 5p)
So
100/10000 (printer cartridge and max copies) = 0.01p
2.5 sheets of paper = 0.01p
envelope = 5p (very generous I know)
Business post = 30p (again probably a bit generous)
total a very respectable 37p
Factor in a very generous amount of £5 for an hours work for a yts and that comes to £5.37
God I should have been better at managing my accounts
So
100/10000 (printer cartridge and max copies) = 0.01p
2.5 sheets of paper = 0.01p
envelope = 5p (very generous I know)
Business post = 30p (again probably a bit generous)
total a very respectable 37p
Factor in a very generous amount of £5 for an hours work for a yts and that comes to £5.37
God I should have been better at managing my accounts
15 January 2008, 03:39 PM
#11
Sorry, but call me a cynic if you will.
Leaving aside whether the charges are fair, legal etc, does anyone else but me expect this to go the same way as the case of Idris Francis vs the UK government went?
That's to say, for some reason NO legal, other than the judge, can determine, it'll go in favour of the banks, ................and just watch the Labour ministers joining those self-same banks once they aren't ministers any more
Oh, and don't forget the "donations/loans" to Labour at the next election.
NOT from the banks, of course
Alcazar (cynic)
Leaving aside whether the charges are fair, legal etc, does anyone else but me expect this to go the same way as the case of Idris Francis vs the UK government went?
That's to say, for some reason NO legal, other than the judge, can determine, it'll go in favour of the banks, ................and just watch the Labour ministers joining those self-same banks once they aren't ministers any more
Oh, and don't forget the "donations/loans" to Labour at the next election.
NOT from the banks, of course Alcazar (cynic)
15 January 2008, 03:41 PM
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you can buy 500 sheets of a4 for about £2, laserjet printer cartridge about £100 tops, however this will do circa 10,000 prints, business post say 30pence, envelope (probably bought in bulk but go for 5p)
So
100/10000 (printer cartridge and max copies) = 0.01p
2.5 sheets of paper = 0.01p
envelope = 5p (very generous I know)
Business post = 30p (again probably a bit generous)
total a very respectable 37p
Factor in a very generous amount of £5 for an hours work for a yts and that comes to £5.37
God I should have been better at managing my accounts
So
100/10000 (printer cartridge and max copies) = 0.01p
2.5 sheets of paper = 0.01p
envelope = 5p (very generous I know)
Business post = 30p (again probably a bit generous)
total a very respectable 37p
Factor in a very generous amount of £5 for an hours work for a yts and that comes to £5.37
God I should have been better at managing my accounts
15 January 2008, 03:44 PM
#13
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The OP got off lightly, because some banks will charge you £35 for processing something that takes you overdrawn, plus £35 for going overdrawn plus £35 for writing to give you the good news. The result being that you end up with £115 in charges for going over bya few pounds.
The other cunning trick is to stop a Direct Debit payment out of your acoount because it would take you over your limit and charge you £35 for the privledge, then the recipient which could of course be the same bank will charge you £35 for not making the payment on time!
The other cunning trick is to stop a Direct Debit payment out of your acoount because it would take you over your limit and charge you £35 for the privledge, then the recipient which could of course be the same bank will charge you £35 for not making the payment on time!
15 January 2008, 03:47 PM
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could be worse, i`m currently getting charged 75quid a quarter for admin bollocks and i`m never over drawn (business account with some cash in it)
some of my admin fees include "paying in" LOL
some of my admin fees include "paying in" LOL
15 January 2008, 03:57 PM
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he has been "hoiked" in good and proper
stop carping on
YouTube - Nationwide Advert Annoying Bank Manager Fishing Haul Hook
15 January 2008, 06:00 PM
#18
Halifax by any chance Those muppets accidently stuck £7k in my account. I contacted them and they said they would sort it. Went to draw some money out a few days later and they had put me £7k in the red
I must have racked up about £300 in bank charges before the muppets sorted it out
(funny how it took them 24 hours to remove the money but 3 days to put £7k back)
Those muppets accidently stuck £7k in my account. I contacted them and they said they would sort it. Went to draw some money out a few days later and they had put me £7k in the red I must have racked up about £300 in bank charges before the muppets sorted it out(funny how it took them 24 hours to remove the money but 3 days to put £7k back)
15 January 2008, 06:10 PM
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15 January 2008, 06:48 PM
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15 January 2008, 08:13 PM
#23
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You went overdrawn and were penalised, applying the terms you signed up to when you opened the account. what are you complaining about ???
