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#21 |
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Ooops, sorry cheif. I just got a bit carried away after reading some of the other very helpful but obviously irrelevant posts on the thread.
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#22 | ||||
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e.d wrote:
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How is all this relevant to my posts and the original question? sharriso74 wrote: Quote:
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#23 | |
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Morally, maybe the banks should be allowed to do this. Legally, yes they can cover their own costs. An automated letter is likely to cost close to 35p than £35 though. But more importantly, legally overrules morally. |
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#24 |
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quick post before I go for lunch:
Mattsv: you're going off-topic (see my last post) all is irrelevant aside from the fact they legally are not allowed to do so. In your T&C, do they state what the amount per fine will be?? no, didn't think so. |
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#25 | |
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The OFT ruling which is in teh press at the moment ONLY affects credit cards.
I'm very tempted to put out the HBOS response, because it's pretty disgusting- but I think it could get me sacked ![]() Quote:
Here's how it works. You go overdrawn over any agreed limit, and they say "That'll be £30". If they use suitable flannel, that isn't a fine- it's an availability charge- they're making available to you a temporary additional overdraft limit at your request, as is covered in the terms of your contract with them. And you can charge what you want for contracted services. (otherwise, we'd all be suing plumbers) Yep, I know this is ridiculous, it's a fee by any other name. But so far there's been no rulings and no test cases for these new T&Cs. There's loads of implications against the banks in terms of bankruptcy and debt recovery too, which will need to be worked out- you can't offer the overlimits as a service, then default someone for using them... But then... It gets complicated, because of the legal standing of this sort of non-negotiable contracts- there's case precedent (I forget the legal term) that they're unenforcable. Almost certainly flawed precedent, and there's counterprecedents ![]()
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"We are the angry mob, we read the papers every day We like what we like, we hate what we hate But we're oh so easily swayed" |
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#26 | |
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Chief
Sincere apologies for going off topic ![]() Quote:
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#27 | |
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#28 |
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"Yes they do - on page 11 of 'A Guide to Personal Current Account fees and interest' (unarranged borrowing, unauthorised transactions, paid referral, default notice) - trust that clarifies this matter for you "
Out of interest, do they mention the specific charges? |
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#29 | |
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akbarhussain wrote:-
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#30 | |
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To me (from a non law-specialist point of view) that says at least that the banks are quite happy to pocket their millions of squids every year without having to try defend them. Maybe they can, maybe they can't......... but if you have charges on your account and fancy a crack at getting them back, try now whilst the going's good. |
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