Bank charges: OFT giving up. - HotUKDeals
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Bank charges: OFT giving up.

deeky Avatar
6y, 11m agoPosted 6 years, 11 months ago
OFT say they are not going to persue it any longer.

They say it would take too long and the odds of success are too low.

So, for those of us who put our claims in too late, that's it. Forget it. The big boys have got their own way yet again.
deeky Avatar
6y, 11m agoPosted 6 years, 11 months ago
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[mod]#1
yep just seen this on sky news - damn banks
banned#2
lesson - dont get charged

simple
#3
dimebars
lesson - dont get charged

simple


^^this

don't spend what you don't have.................................thats what the banks want you to do
#4
Must be great to be rich and/or super-disciplined!

What about genuine mistakes/oversights? You think it's fair to be charged £35 for a simple mistake?
#5
deek72
Must be great to be rich and/or super-disciplined!

What about genuine mistakes/oversights? You think it's fair to be charged £35 for a simple mistake?


got nothing to do with being rich, its the very simple practice of living within your means.

If the only money you had was in your pocket, how would you spend more than that..........:whistling:
banned#6
deek72
Must be great to be rich and/or super-disciplined!

What about genuine mistakes/oversights? You think it's fair to be charged £35 for a simple mistake?


Not rich here. Absolutely nothing to do with being rich. Its do to with running your account and finances in the correct manner.

What 'simple' mistake would result in a £35 charge? Most banks will refund the charge the first time you make the 'simple' mistake. If you are not getting your charges refunded then me thinks you may be habitually breaking the rules. If thats the case then the banks have every right to charge you
#7
Yes, I know what you're both saying but the banks seem to sieze any opportunity to extort every penny they can from you. Ok, so if you go overdrawn by a few pennies, or make a mistake and end up slightly OD, then maybe they are right to charge you £35 (debateable imo). But then sometimes that £35 charge could mean you go overdrawn again, so they charge you another £35 and it can go on.....is that fair?
I'm not poor myself and I never go overdrawn, however I'm speaking for those who are maybe single parent families, or working for minimum wage. It's not always easy to stretch a little money far enough to pay for your needs.
These are the people who can least afford to pay these charges.
And anyway, the very fact that the OFT intervened in the first place suggests that a very large number of people disagree with your opinions that it's fine and dandy for the banks to fleece the little man.
banned#8
I never defended the amount the banks charge

I merely stated that if you ran your account properly then it wouldnt happen

'Simple' mistakes do not cause you to be charged ridiculous amounts. Repeated mistakes do.

If you havent learned your lesson after the first £35 charge then you shouldnt have money to be in charge of
#9
deek72
Yes, I know what you're both saying but the banks seem to sieze any opportunity to extort every penny they can from you. Ok, so if you go overdrawn by a few pennies, or make a mistake and end up slightly OD, then maybe they are right to charge you £35 (debateable imo). But then sometimes that £35 charge could mean you go overdrawn again, so they charge you another £35 and it can go on.....is that fair?
I'm not poor myself and I never go overdrawn, however I'm speaking for those who are maybe single parent families, or working for minimum wage. It's not always easy to stretch a little money far enough to pay for your needs.
These are the people who can least afford to pay these charges.
And anyway, the very fact that the OFT intervened in the first place suggests that a very large number of people disagree with your opinions that it's fine and dandy for the banks to fleece the little man.


this is easily solved, have your bank account set-up so it declines your card when you try to spend more than you have.

:thumbsup:
#10
Not forgetting the fact that the banks themselves all but conceded that the charges were over the top. Why else would they have paid out £millions in 'goodwill' gestures to those who had claimed? It was only when it started to become common knowledge and more and more people jumped on the bandwagon that the banks thought 'hang on a minute, if we repay all these people, we're gonna be skint!'.
The banks must be rubbing their hands and mopping their brows at the same time.
#11
Here we go again....... :whistling:
#12
aardvarking
Here we go again....... :whistling:


It does say 'bank charges' in the thread title.........:thumbsup:
#13
deek72
It does say 'bank charges' in the thread title.........:thumbsup:


it also says 'giving up'
#14
deek72;7292898
It does say 'bank charges' in the thread title.........:thumbsup:

Heh I'm not getting involved this time ;-)
banned#15
Alfonse
^^this

don't spend what you don't have.................................thats what the banks want you to do


That's hugely questionable, to the point of being completely wrong but that's besides the point.

Don't you have credit cards or any other 'borrowings'?
#16
FilthAndFurry
That's hugely questionable, to the point of being completely wrong but that's besides the point.

Don't you have credit cards or any other 'borrowings'?


nope don't use credit card.

have a mortgage thats it

its not wrong at all, month to month you should spend within your means, unless of course all the finance and debt helplines and services are wrong also with this advice

:roll:
banned#17
Alfonse
nope don't use credit card.

have a mortgage thats it

its not wrong at all, month to month you should spend within your means, unless of course all the finance and debt helplines and services are wrong also with this advice

:roll:


So how do you pay for things online? Credit cards give better protection and fringe benefits that I don't think you'll find on debit cards.:?
#18
FilthAndFurry
So how do you pay for things online? Credit cards give better protection and fringe benefits that I don't think you'll find on debit cards.:?


what has that got to do with living beyond your means???????????????????

really
banned#19
Alfonse
what has that got to do with living beyond your means???????????????????

really


Nothing, but I just don't believe why any sensible person would eschew the protection a credit card gives if they're supposedly 'financially responsible'.:thinking:
#20
FilthAndFurry
Nothing, but I just don't believe why any sensible person would eschew the protection a credit card gives if they're supposedly 'financially responsible'.:thinking:


being financially responsible is still not spending beyond your means whatever card you use....

com'on
banned#21
Alfonse
being financially responsible is still not spending beyond your means whatever card you use....

com'on


Each to their own.
#22
FilthAndFurry
Each to their own.