I don't understand how people can claim the banks should only charge what it costs them - IT'S A PENALTY to deter people from going overdrawn. It doesn't sound like it's enough IMO.
I don't understand how people can claim the banks should only charge what it costs them - IT'S A PENALTY to deter people from going overdrawn. It doesn't sound like it's enough IMO.
15 January 2008, 08:20 PM
#24
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You went overdrawn and were penalised, applying the terms you signed up to when you opened the account. what are you complaining about ???
I don't understand how people can claim the banks should only charge what it costs them - IT'S A PENALTY to deter people from going overdrawn. It doesn't sound like it's enough IMO.
I don't understand how people can claim the banks should only charge what it costs them - IT'S A PENALTY to deter people from going overdrawn. It doesn't sound like it's enough IMO.
15 January 2008, 08:30 PM
#25
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They make it from corporate lending and, increasingly, equity investing - high street accounts are a necessary evil for most of them. i.e. they make very little from providing generally free banking services to consumers.
15 January 2008, 08:48 PM
#26
You went overdrawn and were penalised, applying the terms you signed up to when you opened the account. what are you complaining about ???
I don't understand how people can claim the banks should only charge what it costs them - IT'S A PENALTY to deter people from going overdrawn. It doesn't sound like it's enough IMO.
I don't understand how people can claim the banks should only charge what it costs them - IT'S A PENALTY to deter people from going overdrawn. It doesn't sound like it's enough IMO.
15 January 2008, 09:22 PM
#28
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I went just over £1 overdrawn recently - a cheque I had made out at the start of Nov wasn't drawn on till nearly Christmas - and tbh I had forgotten about it.
I noticed and transferred some money to cover it - I had a payment of £400 going in the next day any way, but thought I should just cover myself.
So for being £1.09 IIRC overdrawn for less than 3 hours, Barclays Bank charged me £25.
I phoned up and gave them some grief - and they rebated my charges immediately.
I can understand these charges if someone is either a) going overdrawn on a regular basis and/or b) is overdrawn by a large amount ..
but £25 for a squid? the original offending cheque was less than £25 for gawds sake!
I noticed and transferred some money to cover it - I had a payment of £400 going in the next day any way, but thought I should just cover myself.
So for being £1.09 IIRC overdrawn for less than 3 hours, Barclays Bank charged me £25.
I phoned up and gave them some grief - and they rebated my charges immediately.
I can understand these charges if someone is either a) going overdrawn on a regular basis and/or b) is overdrawn by a large amount ..
but £25 for a squid? the original offending cheque was less than £25 for gawds sake!
15 January 2008, 10:20 PM
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It's why I don't use direct debit....its fine when amounts and billing periods don't change and the the money paid in via my income/automated transfers keeps things topped up.
But in the short space of time (not including postage time) of mandatory notice a company has to give before messing about with a DD payment and do it anyway before you have chance to rearrange the cashflow, your overdrawn and fined. Often being overdrawn by insignificant amounts purely due to the upset timings in the cashflow in and out of the account.
It's happened to me too many times whilst I was out the country and almost powerless to do anything about it.
But in the short space of time (not including postage time) of mandatory notice a company has to give before messing about with a DD payment and do it anyway before you have chance to rearrange the cashflow, your overdrawn and fined. Often being overdrawn by insignificant amounts purely due to the upset timings in the cashflow in and out of the account.
It's happened to me too many times whilst I was out the country and almost powerless to do anything about it.
15 January 2008, 10:24 PM
#30
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Its a bank not a charity!
Thanks to all of these people claiming back their charges I am now probably going to have to pay for my banking and I've never been over drawn in my LIFE!..
Cheers!
lol
TIP: Dont spend money you havent got..
Thanks to all of these people claiming back their charges I am now probably going to have to pay for my banking and I've never been over drawn in my LIFE!..
Cheers!
lol
TIP: Dont spend money you havent got..