Claiming Back Bank Charges

[ron dodgers]

It costs more than £30 to process an overdrawn account - they're just embarrassed at the actual cost!!

[magicroundabout]

It costs more than £30 to process an overdrawn account - they're just embarrassed at the actual cost!!

now that's a load of bollox

[Samdy Gray]

It costs more than £30 to process an overdrawn account - they're just embarrassed at the actual cost!!

now that's a load of bollox

I can imagine it's right. There's the cost of the staff's wage, then it would involve making a change to the individuals credit report which the bank also get charged for.

[SwindonStevo]

i am owed just short of £3500 (after 8% interest is added) and i've been offered £1000. obviously i told them to fuck off.

now waiting for a court date

wise move you could end up with nothing now. or less than that. or if you do get that it could take up to 2 years

[ron dodgers]

It costs more than £30 to process an overdrawn account - they're just embarrassed at the actual cost!!

now that's a load of bollox

so banks make money on interest bearing current accounts do they?

[magicroundabout]

i am owed just short of £3500 (after 8% interest is added) and i've been offered £1000. obviously i told them to fuck off.

now waiting for a court date

wise move you could end up with nothing now. or less than that. or if you do get that it could take up to 2 years

how could i end up with nothing?
and it wont take two years as claims already filed before this investigation started still have to be sorted so could take weeks rather than years

[magicroundabout]

It costs more than £30 to process an overdrawn account - they're just embarrassed at the actual cost!!

now that's a load of bollox

so banks make money on interest bearing current accounts do they?

did i say that?
but they make money from adding bank charges hence the reason people are taking them to court is it not?

[neville w]

At risk of being controversial, are you all saying that every charge was unjustified? - surely there should be some "once bitten, twice shy" approach here ?

I have sympathy for minor exceeding of limits, but regular and sustained transgressions surely can't be justified for refunds.

If they are,well done for getting the refunds,and thanks to everyone for the eventual ending of free banking for those who are "lucky" enough to control their finances

[magicroundabout]

well appologies for everyone not being able to control there money and living in a perfect world where everyone has perfect finances.

the fact the banks charge you (Barclays) a maximum of £90 in charges over a 28 day period for going £5 over your overdraft for whatever reason to me seems extremely unfair.
Because how then can you get your finances back on track when you've already received a £90 defisite(sp) before you next get paid.

time and time again i've asked Barclays for help whilst i went through money troubles yet all they said was "it's electronic and cannot be removed" or "take out a loan"
yeah cheers like that'll help

[jayohaitchenn]

agree with that Magic. The problem is the banks aren't in it to help us they just want to make money.

[Jesus Loves Porn]

Dont like banks and dont like bank charges. However they are companies and have sharehlders at the end of the day.

Bank charges may not be ethical or fair but as long as you have someone to answer to profit is important

[neville w]

.

the fact the banks charge you (Barclays) a maximum of £90 in charges over a 28 day period for going £5 over your overdraft for whatever reason to me seems extremely unfair.
Because how then can you get your finances back on track when you've already received a £90 defisite(sp) before you next get paid.

I agree it seems extremly unfair. On the other hand, to rack up £3500 takes a lot of £90 months, so without knowing (or wanting to know) any specifics, that's what I was basing the comment on.

Further, regardless of a person's unwillingness to take out a loan (which I'd fully understand - unless it was the lesser of two evils), the interest rate incurred would be a lot less than a) overdraft rates, and b)continual racking up of even more charges.

[Bedford Red]

I worked for a Bank for 18 years so have seen both sides.

I do think the charges can be excessive; but it does take a lot of work just for returning a cheque for example; the time it takes a member of staff to process it is longer than you would think.

Also; i was an account manager for a long time. And I would constantly stress to people not to issue cheques if there wasn't the money; don't set up D/D's etc as they wouldn't be paid or they would get charged.

I'm a bit 50/50 on this. I'm sure some people do have a case to claim "some" of the charges back; but some people (and a lot of higher earners) used to get absolutely clobbered every month by constantly going overdrawn. And if we increased their overdraft they would exceed that the following month.

So; those people I don't have any sympathy for. People on low incomes who couldn't get out of trouble because of the charges eating up their money i do have more sympathy for.

[Samdy Gray]

At the risk of sounding like a complete and utter cunt, if people didn't spend money they haven't got then you wouldn't get charged by the bank.

And how do you expect the banks to cover the cost of employing a further x hundred people to work on these claims? That's right, by charging people.

[jayohaitchenn]

right or wrong, if someone offers you £3000 for doing basically nothing, what would you do?