Bank Charges

[northwind]

Originally Posted by akbarhussain

Which appears to be because the banks do not want them testing. As chief quite rightly points out, and can be seen by reading the Consumer Action Group forums - around 90% of claims have been settled. I'm not aware of a bank that has yet turned up in small claims court.

My understanding of this- and I'm 9 months out of date here, so it could be wrong- is that since HBOS introduced the new T&C, not one case has got that far- there's been a lot of threats, every one's stopped after legal advice. Can't speak for other banks. You could argue the case, but it'd be potentially very difficult and time consuming. The huge majority of the small claims cases are historic.

[arc123]

Northwind - I'm not quite understanding what you are saying:

"since HBOS introduced the new T&C, not one case has got that far" - got how far?? to small claims court you mean??

As I stated - I have retrieved half my sum which adds up to hundreds of punds over 6 years. I am pursuing my case with Barclays currently also.

[northwind]

Yup- new terms and conditions docs began being rolled out to customer accounts as of last July, I think most of the standard current accs are amended now- should be anyway, if they're on schedule. Which they won't be, it's HBOS

[northwind]

I meant to mention this earlier- if anyone thinks this is a victory for the consumer, they're deluded- the banks won't take a loss. If they lose one revenue stream, they'll either take it elsewhere, or they'll reduce costs... That means less interest for you, and probably less staff in branche and more call centres in sri lanka. It just shifts the burden from people who incur charges, onto everyone.

I don't think anyone is under the illusion that this is a victory for the consumer - its simply an oppurtunity for anyone affected to potentially get back what was taken from them illegally.

Originally Posted by northwind

Yup- new terms and conditions docs began being rolled out to customer accounts as of last July, I think most of the standard current accs are amended now- should be anyway, if they're on schedule. Which they won't be, it's HBOS

[northwind]

Remember folks, your bank charges pay for me to surf SV650.org when I'm supposed to be working! And seemingly, for Jenni to actually work when she's supposed to be working- the fool!

yeah i'm a good girl and only surf from bed...you on the nightshift northy??

P.S. HBOS customers please don't claim from your bank cos i've got next years bonus earmarked already

[northwind]

Originally Posted by jenni

you on the nightshift northy??

Last year's bank charges bought Northwind a nice new PC

This is the latest:

http://news.bbc.co.uk/1/hi/business/5056882.stm

and a deliberate tactic to psychologically prevent people from taking action. The solution? Move your accounts first!


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