FACT its basic maths, if you spend more than you have coming in you are not being responsible

its not a preference, or each to their own fancy, its a FACT
banned#23
Alfonse
FACT its basic maths, if you spend more than you have coming in you are not being responsible

its not a preference, or each to their own fancy, its a FACT


FACT - that sounds boring.

But like I said, each to their own:thumbsup:
#24
FilthAndFurry
FACT - that sounds boring.

But like I said, each to their own:thumbsup:


lol someone doesn't have the basic concept of maths

and your fact is your opinion so actually its not fact at all
banned#25
Alfonse
lol someone doesn't have the basic concept of maths

and your fact is your opinion so actually its not fact at all


I don't quite see what the problem is with spending money on something and then gradually paying it off.
#26
FilthAndFurry
I don't quite see what the problem is with spending money on something and then gradually paying it off.


what!!

when was arranged borrowing ever brought up in this?

This thread is about bank charges and how those bank charges are incurred.................


what are you going on about.
#27
Alfonse;7293416
what!!

when was arranged borrowing ever brought up in this?

This thread is about bank charges and how those bank charges are incurred.................


what are you going on about.

Since When??!
This thread is about the OFT giving up the case...nothing about how charges are incurred! :santa:
#28
aardvarking
Since When??!
This thread is about the OFT giving up the case...nothing about how charges are incurred! :santa:


ok OFT give up on bank charges now what, it cannot be discussed how they are incurred.

fine by me
#29
Dude reread your posts its quicker than quoting all your posts.
#30
cassidy04
Dude reread your posts its quicker than quoting all your posts.


quote me where I am wrong about spending beyond your means, don't bother replying if you can't
#31
Alfonse
quote me where I am wrong about spending beyond your means, don't bother replying if you can't


http://rlv.zcache.com/village_idiot_tshirt-p235809987635077340t5hl_400.jpg
#32
lol its the copyright thief

but still you couldn't quote me either

n1
#33
Alfonse
lol its the copyright thief

but still you couldn't quote me either

n1


[email protected] worst troll ever,very very poor....best bow out gracefully
#34
narrow minded people make me sick - banks are merciless money making enterprises who are only providing a service to their shareholders

it's oh so easy for people to criticise and support the banks whose high standards of practice and code of conduct has brought this country to its knees

no doubt the banks will continue to charge people who have lost their jobs due to the recession caused by them.

no doubt the banks will continue to implement excessive penalties to those missing their mortgage payments becuse of involuntary redundundancies, and the banks would never kick a family out of their home, sell the home at auction for a fraction of it's worth just so that they can make back their own money

we should all take moral guidance from the actions of british banks that currently owe over £3000 per head to every person in the UK

i'd be happy to consider this unathorised borrowing and implement a penalty system, similar to their 'fair' system

so at about £2000 of charges to a close friend of mine accumilated after losing his job due to the recession which he could not afford repayments/bills/food/clothes for himself, his partner and his children when his actual unathorised overdraft amounts added up to less than £100 in TOTAL - over 20 times the amount in interest

So if my calcs are correct, the banks owe me (and everyone else in this godforsaken country) £3000 which I do not agree to

3000 x 20 = £60,000

not so fair and reasonable now is it - and also, you don't have a choice to go over your overdraft facility

they just take you over your and charge you their rates regardless!
#35
boothy
[email protected] worst troll ever,very very poor....best bow out gracefully


lol i'm the troll, and your valid contribution to this thread using your immense intellect is only to call me a village idiot, ooh as you put very graceful (hyprocritical). Unfortunately I don't live or come from a village so its an emtpy insult.

but I'm sure you'll cut me further with your razor sharp wit
#36
uksel
narrow minded people make me sick - banks are merciless money making enterprises who are only providing a service to their shareholders

it's oh so easy for people to criticise and support the banks whose high standards of practice and code of conduct has brought this country to its knees

no doubt the banks will continue to charge people who have lost their jobs due to the recession caused by them.

no doubt the banks will continue to implement excessive penalties to those missing their mortgage payments becuse of involuntary redundundancies, and the banks would never kick a family out of their home, sell the home at auction for a fraction of it's worth just so that they can make back their own money

we should all take moral guidance from the actions of british banks that currently owe over £3000 per head to every person in the UK

i'd be happy to consider this unathorised borrowing and implement a penalty system, similar to their 'fair' system

so at about £2000 of charges to a close friend of mine accumilated after losing his job due to the recession which he could not afford repayments/bills/food/clothes for himself, his partner and his children when his actual unathorised overdraft amounts added up to less than £100 in TOTAL - over 20 times the amount in interest

So if my calcs are correct, the banks owe me (and everyone else in this godforsaken country) £3000 which I do not agree to

3000 x 20 = £60,000

not so fair and reasonable now is it - and also, you don't have a choice to go over your overdraft facility

they just take you over your and charge you their rates regardless!


exactly why I didn't want the banks bailed out and why I give them nothing.
#37
Alfonse
lol i'm the troll, and your valid contribution to this thread using your immense intellect is only to call me a village idiot, ooh as you put very graceful (hyprocritical). Unfortunately I don't live or come from a village so its an emtpy insult.

but I'm sure you'll cut me further with your razor sharp wit


no need troll,you have cut yourself plenty of times recently,to do it anymore would be cruel
#38
boothy
no need troll


then stop following me into threads bet you cannot refrain thus making you a troll

we shall see how predictable you are

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