Suffolk_fox Posted 5 July 2006 Posted 5 July 2006 My brother has just won back almost £2k of bank charges he has paid over the last 6 years!! HOW? I hear you all ask! Bank charges are actually a fine, and as such are illegal... try googling 'reclaim bank charges' for more info. I am now going through my online statements seeing how much ching I can get back!! WAHOOOOO!!!!
Monk Posted 5 July 2006 Posted 5 July 2006 My brother has just won back almost £2k of bank charges he has paid over the last 6 years!! HOW? I hear you all ask! Bank charges are actually a fine, and as such are illegal... try googling 'reclaim bank charges' for more info. I am now going through my online statements seeing how much ching I can get back!! WAHOOOOO!!!! My question is this: How on earth did he rack up 2K of charges int he first place???
Suffolk_fox Posted 5 July 2006 Author Posted 5 July 2006 Same as me probably. If I don't have enough to cover a Direct Debit, my bank charges me £35. 5 days later, the DD is represented and lo and behold another £35 goes down the drain. You just need 2 DDs late in the month and you are down by 140 quid... I know it is financial irresponsibility but hey that's me. I wouldn't trust me with a fiver....
Head Honcho Posted 5 July 2006 Posted 5 July 2006 My brother has just won back almost £2k of bank charges he has paid over the last 6 years!! HOW? I hear you all ask! Bank charges are actually a fine, and as such are illegal... try googling 'reclaim bank charges' for more info. I am now going through my online statements seeing how much ching I can get back!! WAHOOOOO!!!! The bank isn't acting outside the law at all.......... ..................but most are paying the charges back to customers who threaten legal action. This is because the bank have deemed it a better option then fighting the claim against them.
Monk Posted 5 July 2006 Posted 5 July 2006 Same as me probably. If I don't have enough to cover a Direct Debit, my bank charges me £35. 5 days later, the DD is represented and lo and behold another £35 goes down the drain. You just need 2 DDs late in the month and you are down by 140 quid... I know it is financial irresponsibility but hey that's me. I wouldn't trust me with a fiver.... Who's your bank - most banks dont charge charges on charges? Still, all the same, thats 60 odd £35 fines..... surely when it gets to like the 5th you do something about the charge - like switch to a lower mobile bill or eat on the cheap?
Monk Posted 5 July 2006 Posted 5 July 2006 The bank isn't acting outside the law at all.......... ..................but most are paying the charges back to customers who threaten legal action. This is because the bank have deemed it a better option then fighting the claim against them. That my friend is true. Damn True.
Suffolk_fox Posted 5 July 2006 Author Posted 5 July 2006 The bank isn't acting outside the law at all.......... ..................but most are paying the charges back to customers who threaten legal action. This is because the bank have deemed it a better option then fighting the claim against them. I beg to differ - there are several legal precedents and the extent of the charges are disproportionate. Have a quick look and see (I reccomed the Martin Lewis page, he is on the radio alot with some damn fine advice)
Head Honcho Posted 5 July 2006 Posted 5 July 2006 I beg to differ - there are several legal precedents and the extent of the charges are disproportionate. Have a quick look and see (I reccomed the Martin Lewis page, he is on the radio alot with some damn fine advice) Seen him on the box before and your right he is very good.
Katy Posted 5 July 2006 Posted 5 July 2006 The Abbey are the biggest bunch of charlatans after first direct I get Martin Lewis' newsletter emailed to me, I find it interesting and helpful
Alexikokopops Posted 5 July 2006 Posted 5 July 2006 Same as me probably. If I don't have enough to cover a Direct Debit, my bank charges me £35. 5 days later, the DD is represented and lo and behold another £35 goes down the drain. You just need 2 DDs late in the month and you are down by 140 quid... I know it is financial irresponsibility but hey that's me. I wouldn't trust me with a fiver.... Bitched on, Nationwide only charges me £15 if I go overdrawn.
The People's Hero Posted 12 July 2006 Posted 12 July 2006 HSBC have just done me like a kipper. They agreed to extend my overdraft 2 weeks ago and then automatically reduced it a few days back because I'd been graduated for a year. Bastards.
Janx Posted 12 July 2006 Posted 12 July 2006 ' date='Jul 5 2006, 06:32 PM' post='346117']Bitched on, Nationwide only charges me £15 if I go overdrawn. They are indeed the Gents amongst the banking fraternity, but they are still mutual and a Building soc...remember VOTE NO... you will just piss the windfall up the wall anyway... you dont need it.... KEEP IT REAL!
andyh1884 Posted 12 July 2006 Posted 12 July 2006 They are indeed the Gents amongst the banking fraternity, but they are still mutual and a Building soc...remember VOTE NO... you will just piss the windfall up the wall anyway... you dont need it.... KEEP IT REAL! That's of course assuming you'd get a windfall - got a mortgage and current account with them and when we signed up we had to sign something to say that if the turned into a bank our pay-out goes to charity. To stop carpet baggers if my memory serves me correct
Head Honcho Posted 12 July 2006 Posted 12 July 2006 That's of course assuming you'd get a windfall - got a mortgage and current account with them and when we signed up we had to sign something to say that if the turned into a bank our pay-out goes to charity. To stop carpet baggers if my memory serves me correct I thought you still qualified if you had a mortgage, the carpetbagger thing was just for people opening savings accounts wasn't it?
Janx Posted 13 July 2006 Posted 13 July 2006 I thought you still qualified if you had a mortgage, the carpetbagger thing was just for people opening savings accounts wasn't it? VOTE NO!
andyh1884 Posted 13 July 2006 Posted 13 July 2006 VOTE NO! I'd vote no, don't fancy getting dry-bummed with higher rates & charges if they became a bank. they're run for their members don't you know, so no bubbly for the shareholders at the AGM.
Nationwider Posted 13 July 2006 Posted 13 July 2006 I thought you still qualified if you had a mortgage, the carpetbagger thing was just for people opening savings accounts wasn't it? VOTE NO! I opened a savings account with them several years ago after I got an A&L windfall - shameless carpetbagging! Strangely I've voted "No" for most years - probably some sort of moral reflex. My username has nowt to do with them also!
Deathside Posted 14 July 2006 Posted 14 July 2006 My username has nowt to do with them also! You sure???
Rincewind Posted 14 July 2006 Posted 14 July 2006 I found in the past if your ingoing and out going overlapped the bank may waive the charges if requested. They normally look at your account and see how the situation can be approved. It is not in their interest to piss off customers too often as they will leave to go to another bank.
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